If this really automatic, imagine the day that you can fork out extra 500 from EPF and no need to pay mortgage/car loan/ptptn

Suddenly become rich fag, raya summore, everyone drink starbucks like water. Even for that 6 month.

deferred payment, that's all...it doesn't mean u get to pay less or bank is getting less...interest rate is still ongoing for this 6 deferred payment months(people need to remember this)

yala.. is like a grace period la i believe, grace period that u can delay ur april payment with no financial charges until september 2020, but of coz ur tenure end date will extend for 6 months also.

but the interest accural i not very understand. my understanding is, if there is additional interest incurred due to the delay of payment, this need to be consented by loanee, cannot be automatic.

So... can any /k confirm, for house loan, we can just stop paying the loan for 6 months? I know loan duration will be extended
this is automatic right? No need inform bank

Need some banking staff here to help

But there are only 2 conditions

1. not in arrears for 90days as of 1Apr
2. denominated in Ringgit

Which radio station?

Hence, the banks cannot charge you interest whilst your loan ia being suspended. It's pretty clear to me on this rule. And my example of how would you charge interest on predetermined or fixed loans such as hire purchase is one of the compelling reasons why the banks won't charge interest on any loan suspension. Including your house loan. They have got to be fair and apply all equal rules across the board.. so if they can't do it for one type of loan, means they should be consisrent and not apply additional interest across the board..

At least that's my logic to this.

Fuck this is confusing, i though the simpler explanation is you delay 6 month pay. That means if your loan is meant to end in January 2030 it should now end July 2030.

Isnt this right?

If this really automatic, imagine the day that you can fork out extra 500 from EPF and no need to pay mortgage/car loan/ptptn

Suddenly become rich fag, raya summore, everyone drink starbucks like water. Even for that 6 month.

Good for those with loans but definitely not good for financial institutions. How many can than this type of stress test? I worry about the knock-on effect on the economy in general. Will they be able to continue issuing new loans?

If implemented, those still able to service their loans should be encouraged to do so by the financial institutions and bnm, perhaps with some sweeteners.

NPL has impact than this moratorium