Automatic but subject to approval....

GG ? eat CC interest alone is enough to feed the bank for a year or 2.....

https://www.bnm.gov.my/index.php?ch=en_pres...ac=5018&lang=en

BNM official statement here. Seems like there are terms and conditions

Another layman on the street who have no idea how banking institution works.

Hello, go read up on capital conservation buffers. I already mentioned earlier. Banks have built up alot of capital reserves since global financial crisis. Now it is time to use this reserve.

nice I will update first page

I'm no economist or financial expert like you. Nevertheless I hope you're right.

Parking for further actions.

no further actions required... move on.

#Individuals and SMEs that do not wish or need to avail of these flexibilities can continue with their current repayment structures.
#It's not auto you have to reach out to your bank if you have a need to defer your repayment.

Do we need to do anything to entitle to this? Or it's automatic?

How do we prove that we are directly affected by Covid-19?

bnm say call your bank to talk to them

it has it's goods and bads
for those who became jobless/lost of income due to this, this would help....ALOT


this
the most easiest explanation to those who don't understand is that
your installment of 1st april 2020 will be delayed to 1st oct 2020
it's that simple

Your FD interest, saving a/c interest etc actually comes from the loan interest, bank is just the middleman taking their cut of profit. if there is no accrued interest for existing loans for 6 months, expect profit goes down or bank will be giving less deposit interest once your FD matures.

for every winner, there are always losers. there is no free lunch for everybody in this world. if you get a free lunch, means someone else will lose money.

From tv3 news it's said that it isn't automatic

Banks offer penangguhan so if you want you have to call them

i think some are confused with the current as well previous policy abeit BNM direction on 6mth delayed as well banks' deferment for affected customers......


current one covered everybody, while the previous one only for affected cnsumers

You must be a layman like me. Someone said banks have built up reserves for this.

How convenient, the word automatic from yesterday has now disappeared. Banker help banker.

Exactly. This new one applies to all

reserve belongs to shareholders, so someone still lose money. could be very well the person who said that earlier.

from the press release


i want to continue, do i have to call or not?? it just says can continue like usual

Why u tag me