Thanks !
Each bank have their own SOP to tell their customers right

Wonder which bank will be faster to announce

Umm guys, so if I pay RM1000 monthly, then it is now paused for 6 months, do I need to pay more after the moratorium ended?

let's say, i pay RM1000 normally

then 6 months interest accrued on that loan alone

on month 7, my monthly payment will be readjust with the accrued interest + tenure will also be readjusted, right?

so it is now RM1010 something until my new tenure is completed? or is it the same amount, but only tenure is extended?

note: all figures are example, i don't math on this one.

betui betui..

All bank join or how

I dont have the exact calculation as well.. But i think this sounds right

Or not you will survive 6 months but on month 7 you will have trouble paying as well (if accumulated)

This post has been edited by akutaksempurna: Mar 25 2020, 07:38 PM

suppose all under bnm regulated

ya i don't think it's paying lump sum interest on the 7th month. could be it readjusted so it spreads across the rest of the tenure. idk

So for housing loan it is worth or not?

Guys. If my loan auto deduct from savings account how bro?

Guys, need your advice also. Lol. It’s for my car loan, 2 years+ into it. Total 7 years loan. Monthly instalment of 741. So 6 months I’ll be saving up like 4.4k. It will no doubt help me in saving up liquid cash. The interest roll over should be just minimal only right, since it’s just car loan and 7 years. Maybe when resume it’s like 760+?

Hmm. Would u guys trade the 4.4k liquid cash to slightly higher interest when you start repaying back the loan on Sept?

Bnm say hire purchase wajib ambil. But Public bank say optional. Dgr siapa woi

I think both is optional... If you want to pay can also.. Not mandatory for us to take but its mandatory for bank to give the moratorium

Take it no impact on your total amount owed

This post has been edited by xeroxphan: Mar 25 2020, 11:21 PM

It's not free lunch. You pay for accrued interest.

Say your remaining house loan is RM 300,000, 4% interest... the 6 months u defer your payment accrued 2% interest (half a year).. you'll end up with Rm 6,000 interest to be added into your total amount owed.. which is RM 306,000 after 6 months.. then you negotiate with your bank for a new payment term.

I think this is quite accurate..

Lets wait for more faq from bank..

Those that having cash flow problem to survive due to MCO then it helps to put food on table and roof over your head.

But that 6000 extra lets say if spread over a long period and just increase your monthly installment by rm30-50 i might just take it.

The 6 month loan i saved can invest other places to get return 😉

U can transfer to my account first to avoid being auto deduct.

typical financial illiterate poorfag

If got tunggakam not valid tis morotoriam?