government try to help u save cash u guys kaypoh dont want pulak

cash is king la..2020 is doomed

take the fucking money

After reading on public bank's website, it seems like we need to fill the form and submit it to them then they will revise for how long we can skip the payment.

It's not automatically done for this particular bank. I guess I'll just pay my monthly payment

On pbb website it said that we have to fill a form and submit it to them if we want to stop payment. My guess would be that we just pay our monthly instalments if we don't need the moratorium

parked, still want confirmation:

1. hire purchase got interest?
2. is it auto or need to fill form (maybank)?

Take note of the date of the announcement, its 23rd, pm announcement was this afternoon, 25th, where it will applied automatically, and also my banker told me so as well still waiting for her response regarding the interest portion, better ask them direcrly rather than depend on speculations

This post has been edited by marukopi: Mar 26 2020, 01:43 AM

ayam have galazyfold, you dont have.
dont jelez, when ayam get awek after this.

#wang tak dapat dibawa ke akhirat

Are you referring to this?

https://www.pbebank.com/Announcements.aspx?qid=2922#q2922

It's updated on 23-MAR-2020


The announcement by BNM is one day later 24-MAR-2020.

So it could be outdated on pbebank.

I see. Please share the reply with us here. Thank you

Thank you for the chart

Ya. I guess now we don't have to worry about payment, except the interest part

What fcuking money? It's your only when you don't have to pay back.

Bad new is most bank required you to fill up form and not automatic.....

First is public bank for hire purchase. Need state reason amd storytellling how you affected

Now need wait upcoming announcement see bank will follow automatically or not. Haha

This post has been edited by wangpr: Mar 26 2020, 04:50 AM

This is an ORDER from BNM, they literally have no choice.
The whole filling up form thing is from the previous offer that were made by Malaysian banks independently, this one is different.

Refer to this attachment, very clear already.

Hire purchase, no need worry about interest and accrued interest. So just opt in don't reject. You pay same instalment 6 month later and loan extended 6 month

Mortgage, interest will be calculated on daily basis, Yes, with interest on interest. The amount will not be small.. So this one if your monthly repayment only paying less than 40% of the principal, better opt out if you can. Can rack up minimum 6k of interest in 6 month assuming the mortgage balance is above 250k.

After 6 month, there are 2 possibility, either bank allowed you to pay same instalment and extend the repayment period beyond 6 month, and the repayment backtrack to 6 months ago before the moratorium where the payment will allocated more to paid off interest than principle or bank increase the monthly instalment amount to cover for the 6 month accrued interest and repayment structure still backtrack to 6 month ago before moratorium where % paid to interest portion is higher than to principles balance.

Based on Summary on loan info, it look like the latter, instalment amount increases to cover new Balance.


Either way is not good.

BTW, above attachment sources is not from bnm but from uni suite, and the official letter from bnm clearly stated the acrued interest will be calculated and total balance will be adjusted and it look like for all loan not only limited to mortgage. So will need to verify the above source where they get the summary and most importantly which official bnm communication says no interest for hire-purchase as I can't find any online.


This post has been edited by wanted111who: Mar 26 2020, 06:15 AM


Attached thumbnail(s)

progressive interest still need to pay, rip.

Got bnm source that said hire purchase no additional interest?

Yes.. Now even the opr dropped.. Balance each other

see this, maybank

https://www.maybank2u.com.my/maybank2u/mala...ief_scheme.page?

regarding deferment on loan

for public bank: https://www.pbebank.com/Announcements.aspx?qid=2924#q2924

but i dont see any form here when they said we can apply there

conventional loan interest is compounded. shariah one not compounded....