When we stop paying, not able to reach any customer service at all.

Do we have pay for payment due on first week of April (i.e considered payment for March)?

why no Citibank ?

yeah, have thought on this also... since due in first week in april is it consider already start or not?

the one you read for hire purchase is before BNM announcement, dated is 23rd March... the latest one on 26th march will be automatic

Means i dont have to pay my car loan for 6 months?

Righfully, whatever loan that is due after 1st April , will be defer. But all my bank officers says otherwise. So i think abit contradict. All mentioned March salary still need to pay. I mean like me my salary end month. So most likely all deduction will only be made afyer 1st April or on the 1st itself.

So really, i giv up and will just pay. Coming april salary only stop paying. Even if we paid, it wont affect the deferment and it wont make u suddenly opt out. As opting out, each bank has its procedure to inform officially. So for those(i think) that just pay, they are included in the automatic deferment.

But u guys wanna take the chance? Easy. Dun pay until u get the classic notification of bank not receiving payment. Not that it will totally ignore u n charge late payment or penalty without giving u notification first right? Hehehe

I want to opt out but the "here" is not clickable.

did you manage to use the Public Bank opt out form? I have no luck, having error upon submission.

i also got problem. Sommore I tried since friday. Whole day try. Then try call. All cannot. Last last send email to them. No reply. Wait monday see how la...

if non compounded housing loan interest, is it means we just simply defer 6 months and pay same repayment amount until tenure end?

[attachmentid=10457737]

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.
[attachmentid=10457737]

What happens if I manually pay my hire purchase loan during these 6 months, but I didn't opt out from the payment exemption?

refer to below:

Thank you done my calculation...interest close to RM 6K. worse case my bank does not automatically allow for 6 months extension. So at the end of maturity need to pay lump sum

With latest info I got, bank will extend your repayment by another 6 month and your monthly instalment will increase to cover the interest. 6k extended to few years e.g 30 years is just 30 ringgit extra per month. But it's still extra for the next 30 years.  Better opt out if you can help it.

So its loan extended by 6 month and then installment increase as well???

Not either one of it only?