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 Breaking* BNM say no need to pay loans, for 6 months

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silent_stalker
post Mar 24 2020, 10:17 PM

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Theres still alot of confusion here. I think ill wait for my bank to give letter or anything. Mine just few hundred, if got some extra interest during this time, i rather pay normally
akaMindz
post Mar 24 2020, 10:17 PM

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car loan also? sorry banana here!

This post has been edited by akaMindz: Mar 24 2020, 10:18 PM
ahmad92
post Mar 24 2020, 10:18 PM

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QUOTE(Revamperz @ Mar 24 2020, 10:16 PM)
inb4 after 6 months all duit habis dijoli
*
Hahahaha. Macam biasa.
boyslikeboys
post Mar 24 2020, 10:19 PM

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QUOTE(wild_card_my @ Mar 24 2020, 10:13 PM)
I think it will. Banks will not eat up the losses as they still need to lay their depositors (fd) and other borrowers
*
Hello - grant an automatic moratorium on all loan/financing repayments/payments, principal and interest


It says principal and interest
wild_card_my
post Mar 24 2020, 10:20 PM

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QUOTE(RO Player @ Mar 24 2020, 10:17 PM)
Based on the leak, at 13% rate. You can already do this anytime
SUSAllnGap
post Mar 24 2020, 10:23 PM

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Automatic or what
Buffalo Soldier
post Mar 24 2020, 10:23 PM

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More details in the letter here https://twitter.com/EkonomiRakyatMY/status/...433345838968832


rizts
post Mar 24 2020, 10:24 PM

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QUOTE(exoticars @ Mar 24 2020, 09:59 PM)
Seriously many msian are dumbfuks, never read whole article and ask stupid questions, spam share, etc...
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Yaa.. i agreed. Most cannot understand what is in the moratorium.

This post has been edited by rizts: Mar 24 2020, 10:25 PM
Buffalo Soldier
post Mar 24 2020, 10:27 PM

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fantasy1989
post Mar 24 2020, 10:33 PM

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just pay as usual..
wild_card_my
post Mar 24 2020, 10:33 PM

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QUOTE(boyslikeboys @ Mar 24 2020, 10:19 PM)
Hello -  grant an automatic moratorium on all loan/financing repayments/payments, principal and interest
It says principal and interest
*

Moratorium on the repayment (of principal and interest). No mention on the moratorium on the accrual (of interest)

Hello. You guys need to get your accounting and financing vocabs up to pace. I don't mean to say "i do this for a living so I must be right" but you need to equip yourself with the right knowledge before engaging in a discussion. Otherwise the discussion will end up being nothing more than a screaming match (to see who can write more)

And if you don't have the capacity to understand the subject matter, it is not wrong to just ask or simply listen/read, instead of replying for the sake of it. Please jangan jadi bodoh sombong. Be humble a bit la.
SUSkevin23
post Mar 24 2020, 10:33 PM

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No need to pay ur loans for 6 months and no accrued interest whatsoever

Means u pay 3k for ur car now. U can stop paying for 6 months and 6 months later continue paying again

Same goes for housing loan and personal loan

Its automatic blanket moratorium

No u dont have to prove u were affected, because covid affected everybody as there was a 2 week lockdown which affect everyone regardless u are infected or not

And this lockdown might be even extended

So its as simple as that.

Oh credit card not included ya

This post has been edited by kevin23: Mar 24 2020, 10:35 PM
Mr. Najib Razak
post Mar 24 2020, 10:36 PM

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QUOTE(wild_card_my @ Mar 24 2020, 10:33 PM)
Moratorium on the repayment (of principal and interest). No mention on the moratorium on the accrual (of interest)

Hello. You guys need to get your accounting and financing vocabs up to pace. I don't mean to say "i do this for a living so I must be right" but you need to equip yourself with the right knowledge before engaging in a discussion. Otherwise the discussion will end up being nothing more than a screaming match (to see who can write more)

And if you don't have the capacity to understand the subject matter, it is not wrong to just ask or simply listen/read, instead of replying for the sake of it. Please jangan jadi bodoh sombong. Be humble a bit la.
*
QUOTE(kevin23 @ Mar 24 2020, 10:33 PM)
No need to pay ur loans for 6 months and no accrued interest whatsoever

Means u pay 3k for ur car now. U can stop paying for 6 months and 6 months later continue paying again

Same goes for housing loan and personal loan

Its automatic blanket moratorium

No u dont have to prove u were affected, because covid affected everybody as there was a 2 week lockdown which affect everyone regardless u are infected or not

And this lockdown might be even extended

So its as simple as that.

Oh credit card not included ya
*
both of u fight

koja6049
post Mar 24 2020, 10:36 PM

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QUOTE(kevin23 @ Mar 24 2020, 10:33 PM)
No need to pay ur loans for 6 months and no accrued interest whatsoever

Means u pay 3k for ur car now. U can stop paying for 6 months and 6 months later continue paying again

Same goes for housing loan and personal loan

Its automatic blanket moratorium

No u dont have to prove u were affected, because covid affected everybody as there was a 2 week lockdown which affect everyone regardless u are infected or not

And this lockdown might be even extended

So its as simple as that.

Oh credit card not included ya
*
who says no accrued interest? rolleyes.gif
thxxht
post Mar 24 2020, 10:37 PM

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only for SME businesses
silkysilk
post Mar 24 2020, 10:37 PM

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strong sign that mco going to be extended
wild_card_my
post Mar 24 2020, 10:38 PM

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No mention of non-accrual of interests. Only moratorium on the installment payment. i would love to be proven wrong, and I can accept new facts, as long as they are presented in good light

This post has been edited by wild_card_my: Mar 24 2020, 10:39 PM
doomvein
post Mar 24 2020, 10:38 PM

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QUOTE(Mr. Najib Razak @ Mar 24 2020, 09:36 PM)
both of u fight
*
ask them fight at mesin ikan with rm500 modal. who last standing win la.
boyslikeboys
post Mar 24 2020, 10:38 PM

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QUOTE(wild_card_my @ Mar 24 2020, 10:33 PM)
Moratorium on the repayment (of principal and interest). No mention on the moratorium on the accrual (of interest)

Hello. You guys need to get your accounting and financing vocabs up to pace. I don't mean to say "i do this for a living so I must be right" but you need to equip yourself with the right knowledge before engaging in a discussion. Otherwise the discussion will end up being nothing more than a screaming match (to see who can write more)

And if you don't have the capacity to understand the subject matter, it is not wrong to just ask or simply listen/read, instead of replying for the sake of it. Please jangan jadi bodoh sombong. Be humble a bit la.
*
Wow just wow. Delusional at its finest.

Btw I do this for a living too? You’re just an insurance agent it seems so hows accounting your day to day language? Debit credit?

What a joke


GreenSamurai
post Mar 24 2020, 10:39 PM

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So if I am richfag can I just pay like normal?

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