Breaking* BNM say no need to pay loans, for 6 months
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 Mar 25 2020, 03:39 PM
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#1
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Senior Member
1,449 posts Joined: Jul 2015 
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It's not exactly no need to pay loans for 6 months.
It's just loan repayments being postponed for 6 months. If you're financing for 5 years, you still have to pay for 5 years, only paused now and continue after the relief period. |
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Mar 25 2020, 04:06 PM
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#2
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Senior Member
1,449 posts Joined: Jul 2015
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QUOTE(naTTan @ Mar 25 2020, 04:04 PM) If like this I understand, but they say got accrual interest. So what is that about? You still get 6 months of interest accrued into your total payment. Seems like a way to incentivize banks for particpating in this relief. |
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