Breaking* BNM say no need to pay loans, for 6 months
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 Mar 25 2020, 07:24 AM
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#1
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍 
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So... can any /k confirm, for house loan, we can just stop paying the loan for 6 months? I know loan duration will be extended
this is automatic right? No need inform bank Need some banking staff here to help This post has been edited by James1983: Mar 25 2020, 07:25 AM |
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Mar 25 2020, 07:26 AM
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#2
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍
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QUOTE(meteoraniac @ Mar 25 2020, 07:25 AM) ok read few times the bnm notice Can opt out, means by default I can just stop paying ya?1. ccris wont be affect 2. no interests accrued 3. if ur remaining tenure is 12 months, it will be 12 + 6 months 4. can opt out by writing in 5. credit card got separate program happy to be corrected  |
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Mar 25 2020, 07:54 AM
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#3
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍
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QUOTE(Skylinestar @ Mar 25 2020, 07:52 AM) Listened to the 7am radio news. It says only applicable to those with conditions met. It's not full auto for everyone. But there are only 2 conditions1. not in arrears for 90days as of 1Apr 2. denominated in Ringgit This post has been edited by James1983: Mar 25 2020, 07:55 AM |
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Mar 25 2020, 09:44 AM
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#4
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍
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QUOTE(seanlam @ Mar 25 2020, 09:39 AM) i think some are confused with the current as well previous policy abeit BNM direction on 6mth delayed as well banks' deferment for affected customers...... Exactly. This new one applies to allcurrent one covered everybody, while the previous one only for affected cnsumers |
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Mar 25 2020, 09:58 AM
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#5
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍
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QUOTE(whyseej00 @ Mar 25 2020, 09:57 AM) Best to contact your banker, I sent an email to him this morning and he said got meeting in HQ this morning. Will update me on results Which bank you using ah? Let us know the outcome hereThanks |
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Mar 25 2020, 01:05 PM
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#6
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍
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QUOTE(whyseej00 @ Mar 25 2020, 12:03 PM)  No need apply, automatic if met criteria (no arrears > 90 days and not cc) |
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Mar 25 2020, 01:08 PM
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#7
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Junior Member
532 posts Joined: Mar 2008 From: 🍍bikini bottom🍍
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My choices are:
Car loan- no pay House loan- no pay Keeping cash at hand for safety and back up |
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