Must have a catch one. That's why this thread is 13 pages long.

I haven't read the statement by BNM but will do later and will call them first thing tomorrow.

Things I care about this is:
1. does it accrue interest for 6 months starting 1st April if automatic moratorium
2. does it affect my CCRIS
3. do I need to apply or something (asking for an individual who is a NEET)
4. what's the catch?

Although some of you already mention it doesn't accrue interest, some say got. This shit gets complicated. There must be a catch somewhere.

t. not a financial/accounting major so no kecam please

Ok so now it is logically no accrual interest and CCRIS is out of the equation.

For a layman like me, I better be ready to pay (opt out) for the second month if first month doesn't look good. Have to wait for the story to develop first I guess, it's not even 1st April yet.

Umm guys, so if I pay RM1000 monthly, then it is now paused for 6 months, do I need to pay more after the moratorium ended?

let's say, i pay RM1000 normally

then 6 months interest accrued on that loan alone

on month 7, my monthly payment will be readjust with the accrued interest + tenure will also be readjusted, right?

so it is now RM1010 something until my new tenure is completed? or is it the same amount, but only tenure is extended?

note: all figures are example, i don't math on this one.

ya i don't think it's paying lump sum interest on the 7th month. could be it readjusted so it spreads across the rest of the tenure. idk