Breaking* BNM say no need to pay loans, for 6 months
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 Mar 25 2020, 06:23 AM
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#1
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak  
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QUOTE(ed1torz @ Mar 24 2020, 09:52 PM) only if you are directly affected lanjiao... they automatic la.. only if u don wan to postpone u can go bank say u don wan1. fired/terminated 2. unable to drive grabcar no income etc 3. etc...  |
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Mar 25 2020, 06:47 AM
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#2
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(bara bara api @ Mar 25 2020, 06:41 AM) Must have a catch one. That's why this thread is 13 pages long. bnm say is automatically applies to all individual and SME borrowers. SO if it is automatic, why they can charge us accural interest without our consent?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 |
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Mar 25 2020, 08:11 AM
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#3
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(MR_alien @ Mar 25 2020, 07:40 AM) deferred payment, that's all...it doesn't mean u get to pay less or bank is getting less...interest rate is still ongoing for this 6 deferred payment months(people need to remember this) yala.. is like a grace period la i believe, grace period that u can delay ur april payment with no financial charges until september 2020, but of coz ur tenure end date will extend for 6 months also.but the interest accural i not very understand. my understanding is, if there is additional interest incurred due to the delay of payment, this need to be consented by loanee, cannot be automatic. |
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Mar 25 2020, 03:41 PM
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#4
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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wat they mean is like that la... simply layman term:
the loan repayment is deferred. They say interest will still be accured, this mean because it doesnt mean u don have to pay for 6 months, is just a deferment. Not like bank free for u 6 months. so the 6months still need to pay later, meaning to say ur tenure will be extended. |
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Mar 25 2020, 06:36 PM
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#5
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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QUOTE(nasiputih @ Mar 25 2020, 05:04 PM) your layman is not layman. betui betui..you main bini orang. laki dia cari dan kasi pukul. you main sembunyi2. tiba-tiba, bnm kate momotoriam 6bulan. laki dia kasi freeze 6bulan. lepas 6bulan, laki dia masih nak cari dan pukul you. tapi, dalam 6bulan nie, tak pyah sembunyi2 dan boleh main bini orang lain sepuas hati seperti pas. |
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Mar 27 2020, 08:10 PM
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#6
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All Stars
10,859 posts Joined: Jan 2003 From: Sarawak
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CIMB FAQ says "Interest on conventional loans will not be compounded during the moratorium period. " so if my housing loan at CIMB is conventional loan, so there wont be any extra interest? Meaning i just don have to pay anything from 1st april for 6months then later after 6 months i only pay the same monthly installment? but tenure extend extra 6 months la..
My loan is under ambank(hire purchase), RHB(house loan islamic), CIMB(house loan conventional), Standard Chartered(Personal Loan). So far i see rhb and cimb is interest free, ambank also. but SC dunno This post has been edited by ben3003: Mar 27 2020, 08:17 PM |
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