Breaking* BNM say no need to pay loans, for 6 months
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 Mar 24 2020, 11:06 PM
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#1
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Elite
2,036 posts Joined: Feb 2007 From: KL  
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QUOTE(submergedx @ Mar 24 2020, 10:59 PM) abang, interest and principal Not the first time there was a moratorium. There was one when malaysia had that big flood some years back. No bank collapsed.you think bank no need cash flow ah?  |
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Mar 25 2020, 07:56 AM
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#2
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Elite
2,036 posts Joined: Feb 2007 From: KL
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QUOTE(meteoraniac @ Mar 25 2020, 07:25 AM) ok read few times the bnm notice Interest would be accrued, and it depends on the bank whether to extend your tenure or increase your monthly repayment amount. Credit cards are excluded (because its essentially a risky unsecured loan).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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