Breaking* BNM say no need to pay loans, for 6 months
|
|
 Apr 3 2020, 10:58 PM
Return to original view | IPv6 | Post
#1
|
 
Newbie
4 posts Joined: Sep 2004 
|
Hi.. have some doubts
1) i'm with CIMB flexi home loan. Usually I pay double the monthly installment got finish the loan faster. How does this moratorium help? N what happens if I just still continue paying my usual installment without opting out? Which is better? To opt out or opt in but continue paying? 2) for hire purchase, what happens if I continue paying without opting out? |
|
|
Apr 4 2020, 07:24 PM
Return to original view | IPv6 | Post
#2
|
|
Newbie
4 posts Joined: Sep 2004
|
QUOTE(submergedx @ Apr 4 2020, 11:44 AM) If you have non-cash flow issue for the next 6 or 12months, why not keep paying? 6months and your double pay behavior, can save up a lot of interest, i bet it will atleast shorten 3-5yrs loan tenure for this loan memorandum. Thanks! Do I need to manually opt out? Or I can just continue paying the loans?The purpose BNM announced this campaign is to help people keep cash to living. If you have nothing to worried about at all, you can always keep on paying.  |
| Change to: |  0.0296sec
 0.62
 7 queries
 GZIP Disabled
Time is now: 5th December 2025 - 05:56 PM |
Quote