Breaking* BNM say no need to pay loans, for 6 months
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 Mar 24 2020, 09:55 PM
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QUOTE(Emily Ratajkowski @ Mar 24 2020, 09:45 PM) KUALA LUMPUR, March 24 — Bank Negara Malaysia (BNM) tonight has ordered an automatic six-month moratorium on all bank loans — except for credit card balances — for those affected by the Covid-19 outbreak. So does this mean we need to apply to our bank? Why cant they just give it automatically to everyone.... |
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Mar 24 2020, 10:04 PM
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QUOTE(wild_card_my @ Mar 24 2020, 10:00 PM) Moratorium is just a cease of activity which can be resume, interest will be accrued, and you will have to pay them in the future. the banks will not eat this loss. You don't pay, the bank will still repossess your collaterals, or black list you, or sue you to bankruptcy, or ALL OF THE ABOVE I noobSo that means loan actually get extended by 6 months And... the final amount I pay to bank (principal + interest) is still the same with or without this moratorium? This post has been edited by red4900: Mar 24 2020, 10:05 PM |
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