Each monthly instalment to the home loan consists of credit towards the principal amount and a portion for interest to the bank. The moratorium is temporarily stopping repayment of both.
Breaking* BNM say no need to pay loans, for 6 months
Breaking* BNM say no need to pay loans, for 6 months
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Mar 24 2020, 10:47 PM
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#1
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Senior Member
2,215 posts Joined: Oct 2010 |
Each monthly instalment to the home loan consists of credit towards the principal amount and a portion for interest to the bank. The moratorium is temporarily stopping repayment of both.
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Mar 24 2020, 11:04 PM
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#2
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2,215 posts Joined: Oct 2010 |
Where does it say that proof is required ?
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Mar 25 2020, 11:00 AM
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#3
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2,215 posts Joined: Oct 2010 |
6 mths moratorium is just a pause in installment payments. The interest daily rest calcs still jalan as is.
For car loans, the end date just shifts back 6 mths |
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