only for SME businesses
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, 10:37 PM
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#1
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Junior Member
368 posts Joined: Oct 2008 |
only for SME businesses
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Mar 24 2020, 10:56 PM
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#2
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Junior Member
368 posts Joined: Oct 2008 |
QUOTE(Wedchar2912 @ Mar 24 2020, 10:46 PM) moratorium means delay or temporary period where no payment is required. wait, so meaning additional interest on the interest itself?however, normally interest will still be charged and after the moratorium, the payment amount will be recalculated to incorporate the accrued interest. So essentially, one would pay interest on interest accrued (ie not paid during the moratorium). Look at the letter 1 shared by Buffolo Soldier at post 89, the footnote 1. |
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