BSN - http://www.astroawani.com/berita-bisnes/co...pinjaman-234206

MBB - http://www.astroawani.com/berita-bisnes/ma...covid-19-233978

Tekun, Bank Rakyat, SME - https://www.bharian.com.my/bisnes/lain-lain...tangguh-bayaran

Alaikumussalam wbt

As I was made to understand, the moratorium is on the loan repayment, not on the investment certificate. Which means it is "beneficial" to you in that you are exempted from paying the installments for the time being. Your interests will simply pile up but at least you get to live. Once this is over I expect that they will ask you to pay extra on top of your installments each month to cover the interests that has been piling up.

I am quite sure however, that your certificate with PNB remains in tact and you would be earnin the distribution on 2nd January 2021, whatever it is.

Yes, if you do not pay your installment, how would your loan principal (or loan balance) be reduced? In fact, as how I was made to understand your bank will continue to charge interests on the loan balance (reducing balance interest calculation, the interest is calculated based on your loan balance), of which you will likely have to pay after this is over - the only difference between the banks would be how would they calculate your repayment of the interests?

I doubt they would ask you to pay them all in lump-sum, it would probably be amortized over your remaining tenure and you would have to pay more in terms of your installment. This is something no one yet knows how the bank go about.

In general, yes I would say to get the moratorium if you qualify for it. You do not know what will happen in the next few months, if you can afford to set money aside, do so, perhaps buy the discounted counters (equities)... keep in mind, this is all unprecedented. I can only help in terms of the technicals, but in terms of managing your portfolio? Well none of you are paying me to do that are you?

Wait, yes, some of you are based on my other consultancy activities. Hahaha

When I asked some officers they said it would be "forgiven" and it would not be shown as late payment. Banks have to update BNM on their customers' repayment records, with the moratorium it should arranged right. But please ask the officer you are applying this from.

In the worst case scenario, even if you CCRIS is affected and you want to apply for a new loan in the future you can:

1. make a full settlement of the ASBF anytime as your loan balance should be lower than your ASB certificate value
2. use the moratorium document as proof of your "delinquency"
3. just pay your installments on time for a year, the 6 months non-payment (if any) will be rolled over

I would go for this one, it is the best option.

"Maintain existing instalment and loan tenure, to settle differential sum at final instalment / Mengekalkan amaun ansuran dan tempoh pinjaman. Baki berlebihan akan dijelaskan pada bulan ansuran terakhir"

https://www.thestar.com.my/business/busines...-for-six-months

Its out guys. Automatic moratorium but the banks will have their say on how to implement it, but they have to be clear about it

Which one will you choose?

buggie got it right. Different banks have different ways for you to settle the accrued interests

But here are the general ways:

1. It will be capitalized into your loan , so your installment will increase while tenure will remain the same (plus 6 m)

2. You will pay for it in lump sum at the end of the moratorium (installment and tenure remain the same plus 6m)

3. It will be paid at the end of the tenure, but it will be compounded for forever long your tenure is left (tenure increased, installment remain the same)

1. Sure mate. You have to pay everything that is due to them. The accrued interest is something you definitely have to pay, by hook or by crook - i.e. by capitalising it into the loan thus increasing your loan balance (which you have to settle once you need to cancel the loan) or by paying it in lump sum which I have explained above.

2. Ah, that is the point of the moratorium. That you do not have to pay the principal of the loan (loan balance) back to the bank. It helps you a little bit. If you want to pay the principal, and since you need to pay the interest anyway, then just pay the installment as normal lah! This moratorium has the purpose of easing you M40 and some of us T20 with cash-flow in these dire times. Cash-flow is king, it makes or breaks you as a person and as an enterprise. Essentially the moratorium allows your tenure to be extended, so you would not be too fcuked up with loan repayments/installments

3. If you have already started rolling, wouldn't you already have cash in hand from the distribution in Jan 2020 that you used to pay off the loans for the next 12 months? If yes, then the point is moot. If you are just starting out, then I would say to take the moratorium, and see how shit goes in Malaysia six (6) months from today. If everything is fine and dandy, then you can go ahead and pay the accrued interests in lump sum if you do not want your installment to be increased over the remaining of your tenure; in the event that it is NOT fine and dandy, at least you still have money that you have not used to pay the installment, to buy food during an era of hyper-inflation or something

I should write an ebook.

what i can conclude from here is.. should you take the moratorium or not? the answer is OPTIONAL

it really depends on you, if you are affected by Covid 19, go for it

if you have the money, just continue paying monthly or you can go for moratorium as well..

the banks are giving you the options here..

as for me, im going to take the deferment, eventhough my income does not affected by Covid 19, im going to put the money somewhere else.. maybe charity 

I think this only applies for hire purchase loans and fixed rate loans right? Not ASBF

If you qualify.....Yes, but Talk to your bank first to confirm no additional costs or fees to be borne.. Also interest “catch-up” & repayments how?...if all good to you? Then take... if extra and you’d rather not cuz can afford? Then don’t extend. Resume payment. Banks have had (still have) some time to strategise proper. Be sure, they won’t be caught unawares by then.

We're you able to extend the 3 month moratorium? Is it u don't have to pay installment or only pay profit/interest amount?

It’s good advice cuz it should be the least damage. That’s of course for those who aren’t presented with the option to simply extend by another 6 months. It’s all about the numbers and for now, we don’t know exactly how it’ll fall. Generally, monthly repayment amount is more than interest charged per month. So if for example you pay RM900 but interest is RM750. If extend by 6 months and not paying extra to offset the accrued interest.. You’ll end up rugi about RM150 X 6. This in the long run can be considered insignificant la.. But who’s counting is counting..

There’s an option I’m hoping they’ll offer.. Total the accrued interest and divide evenly by 6.. Then add that plus normal monthly repayment amount...deduct normally via SI.. All accrued interests during the moratorium should then be settled in the next 6 months. After which all returns back to normal AND ideally with no extra charges or penalties. Seems to me like a win win sorta situation..No?