ABM: Hire purchase customers have repayment options for moratorium | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

KUALA LUMPUR, April 30 — Hire purchase customers who choose to take up the six-month moratorium from April 1 to September 30, 2020 will have an option in terms of repayment, says the Association of Banks in Malaysia (ABM). In a statement today, ABM said relevant customers could choose to pay the...

Thursday, 30 Apr 2020 08:08 PM MYT

In a statement today, ABM said relevant customers could choose to pay the accumulated six months’ deferred instalments together with their October 2020 instalment without being charged any additional interest. ABM said banks will also communicate the relevant deadlines, as well as the method they will adopt to ensure minimal inconvenience to customers on the acceptance process.

However, ABM said its member banks will not impose any additional interest charges nor late payment fees for instalments that remain outstanding for April and May 2020 by hire purchase customers who had deferred their monthly instalment payment, provided that payments for April, May and June 2020 are made no later than June 30, 2020.

It said its member banks will communicate with their impacted customers on the exact procedures they will need to follow to take up the moratorium, as well as the instalment payment options available to them once the six-month moratorium is over.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cakap terbalik again. What the hell!!?

Makcik kiah tunggu PM baca doa infront of national TV. Sedih2. Keluar air mata

Another flip flop. And no explanation. The rakyat will never forgive you. No backbone, only backdoor.

What a Uturn by backdoor people's! They are just adding more hardships to already suffering 'Rakyat'! It's like adding oil to burning fire!

Wow!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banks to explain six-month loan moratorium to hire purchase customersPETALING JAYA: The Association of Banks in Malaysia (AMB) and its member banks will be notifying their respective hire purchase customers on the procedures for the six-month loan moratorium announced by Bank Negara Malaysia Thursday (April 30). The bank should be prudent in doing this. In the first announcement they just said the payment payment period just extended for 6 month. Now either pay full after 6 month or they will charge interest on outstanding amount? bnm what la BNM_official sounds like we just enter a spam scheme when the first announcement said it can be extended for 6months BNM_official this is dick move. Up urs.
Source: staronline - 🏆 4. / 75 Read more »

Banks to explain six-month loan moratorium to hire purchase customersPETALING JAYA: The Association of Banks in Malaysia (AMB) and its member banks will be notifying their respective hire purchase customers on the procedures for the six-month loan moratorium announced by Bank Negara Malaysia Thursday (April 30). The bank should be prudent in doing this. In the first announcement they just said the payment payment period just extended for 6 month. Now either pay full after 6 month or they will charge interest on outstanding amount? bnm what la BNM_official sounds like we just enter a spam scheme when the first announcement said it can be extended for 6months BNM_official this is dick move. Up urs.
Source: staronline - 🏆 4. / 75 Read more »