BNM stressed that the payment deferment is still automatic for HP and fixed rate Islamic financing, adding that what is required now is an additional step to comply with procedural requirements under the Hire-Purchase Act 1967 and Shariah. — Picture by Yusof Mat Isa
In its explainer, BNM stressed that the payment deferment is still automatic for HP and fixed rate Islamic financing, adding that what is required now is an additional step to comply with procedural requirements under the Hire-Purchase Act 1967 and Shariah. BNM added that the misperception arose, due to an illustration provided in an initial version of the FAQs, “where certain assumptions and caveats were made.”“Our illustration was not intended to preclude interest charges accrued on the deferred loans.
Financial website, Ringgit Plus, reported that the press release had “hinted of a big change that will affect millions of Malaysians currently servicing car loans or Islamic financing.” This was seen as a departure from what was announced initially, where customers are only asked to opt-out of the deferment, should they want to continue servicing their loans with their banks, as otherwise, banks would grant an automatic deferment.
In the statement, it said that HP loan customers who choose to take up the moratorium, will have two options in terms of their repayment. whereby they can either choose to pay the accumulated 6 months’ deferred instalments together with their October 2020 instalment without being charged any additional interest or continue the repayment of these instalments post October 2020 through an extension of 6 months in repayment period after the original maturity date.
Because initial FAQ, there's nothing extra, told to be paid. Unlike your new 1st May FAQ, you also consider interest too. Shame on you. Just said it at first place that people need to pay the interest, stop using 'nothing pay' sentences as usual. Everyone knows banking words
Waiting for PM to clarify all the issues which people are asking not cik kiah selling cookies or whatever stories... straight to the point. He PM have announced so many things under the name 'Bantuan Prihatin' but now everything is haywire. we are waiting
tau pun
Why BNM is like this? I thought there are many scholars working & thinking for BNM all the while...or does that means there's a lot of confused people working in BNM which resulted the current confusion right now 🤔🤔
Unforgivable
Friend: What happens if we all (every malaysian) decided not to pay. What happens then? Me: They take away our car.. then what? Friend: they can shove it.
Very² 'intelligent' guys. Bravo! Syabas! 👏👏👏👏👏
We too have to express our regrets that in this pressing times, we have knuckleheads who spins this issue beyond comprehension.
Kepala hotak xde u-turn - mmg patut dijangka kerajaan belakang mari ni pakar dengan keja² sebegini. Pada 30 Mac, MBB pun letak macam ni lg - baca No.13,14 & 15, perenggan 2. - Jumlah ansuran x tukar - Tiada faedah tambahan - Hanya tempoh dilanjutkan 6 bulan (tempoh penangguhan)
Story short is this is a usless goverment and incapable people working on top plus its a backdoor gov what rakyat can expect..... Only blame to those supported this gov
Kepala hotak xde u-turn Pada 30/3/2020, Maybank pun letal macam ni lg - tgk No.15, perenggan 2
Shame on u Bank Negara!
Bank Negara now infected with Stuvid-19 aka moronavirus, just like the back door government.
Syukur kerajaan melayu isley dh menang. Tapi ni mesti salah DAP lagi.
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Source: malaysiakini - 🏆 20. / 51 Read more »