Malaysiakini
NEWS

MOF: No extra charges for hire-purchase loan moratorium

Published
Modified 6 May 2020, 2:20 pm
36

Following discussions between the Finance Ministry and the banking sector, it has been decided that a six-month moratorium for hire-purchase (HP) loans will not result in accrued interest.

This means customers who opt to defer their repayments will not need to pay larger installments once the deferment period ends...

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.