Tag Archives: hire purchase loan

BNM FAQs – Understanding About Moratorium For Hire Purchase Loan & Fixed Rate Islamic Financing

  With the latest announcement from Bank Negara Malaysia (BNM) and the Association of Bank in Malaysia (ABM) yesterday 30 April 2020, hire purchase loan and fixed rate islamic financing will now have an additional Interest/Profit charged after during the 6 months moratorium on all Banks starting from 1 May 2020.   Which means that […]

Malaysia Banks Moratorium – The 6 Months Deferment For All Loans

Bank Negara Malaysia (BNM) on 24 March 2020, announced an automatic 6 months moratorium on all Bank loans starting from 1 April 2020 to assist Borrowers who are facing temporary financial difficulties due to the Covid-19 outbreak. The deferment relief package allows small and medium enterprises (SMEs) and individuals to delay their loan repayment up […]