Still on this topic to follow up with the announcement by Bank Negara Malaysia (BNM) on the sudden change of procedures on hire-purchase loans (car loans). Yes. You have to 'act' and 'reply', if you want to opt-in to defer your hire purchase loan.
If you missed out on our previous posts on this same topic, here you go:
- A Big U-Turn on Moratorium for Hire-Purchase Loans? (30 April 2020) (click here to read)
- FAQs on Hire-Purchase and Fixed Rate Islamic Financing Products (1st May 2020) (click here to read)
A quick recap:
If you want to opt-in, here is the different practice imposed by various banks:
- Who is eligible?
The HP 6-month moratorium is granted to all individual and SME customers, with Conventional & Islamic Ringgit Malaysia denominated loans / financing which are in arrears for not more than 90 days as at 1st April 2020.
If you want to opt-in, here is the different practice imposed by various banks:
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| https://www.affinonline.com/AFFINONLINE/media/assets/announcement/ConsentOptInFormHP.pdf |
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| https://ambank.amonline.com.my/loanmora |
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| https://www.hlb.com.my/en/personal-banking/home/opt-in-without-mobile.html |
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| https://www.pbebank.com/forms/confirm_Moratorium.aspx |
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