Finance minister: Banks to waive compounded interest, penalty charges over moratorium | Malay Mail

PUTRAJAYA, June 29 — Banks will waive the compounded interest and penalty charges incurred during the six-month loan moratorium under the National People’s Well-Being and Economic Recovery Package , said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

He said the government had raised the matter with the banks during their meeting recently and they had agreed to it. “Report and complain if the banks raise a compound and charge a penalty ,” he said told a press conference here today. Yesterday, Prime Minister Tan Sri Muhyiddin announced a six-month moratorium on loan repayments for individual borrowers across all income brackets. — Bernama

24 months extension on payment.. Wow this is semacam ah long scheme

Caveat emptor

Comes with a caveat though! Please read the T n C carefully.

u could have done this earlier to reduce stress and despair for so many people...u r just AWFUL !

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Moratorium on bank loan repayments not interest free - finance ministerFinance Minister tzafrul_aziz revealed that the six-month moratorium on bank loans announced by Putrajaya yesterday would not be interest-free. The focus of the moratorium is assisting the rakyat who need to postpone their loan instalments, he stressed. tzafrul_aziz Why I'm not surprised? tzafrul_aziz Ha ha ha ha tzafrul_aziz kamu ini tak layak jadi menteri
Источник: malaysiakini - 🏆 20. / 51 Прочитайте больше »