A layman’s explanation to the loan moratorium on hire purchase loans (because it’s so easy to get ourselves confused also lah!)

Following the announcement made on 1 May 2020 by Prime Minister YAB Tan Sri Muhyiddin Yassin of the Conditional Movement Control Order (CMCO) on 1 May 2020, Bank Negara Malaysia (BNM) also announced that the 6-month moratorium on bank loans will now accrue interest of the course over the deferment period.    To the layman… read more

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