She was responding to a report on borrowers needing to sign papers which may allow banks to charge additional interest.
law minister Azalina Othman Said has taken a jab at Finance Minister Tengku Zafrul Tengku Abdul Aziz over the latest change in procedure for the six-month loan moratorium for hire purchase agreement and fixed-rate Islamic financing.
Taking to Twitter last night, she said: "This is when the finance minister is not a people's representative but a representative of the bank?"...
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moratorium: Banking institutions to give clear information, process and changes - Bank NegaraBanking institutions urged to roll out means to conclude loan/financing payments under the moratorium.
Read more »
Banks to explain six-month loan moratorium to hire purchase customersPETALING JAYA: The Association of Banks in Malaysia (AMB) and its member banks will be notifying their respective hire purchase customers on the procedures for the six-month loan moratorium announced by Bank Negara Malaysia Thursday (April 30).
Read more »
Banks formalising Covid-19 moratorium on loans, financing plans | The Malaysian InsightBorrowers and those on financing plans will also be provided clear information on how to finalise their payment deferral.
Read more »
BNM’s ‘oversight’ leads to additional step for hire purchase loan moratoriumFinancial institutions are expected to make announcements on Friday about policy changes for customers who want to go ahead with the moratorium.
Read more »
Confirm acceptance of moratorium on loans, banks advise customersBanks will communicate with their customers on the exact procedures they will need to follow to take up the moratorium on loans. FMTNews moratorium Loan
Read more »
ABM: Hire purchase customers have repayment options for moratorium | Malay MailKUALA LUMPUR, April 30 — Hire purchase customers who choose to take up the six-month moratorium from April 1 to September 30, 2020 will have an option in terms of repayment, says the Association of Banks in Malaysia (ABM). In a statement today, ABM said relevant customers could choose to pay the...
Read more »