Banks to notify borrowers about deferment from Friday


Bank Negara Malaysia said on Thursday the borrowers/clients would be notified via SMS, email or registered mail from their banking institutions.

KUALA LUMPUR: Borrowers/customers with hire purchase loans and fixed rate Islamic financing will receive a notification from Friday on the steps needed to take to complete the process of deferring their loan/financing payments under the moratorium.

Bank Negara Malaysia said on Thursday the borrowers/clients would be notified via SMS, email or registered mail from their banking institutions.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bank Negara , moratorium , hire purchase

Next In Business News

Nestle invites Malaysian women to participate in MAGGI entrepreneurship programme
When cheap homes cost more
One property, 10 listings
Rental scams running rampant
China to crack down on 'illegal' cross-border securities
BANK’S PICKLEBALL CHAMPIONSHIP PROMISES WHOLESOME EXPERIENCE
MFM: Balancing growth and returns
Grad squeeze hurts economy
Tapping China’s niche consumer trend
Bubble fears as valuations stretch

Others Also Read