"It has been agreed that the amount of monthly instalment payments will not change for hire-purchase (conventional and shariah-compliant) borrowers throughout the financing period," Finance Minister Tengku Datuk Seri Zafrul Aziz said.
KUALA LUMPUR: The Finance Ministry (MoF) and the banking industry have reached an agreement to waive additional interest and profit charges for hire purchase financing, both conventional and Islamic, during the six-month moratorium period.
The agreement means there won't be any changes to the monthly hire-purchase repayment amount.
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