KUALA LUMPUR: Malaysia’s banks will offer goodwill discounts for early settlement of existing fixed-rate hire-purchase agreements following the Dewan Negara’s passing of the Hire-Purchase (Amendment) Bill yesterday.
In a joint statement today, the Association of Banks in Malaysia (ABM), the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), and the Association of Development Finance Institutions of Malaysia (ADFIM) said the collective initiative aims to support affected customers ahead of the implementation of the Hire-Purchase (Amendment) Act (HPAA).
