Banks to explain six-month loan moratorium to hire purchase customers

PETALING 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).

In a statement released by ABM Thursday, it said hire purchase customers who had already notified their banks about continuing payment since March 25 need not take any further action.