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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MCO , ABM , Banks , Hire-purchase , Moratorium

   

Next In Nation

It was a collective decision, says Zahid on settling suit against Muhyiddin
KKB polls: Four-cornered fight for Selangor state seat
Education institutions founded by MCA to collaborate with more Chinese universities
Man arrested, yaba pills worth over RM12,000 seized
Skywatchers out in force
Photo gallery: KKB by-election Nomination Day
KKB by-election: Live updates
AI content must not cross the line
The teacher who went the extra mile
Mum disowns son over loan shark debts

Others Also Read