Finance Minister urges banks to waive accrued interest during HP loan moratorium period


Finance Minister Tengku Datuk Seri Zafrul Aziz

KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Aziz has suggested that accrued interest or profit imposed by financial institutions on hire purchase customers be waived during the six-month moratorium period.

He said there were banks that offered the loan moratorium without charging accrued interest or compounded interest on the loans.

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