Banks to notify hire purchasers on loan moratorium procedures


PETALING JAYA: The Association of Banks in Malaysia (ABM) 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.

This follows a Bank Negara statement yesterday saying borrowers can expect to be notified via SMS, email or registered mail by their respective banking institutions.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

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!

coronavirus pandemic , Bank Negara , loans ,

   

Next In Nation

Chief Secretary's calls for overhaul of rules in civil service timely, says Lee Lam Thye
Dengue cases decline in ME35, four deaths reported
Ahmad Zahid to discuss extension of visa-free stay for Malaysians visiting China
All work at Sungai Rasau water plant halted after embankment collapse
Father of Barisan Mahkota candidate in induced coma
Government decisions will protect both Muslims and non-Muslims, says Anwar
Children, woman infected with rotavirus after recreational park visit
Cops refute celebrity’s allegations for lack of investigation into cheating case
Consolidated efforts vital to empower youth to thrive for country’s development, says Sabah CM
Lower toll rates possible with controlled highway development, says Anwar

Others Also Read