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

By LOH FOON FONG

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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Finance Minstry , Zafrul Aziz , Hire purchase , Loan moratorium , Interest

   

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