`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Thursday, April 30, 2020

Moratorium: Banking institutions to give clear information, process and changes - Bank Negara

Malaysiakini

Bank Negara has required banking institutions to take appropriate steps to ensure that borrowers/customers are provided with clear information on the process and changes to the terms of their agreements.
In a statement, the central bank said banking institutions should also roll out convenient means to conclude these agreements because of the movement control order (MCO).
Starting from May 1, 2020, borrowers/customers with hire purchase (HP) loans and fixed-rate Islamic financing will receive a notification via SMS, email or registered mail from their banking institutions on the necessary steps that they need to take to complete the process of deferring their loan/financing payments under the moratorium.
“Banking institutions will also provide to each borrower/customer-specific details of changes to the terms of his/her HP loan or fixed rate Islamic financing agreement. 
"This should contain information on the revised payment schedule and any changes to payment amounts, including those arising from normal interest/profit rate accrued during the moratorium,” Bank Negara said.
Borrowers/customers who do not wish to take up the moratorium can still choose to do so at this time by informing their banking institutions and resuming their scheduled payments based on the terms of their existing agreements, it explained.
In such a case, borrowers/customers will be given reasonable time by banking institutions to regularise any outstanding scheduled payments that were earlier deferred under the moratorium.
Banking institutions will not impose overdue or late payment charges on these payments until they are due based on the revised payment schedule agreed with borrowers/customers, Bank Negara pointed out.
To recap, Bank Negara said following an announcement on March 25, banking institutions are in the process of formalising agreements which reflect the revised payment terms with borrowers/customers with HP loans and fixed-rate Islamic financing to give effect to the 6-month moratorium on loan/financing payments.
This, it said is to comply with the procedural requirements under the Hire-Purchase Act 1967 and Shariah requirements which apply to any changes that are made to the terms of these agreements, including changes to the payment schedules and/or amounts as a result of the moratorium.
Borrowers/customers are encouraged to refer to the websites, internet banking portals or call centres of their banking institutions for further information. - Bernama

1 comment:

  1. I am really happy that i have been cured from (HERPES SIMPLEX VIRUS) with the herbal medicine of Dr Aire , i have been suffering from this disease for the past 3 years and 4 mouth without solution until i came across the email of this doctor who have cure so many people with his herbal medicine, i also choose to give him a chance to help me and my husband, he told me what to do and i kindly did it, and he gave us his herbal medicine and direct me on how to use it, i also follow his instructions for use and he ask us to go for a check up after 1 week and 5days which i did, to my greatest surprise our result came out as negative, we are really happy that there is someone like this doctor who is ready to help anytime any day. To all the readers and viewers that is doubting this testimony stop doubting it and contact this doctor if you really have one and see if he will not actually help you. i am not a stupid woman that i will come out to the public and start saying what someone have not done for me and i know that there are some people out there who are really suffering and hurting their family just because of these diseases so you can to mail him on drairehome@gmail.com or WHATSAPP +2347036740271 he also told me that he has cure for these diseases listed below .
    HERPES SIMPLEX VIRUS.
    .DIABETES .
    CANCER
    .HEPATITIS
    .HIV/AIDS
    Thank you for your time  

    ReplyDelete

Note: Only a member of this blog may post a comment.