CIMB, Bank Rakyat loan moratorium application opens today
Customers can also opt for a three-month moratorium for hire purchase facilities.
Wed Jul 07 2021
Bus operators push for moratorium or loan reduction from credit companies
Bus operators are urging credit companies providing loans or hire purchase instalments to consider adopting a moratorium as announced by the government or at least reduce the loan repayments.
Wed Jun 02 2021
PERMAI package provides relief for transport industry players
This will allow bus and taxi operators to restructure their financing and enjoy a 12-month moratorium and lower monthly repayments.
Tue Jan 19 2021
Unfair Practice Rule of 78 for early settlement of loans
Why is Malaysia allowing this Rule to be practised by our banks?
Sun Jul 12 2020
Moratorium: Borrowers need to inform banks on consent - Tengku Zafrul
Although the moratorium is automatic starting April 1, the borrowers' consent is still legally required.
Fri May 08 2020
No additional charges to be imposed on repayments for hire-purchase loans - MOF
No additional interest/profit charges will be imposed on borrowers with conventional hire-purchase loans or Islamic fixed-rate financing during the six-month moratorium period.
Wed May 06 2020
HP moratorium interest cannot be higher than original contract - BNM
Any additional interest that some banks may charge on the deferred payment cannot be higher than the original hire-purchase contract signed, Bank Negara Malaysia (BNM) said.
Fri May 01 2020
FAQs on Hire-Purchase and Fixed Rate Islamic Financing Products
FAQs on Hire-Purchase and Fixed Rate Islamic Financing Products
Fri May 01 2020
Moratorium: Hire purchase customers have repayment options
Hire purchase customers who choose to take up the six-month moratorium from April 1 to Sept 30, 2020 will have an option in terms of repayment, says the Association of Banks in Malaysia (ABM).
Thu Apr 30 2020
Govt plans to introduce hire purchase scheme for civil servants - Ali Hamsa
The government plans to introduce a Hire Purchase Scheme to help civil servants, especially new staff, to own their first home, said Chief Secretary to the Government, Tan Sri Ali Hamsa.
Tue Mar 28 2017
Najib urges private sector to be more involved in housing for young professionals
He said the projects needed to be more flexible and unique, including using the hire-purchase system suited to the financial position of the group.
Fri Mar 18 2016
Proton to offer attractive car ownership at Alami Proton Carnival 2015
Special rebates on selected cars, fast approval for hire-purchase financing and high trade-in value for used cars will be available.
Fri Sep 25 2015
Over 107,000 individuals declared bankrupt from 2010 to April 2015
Among the main causes that led to bankruptcy are failing to pay for vehicle hire purchases, housing loans, personal and credit card loans, business loans as well as those who became guarantors.
Thu Jun 25 2015
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024