![CIMB, Bank Rakyat loan moratorium application opens today CIMB, Bank Rakyat loan moratorium application opens today](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-07/81625646003_Moratorium.jpg)
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 push for moratorium or loan reduction from credit companies](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-06/81622646869_bas.jpg)
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 PERMAI package provides relief for transport industry players](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-09/81599482492_MenteriPengangkutan.jpg)
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 Unfair Practice Rule of 78 for early settlement of loans](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-07/41594536737_BankGeneric.jpg)
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 Moratorium: Borrowers need to inform banks on consent - Tengku Zafrul](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-05/81588926552_TengkuZafrul.jpg)
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 charges to be imposed on repayments for hire-purchase loans - MOF](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-04/41587718446_TengkuZafrul.jpg)
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
![Tiada faedah tambahan jika ambil moratorium pinjaman sewa beli - MOF Tiada faedah tambahan jika ambil moratorium pinjaman sewa beli - MOF](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-04/41587200172_TengkuZafrul.jpg)
Tiada faedah tambahan jika ambil moratorium pinjaman sewa beli - MOF
Tiada faedah tambahan akan dikenakan bagi semua pinjaman sewa beli untuk kedua-dua skim konvensional dan Shariah.
Wed May 06 2020
![HP moratorium interest cannot be higher than original contract - BNM HP moratorium interest cannot be higher than original contract - BNM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-04/41585891222_BankNegaraMalaysia.jpg)
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](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-04/71585889368_BankNegaraMalaysia.jpg)
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 Moratorium: Hire purchase customers have repayment options](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-04/51587268695_RINGGIT.jpg)
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 Govt plans to introduce hire purchase scheme for civil servants - Ali Hamsa](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-01/41484050856_TSAliHamsa.jpg)
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 Najib urges private sector to be more involved in housing for young professionals](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-03/61458315865_Najib.jpg)
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 Proton to offer attractive car ownership at Alami Proton Carnival 2015](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-09/71443169755_950x600.jpg)
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 Over 107,000 individuals declared bankrupt from 2010 to April 2015](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-06/41435247252_BANKRUPT.jpg)
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