MTUC sec-gen blasts 'inhumane' Bank Negara hire purchase move

Published: May 1, 2020 10:36 AM

Malaysian Trade Union Congress (MTUC) secretary-general J Solomon has blasted Bank Negara following its announcement on the procedural change for the six-month moratorium for hire purchase (HP) and fixed-rate Islamic financing yesterday.

In FAQs issued today, the central bank denied it had reversed its decision on the six-months payment deferment for both loans....

J Solomon believes that it will result in many borrowers being penalised with additional charges.

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BNM’s ‘oversight’ leads to additional step for hire purchase loan moratorium

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

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