Zafrul: Banks to waive compounded interest | TheStarTV.com

Zafrul: Banks to waive compounded interest

Published on 29 Jun 2021 8:57:46 PM

The latest loan moratorium under the RM150bil Pemulih package will not be interest free, but it would help borrowers by deferring the repayment to a later date.

However, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz told a virtual press briefing on Tuesday that the banks will waive the compounded interest or the interest charged on interest accrued during the six-month moratorium period, as well as any penalty charges.

He said the method of repayment is between the borrowers and the banks.

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Keywords
news, tengku zafrul, business, loan moratorium, malaysia, pemulih, bank, interest

The latest loan moratorium under the RM150bil Pemulih package will not be interest free, but it would help borrowers by deferring the repayment to a later date.

However, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz told a virtual press briefing on Tuesday that the banks will waive the compounded interest or the interest charged on interest accrued during the six-month moratorium period, as well as any penalty charges.

He said the method of repayment is between the borrowers and the banks.

Read more at https://bit.ly/3dqeGVJ

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, tengku zafrul, business, loan moratorium, malaysia, pemulih, bank, interest

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