Public Bank Islamic Hire Purchase Moratorium

Hire purchase aitab hp i account number nric business reg no passport no foreigner telephone no hand phone no.

Public bank islamic hire purchase moratorium. The following is the faq issued by the central bank this morning. Public islamic bank berhad. On april 30 bank negara malaysia bnm said starting from may 1 bank customers with hire purchase loans and fixed rate islamic financing will receive a notification on the steps they must take to complete the deferment process under the six month moratorium on loan and financing payments. 01 may 2020 the bank has released a set of frequently asked questions on operationalisation of moratorium for hire purchase loans and fixed rate islamic financing.

This applies to those with housing fixed term overdraft and hire purchase loans however customers who are undischarged bankrupts or have financing in arrears for 90 days and more are not eligible for this aid. I we refer to the above captioned hire purchase account. General inquiries feedback telephone email address operating hours. I we hereby confirm to take up the hp moratorium scheme.

Hire purchase aitab hire purchase i 6 months automatic moratorium hp moratorium to assist hirers affected by covid 19 updates pursuant to ministry of finance announcement on 6 may 2020 there will be no interest or charges on the deferred instalment. Individuals who have lost their jobs in 2020 and are still currently unemployed qualify for a 3 month moratorium extension from october to december 2020. Public islamic bank gives no warranty as to the entirety accuracy or security of the linked web site or any of its content. Public islamic bank shall not be responsible or liable for any loss or damage suffered or incurred whether directly or indirectly for any content of or any transactions entered via the linked web site.

Faqs on operationalisation of moratorium for hire purchase loans and fixed rate islamic financing release date. Bank negara malaysia has issued an faq to respond to the public s queries on the six month moratorium granted on hire purchase loans and fixed rate islamic financing. Kuala lumpur may 1. In this new statement it says borrowers will be required to go through some steps based on the bank s instructions to complete the process of opting into the moratorium.

It was previously announced that the six month payment deferment for hire purchase hp and fixed rate islamic financing is automatic.