THE Malaysian Trades Union Congress (MTUC) today demanded that the government intervened to stop banks from charging customers additional interest on their hire purchase loans should they take up the offer of a six-month moratorium on repayment.
MTUC secretary-general J.Solomon is up in arms over the Association of Banks in Malaysia (ABM) statement yesterday which stated that customers would not be charged additional interest if they paid the accumulated six months’ deferred payments together with their October instalment.
Source : https://www.themalaysianinsight.com/s/242066