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KUALA LUMPUR, March 18 — The introduction of key amendments to hire-purchase financing practices under the Hire-Purchase (Amendment) Act 2026 (HPAA) marks a significant move in strengthening borrowers ...
A woman viewing a car for purchase at a Proton showroom in Jalan 223, Petaling Jaya. — AZHAR MAHFOF/The Star KUALA LUMPUR: The Hire-Purchase (Amendment) Act 2026 (HPAA) continues to allow ...
KUALA LUMPUR, March 17 (Bernama) -- The Hire-Purchase (Amendment) Act 2026 (HPAA) continues to allow hire-purchase providers to offer both fixed-rate and variable-rate loans, said Bank Negara Malaysia ...
The amended Hire Purchase Act will officially come into force on 1 June 2026, marking the end of the "Rule of 78" and flat-interest rates. This system has long been criticised for its lack of ...
Banks in Malaysia will introduce key amendments to hire-purchase financing practices following the implementation of the Hire-Purchase (Amendment) Act 2026 (HPAA), which takes effect on June 1, 2026.
Banks will offer goodwill discounts to customers who opt for early settlement of their fixed-rate hire purchase financing from June 1, in line with amendments to the Hire Purchase Act. Three ...
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Starting 1 June, the amended Hire Purchase Act will officially come into force, bringing a wave of reforms ...
The Hire Purchase (Amendment) Act 2026 will come in force on June 1 this year, four months after it was gazetted on January 30, 2026. This was revealed by the ministry of domestic trade and costs of ...
KUALA LUMPUR, March 16 — Banks in Malaysia will offer “goodwill discounts” to customers who choose to settle their existing hire-purchase loans early, starting from June 1. The industry-wide ...
(New users only) Unlock 5.5%* + 10%* p.a. promo rate for 3 months via Versa and enjoy FREE RM10 & when you sign up using code VERSAMM10 with min. cash of RM100 today! T&Cs apply. KOTA KINABALU, March ...