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Arctic Kee
's comment on
PBBANK
.
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Arctic Kee
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Since no loan instlm received for 6 mths, would bank still accrual interest income during these six mth period?
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6 years
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Lai Wei Han
Yup. Interest compounding still.. Better chose opt2 to repay the installment monthly
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6 years
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Leslie Lee Yoke Chai
No, interest not compounding during moratorium period
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6 years
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Lai Wei Han
@leslie thanks for info :)
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6 years
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Arctic Kee
If bank not taken in 6 mths loan int income, bank will suffer huge loss in Q2
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6 years
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Leslie Lee Yoke Chai
@Arctic,bank still charge interest during the 6 months. But not the interest on interest. That is not compounding interest.
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6 years
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