Toyota Capital Malaysia has officially stated that it will be granting an automatic six-month payment holiday (deferment or moratorium) to its customers (individual or SME) from April 1 to September 30, 2020. The move is in line with the Bank Negara Malaysia’s initiative that was announced on Wednesday (March 25), despite the company being a non-banking financial institution but a credit service provider instead.
“We are doing our part in easing the financial constraints of our customers arising from the Covid-19 pandemic and remain committed in supporting the economy during these exceptional circumstances,” the company said in a FAQ issued.
The only condition to be eligible for this relief scheme is customers must not have any loan/financing payments in arrears (owing) for more than 90 days from April 1. The loan repayment deferment arrangement will not impact any customer’s records with Toyota Capital Malaysia, in CCRIS, or any other financial reports. Those who qualify will automatically benefit from the moratorium (no action required), but if you wish to opt out from the scheme, you may write in to [email protected].
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Kudos to toyota capital malaysia
Gotta made the right choice next round. Toyota
Errr…Toyota capital my would also benefit to the consumers too.
Much better than TC Capital. Now all Nissan owners confirm butt hurt. Next vehicle will not be a Nissan/Renault/Subaru for sure.
Instead of deferring payments for 6 months, these banks should just offer interest free payments during these 6 months. All payments made during these 6 months will be 100% principal. No payments for 6 months is a very bad idea: car value will continue to decrease but outstanding loan stays the same, so the owner gets deeper underwater on the loan. Bad.
I agree with your point 100%, idk why people have downvoted you. Probably Toyota salesmen lol.
Hmm….really, something have to tell you in the story. One of the article in lexus recalls fills with one troll using many dupes badmouthing about toyota, proton, mazda with 1600 upvoting for one troll and nearly 1600 downvoting for others. What a shame….
BUT NOT FROM KUNTA
Probably newme is only one troll that badmouths about toyota, proton or mazda BUT NOT FROM KUNTA
This is the message sent by BMW Credit today –
RM0 As an independent credit provider, BMW Credit continues to accept monthly instalments based on contract schedules. For enquiries : [email protected].
saya dah hantar maklum balas tentang penangguhan bayaran selamat 6 bulan sepanjang PKP tetapi saya tidak mendapat maklum balas daripada Pihak Toyota Capitol