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Hire Purchase VS Easy Payment scheme

272 Views  ⚫  Asked 1 Year Ago
asked on Sep 16, 2016 at 15:44
by   ccyong898
edited on Mar 13, 2017 at 08:24
 
Hire Purchase is governed by Kementerian Perdagangan Dalam Negeri Koperasi dan Kepenggunaan (KPDNKK) which is legislated under Hire Purchase Act 1967.
However, who is governing for easy payment scheme? Such as Aeon Credit Service has easy payment scheme for motor vehicle financing. Thank you.
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1 Answers

answered on Mar 9, 2017 at 02:37
by   DeCham
edited Mar 13, 2017 at 08:27
 
There is no specific law governing the easy payment schemes in Malaysia. The terms in the agreement you sign and the Consumers Protection Act 1999 are applicable. The Consumer Protection Act 1999 is enforced by the Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK).
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