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Does the bank have the right to charge my home loan account for any miscellaneous charges incurred by them such as late payment charges, legal costs, insurance, etc?

The financial institution's power to impose charges on your account is normally indicated in the Terms and Conditions of the loan.

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Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)


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Knowledge Base ID :   1286
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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