How long is the grace period for payment of my monthly home loan instalment?

Generally, the financial institution gives a grace period of 7-14 days for you to repay your instalment payment.

Any payment received after the grace period will be subjected to late payment charges.

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

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Knowledge Base ID :   1287
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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