BNM: Hire-Purchase (amendment) Act 2026 allows fixed, variable rates, adopts fairer reducing balance method

Act 2026 (HPAA) continues to allow hire-purchase providers to offer both fixed-rate and variable-rate loans, said Bank Negara Malaysia (BNM).
Paul Tan's Automotive News

Hire Purchase (Amendment) Act 2026 comes into force on June 1 – no more flat rates and Rule of 78 method

Act 2026 will come in force on June 1 this year, four months after it was gazetted on January 30, 2026. This was revealed by ...
BERNAMA

Hire-Purchase (Amendment) Act 2026 Allow Providers To Offer Fixed Rate, Variable Rate Loans -- BNM

Act 2026 (HPAA) continues to allow hire-purchase providers to offer both fixed-rate and variable-rate loans, said Bank Negara Malaysia (BNM). The central bank said customers will continue to have the ...

Banks introduce goodwill discounts for early settlement of hire-purchase loans from June

Banks in Malaysia will introduce changes to hire-purchase financing practices following the implementation of the Hire-Purchase (Amendment) Act 2026 (HPAA), which takes effect on June 1, 2026.