Topic
#bank negara malaysia
3 articles
Checking Your Own Credit Report in 2026: The CCRIS That Costs Nothing, the RM27.90 That Repackages It, and Why Nobody Can Blacklist You
Bank Negara Malaysia gives every registered Malaysian their own CCRIS report free through eCCRIS, and since 2022 the registration itself is done online with a RM1 transfer that is refunded within two working days. CTOS sells a Full Credit Report at RM27.90 whose headline feature is the same CCRIS data, plus a score BNM does not produce. Its free Basic Report, two a year, carries the litigation, bankruptcy and SSM layer that CCRIS does not hold. And the regulator's own FAQ says plainly that a credit reporting agency has no power to blacklist anyone, that a settled loan is cleared with a settlement letter, and that a discharged bankruptcy may not be disclosed after two years.
Car Loans in Malaysia 2026: The Early Settlement Rebate Is Gone, and a 3% Car Loan Is Really 5.5%
The Hire-Purchase (Amendment) Act 2026 came into force on 1 June 2026 and quietly deleted the two things every Malaysian thought they understood about a car loan. The flat rate is gone, replaced by an effective interest rate on a reducing balance. And the statutory early settlement rebate is gone with it, which sounds like a loss and is not. Bank Negara Malaysia's own consumer guide works the arithmetic: borrow RM100,000 over nine years at a flat 3% a year and you pay RM1,175.93 a month and RM27,000 in interest, exactly the same as a loan quoted at an effective 5.5%. The catch is timing. Providers have until 31 March 2027 to switch their systems, so a loan signed today may still be an old one, and the only way to know is to ask.
Ringgit Exchange Rates Today: MYR to USD, SGD, JPY, CNY & More (Bank Negara)
Bank Negara Malaysia's official ringgit exchange rates for 9 October 2026 against the US dollar, Singapore dollar, yen, yuan and 23 more currencies. The ringgit has slipped back above RM4.08 to the dollar since September, and the 11:30am counter rates show what a bank will actually pay you.