Touch ‘n Go eWallet denies offering GOPinjam loans at exorbitant interest rates!
Touch ‘n Go eWallet has denied offering GOPinjam personal loans at exorbitant interest rates, according to a report in Malaysia Today. Touch ‘n Go eWallet said that the interest rates offered are similar to other personal loan products in the market.
Touch ‘n Go eWallet said that GOPinjam’s loan rates of 8% to 36% are calculated on an annual basis and not on a monthly basis, so they are comparable to other personal loan products in the market.
In a Facebook post, former Prime Minister Najib asked the Ministry of Finance to monitor the GOPinjam electronic personal loan service launched by Touch ‘n Go eWallet. Najib pointed out that this electronic personal loan service charged up to 36% interest, the borrower caused a serious burden.
GOPinjam will charge an interest rate of 8% to 36%. Many netizens are blasting GOPinjam as a legal loan shark loan shark, there are also many people worried that this loan service will cause many people to carry more debt. The netizens also teased Finance Minister Tunku Zaflu Banker to take care of bankers (Banker jaga Banker), regardless of the people’s lives.
