Article Related To loan-moratorium

A total of 187,690 affected entrepreneurs and cooperatives have received funding assistance, including loan moratoriums from Sept to Oct 31, 2021.

Customers can also opt for a three-month moratorium for hire purchase facilities.

The central bank also urged loan borrowers to contact their respective banks and guidance will be provided by the customer service officer.

The Malaysian Employers Federation (MEF) is proposing to the Ministry of Finance and Bank Negara Malaysia to make loan moratorium automatic instead of by application.

Banks will waive the compounded interest and penalty charges incurred during the six-month loan moratorium under the National People's Well-Being and Economic Recovery Package (PEMULIH).

The continuation of the EPF withdrawal facilities and loan moratorium, means a lot for those with higher monthly commitments.

The aim is to provide a safety net to those at risk due to the shutting down of economic activities and prolonged unemployment.

The aim is to provide a safety net to those at risk due to the shutting down of economic activities and prolonged unemployment.

Nor SHamsiah said all banks already have their payment assistance plans, including targeted loan moratoriums.

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A blanket loan moratorium is not the best solution at a time the country is facing the MCO 2.0, BNM reiterated today.

SMEs and individuals which are not affected can continue with their existing loan repayment.

The survivability of most companies very much hinges on the support employers and industries receive from the government.

Ahmad Fadhli Shaari (PAS-Pasir Mas) said this was because the two items were matters of policy and could be announced by the government at any time.

Banks, especially those government-linked such as Agro Bank, were still capable of providing loan moratoriums.

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