Tuesday, 11 Aug 2020 07:16 PM MYT
KUALA LUMPUR, Aug 11 — The moratorium on loan repayments extended by financial institutions, which came into effect on April 1, is estimated to be worth RM66.6 billion as of July 31, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. “Towards the end of the general moratorium period on Sept 30, 2020, banking institutions continue to be facilitative in assisting borrowers affected by Covid-19 through the extended moratorium and targeted bank assistance,” he said in a statement today.
Tengku Zafrul said individuals who lost their jobs in 2020 and have not yet found new jobs would enjoy an extended moratorium targeted for a period of three months and after the period, the moratorium period could be extended by the banks depending on the individuals’ situation.
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