Bank Negara grants six-month grace period for loans (updated)


KUALA LUMPUR: Banking customers, including individuals and small and medium sized enterprises (SMEs) will be allowed to delay the repayment of their existing loans, including mortgages and hire-purchases, for a period of six months.

This is part of the central bank’s new measures to assist borrowers experiencing temporary financial constraints due to the Covid-19 outbreak.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Bank Negara

   

Next In Business News

FBM KLCI slips 0.23% at midday; Eurospan tumbles 28%
Axiata to strengthen position in capturing Indonesia's FBB, FMC markets
Eurospan shares tumble 28.4%
Malakoff partners Dubai-based Masdar to explore opportunities related to solar PV power plant
Ringgit opens lower in early trade
FBM KLCI kicks off strong, then takes a dip
Trading ideas: Advancecon, Sunway, Magni-Tech, Haily, AirAsia X, KAB, EcoFirst
A-Rank to focus on maintaining cost efficiency
Level of debt a concern in China, says Moody’s
D&O shining bright on rising use of LEDs in cars

Others Also Read