Bank Negara: No need to apply, interest will be accrued

The central bank also clarified that the interest will continue to accrue during the deferment period. This could result in higher subsequent instalment amount or an extension of the loan tenure.

BANK Negara has issued a FAQ on the six-month loan repayment moratorium, which clarified that borrowers need not apply as the process is automatic.

The central bank also clarified that the interest will continue to accrue during the deferment period. This could result in higher subsequent instalment amount or an extension of the loan tenure.