Banks contact 2m borrowers over loan extension

KUALA LUMPUR: As at Aug 28, 2020, some two million borrowers who may need help servicing their loans have been contacted by banks on the repayment of their loans, says the Finance Ministry.

Deputy Finance Minister II Mohd Shahar Abdullah said of the 1.1 million of the borrowers who have given their feedback, nearly 300,000 have confirmed that they really need assistance with their loan repayments, with the remainder still weighing the available options.