Weigh moratorium option carefully

The Association of Banks was reported on Nov 6 as saying that the enhanced targeted repayment assistance will see eligible borrowers being offered two options – a three-month deferment of installments, or a six-month reduction in installments by 50%.

TALK of reviving the loan moratorium on a widespread basis keeps coming up every now and then as the Covid-19 pandemic continues unabated.

The thought of not having to repay loans for the time being sounds very tempting on the surface but could result in bigger consequences that could affect one’s well-being later on in life.