Banks continue to extend repayment aid

In particular, borrowers/customers who lost their jobs in 2020 or 2021 can apply for payment relief for a period of three months any time on or before June 30,2021.

KUALA LUMPUR: Malaysian banks will continue to extend repayment assistance, including an extension of existing moratorium to individuals affected by the current movement control order (MCO).

In a joint statement, the Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBM) said the banking industry stands ready to assist borrowers in light of the new MCO and will also extend repayment assistance to victims of the recent floods in recent states.