KUALA LUMPUR: Bank Negara yesterday reiterated that all borrowers who have suffered a drop in income, including salary, allowances, commissions and household incomes, are eligible for a reduction of monthly installments according to the reduced income.
In a series of tweets detailing the eligibility for reduction of monthly installments, the central bank clarified that under the latest loan repayment assistance, the B40 recipients of Bantuan Sara Hidup and Bantuan Prihatin Rakyat can choose either a three-month moratorium or reduction of monthly installments by 50% for six months.