PUNB eases loan terms for affected traders

PUNB would also extend the deferment of repayment of financing on principals for a period of six months until Dec 31, 2021.

SHAH ALAM: Perbadanan Usahawan Nasional Bhd (PUNB) has relaxed the terms of loans for Bumiputera traders under the COVID-19 Affected Entrepreneur Financing Scheme (SPUR) by requiring them to submit only evidence of being terminated from employment due to the pandemic, with priority given to those who have started a business.

Chairman Tan Sri Noh Omar said the approval process for SPUR applications would also be expedited within four weeks provided the two new conditions were met.