Six-month moratorium begins today


Borrowers could also call up their banks and guidance will be provided by the customer service officer. If they are unable to use these digital channels, they may also visit their bank branches to submit their request for the moratorium.

KUALA LUMPUR: The six-month moratorium for all individuals, micro-enterprises and affected small and medium-enterprises (SMEs) begins today, according to Bank Negara.

Opting in for the moratorium or any other repayment packages will be easy with no need for borrowers to provide supporting documentation. Approval will be given automatically, it added.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

automatic , six-month , moratorium , Bank Negara , borrowers , Online ,

   

Next In Business News

CPO futures to trade on upside bias next week on expectation of weaker output
Oil gains over 2% but posts seventh weekly decline
In China’s slowing beauty market, big-brand discounts won’t cut it
YTL Power and Nvidia in AI collaboration
Westports inks deal with govt to expand terminals
Succession planning and moving in the right direction
Bank Pembangunan has plenty of potential
Setting the standards the Gamuda way
Singapore signs deal with Latin American bloc
Critical factors to consider before MLFF rollout

Others Also Read