Govt move to defer loan repayments, credit cards to cover RM100bil worth


PUTRAJAYA: The move by the government to defer loan repayments and two other measures to help individuals and businesses weather the effects of the movement control order (MCO) will cover a sum that amounts to at least RM100bil.

According to the government's announcement, individuals and small and medium enterprises would be given a six-month reprieve on the repayment of their existing loans, including mortgages and hire purchases.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Covid-19 , Loan , Defer , banks , Individuals , Businesses

Next In Nation

Biker, 31, dies on the way to Singapore for work
Civil servant duped by three scams over a car
Perak reviewing need for supplementary budget over Middle East crisis, says MB
Traffic Under control on first day of wfh implementation for public sector
Filipina victim in Singapore hoping for help after rape by Indian tourist is raped again by Malaysian man
Tracking potential, celebrating women’s dedication
Thunderstorms and heavy rain forecast for seven states
‘WFH rollout could include 200,000 public servants’
Illegal e-waste shipped out
El Nino threatens water quality

Others Also Read