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.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Covid-19 , Loan , Defer , banks , Individuals , Businesses

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