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

  • Nation
  • Wednesday, 25 Mar 2020

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


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