Extend loan tenure to prevent bankruptcies


KUALA LUMPUR: The Finance Ministry and Bank Negara Malaysia have been urged to look into extending the maximum loan tenure to increase disposable income and prevent bankruptcy.

Congress of Unions of Employees in Public and Civil Services (Cuepacs) president Datuk Adnan Mat said borrowers would then have the option of having lower loan repayments as they deal with the impact of the Covid-19 pandemic and higher cost of living.

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!

Next In Nation

Govt to allocate RM100mil for Pengerang vocational college
Ipoh City Council to take stern action against roadside litterbugs
Wake for Tun Ling opens to public on Monday
Tiger tracks detected near Kluang, Johor
Ambassador Ouyang expresses condolences over Tun Ling’s passing
Thunderstorms, strong winds warning for 10 states, KL until 8pm
Recovered public funds help govt withstand fuel shocks, says PM Anwar
Environment Dept deputy DG to face further corruption charge
Dr Ling's foresight defined Malaysia's modern logistics sector, says FMFF
Loke hails Tun Ling’s role in building nation’s ports, KLIA

Others Also Read