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.

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