PM announces six-month postponement of loan repayment, restructuring of credit card balance, biz loans

KUALA LUMPUR (March 25): Prime Minister Tan Sri Muhyiddin Yassin has announced a six-month postponement of loan repayment and restructuring of credit card balance and business loans following the COVID-19 outbreak involving at least RM100 billion.

Continue reading “PM announces six-month postponement of loan repayment, restructuring of credit card balance, biz loans”

Bank Negara grants six-month grace period for loans (updated)

KUALA LUMPUR: Banking customers, including individuals and small and medium sized enterprises (SMEs) will be allowed to delay the repayment of their existing loans, including mortgages and hire-purchases, for a period of six months.

This is part of the central bank’s new measures to assist borrowers experiencing temporary financial constraints due to the Covid-19 outbreak.

In a letter to the heads of financial institutions today, Bank Negara said the automatic moratorium will be effective from April 1.

“Banking institutions should provide individuals and SME borrowers with adequate information on how the suspended loan/financing repayments/payments will be treated during the moratorium period,” the central bank said.

The automatic moratorium is applicable to ringgit-denominated loans or financing that are not in arrears exceeding 90 days as at April 1, 2020.

The moratorium does not apply to credit card balances.

For outstanding credit card balances, Bank Negara said customers should be offered the option to convert the outstanding balances into term-loan of not more than three years.

“For corporate borrowers, banking institutions are strongly encouraged to facilitate requests for a moratorium,” the letter stated.

By: Izwan Idris



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大部分的银行,都同意让顾客暂停分期付款6个月、重组债务和重新安排还款日。所有贷款人受促根据银行的方式提出申请。 Continue reading “一次过看完银行援助方案”

【新冠肺炎】助受影响客户, 17家银行允暂延缴贷

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新型冠状病毒(新冠肺炎)疫情全球肆虐,各行各业受影响,为协助受影响的个人与企业客户,目前国内已有17家银行推出暂延缴付贷款半年。客户需向银行出示文件证明受影响,银行就可批准其暂时推迟偿还贷款,而且这期间的供款不会被额外征收利息。 Continue reading “【新冠肺炎】助受影响客户, 17家银行允暂延缴贷”