Moratorium on bank loan repayments not interest free - finance minister

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Finance Minister tzafrul_aziz revealed that the six-month moratorium on bank loans announced by Putrajaya yesterday would not be interest-free. The focus of the moratorium is assisting the rakyat who need to postpone their loan instalments, he stressed.

The six-month moratorium on bank loans announced by Putrajaya yesterday will not be interest-free, according to Finance Minister Tengku Zafrul Abdul Aziz.

Speaking at a press conference today, he stressed the focus of the moratorium was on assisting the rakyat who need to postpone paying their loan instalments during the current economic downturn.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Moratorium with interest is in the best interest of the Banks (the banks make more money from this moratorium). The Rakyat end up incurring more cost. Moratorium does not generate income to the Rakyat, only temporarily reduce payments. How do they survive without income???

This stupid Prime Minister and Finance Minister should have introduced the Total Lock Down when it was 2000 daily cases and introduce the Moratorium then. Now it is a bit too late because the people are already in deep shit!!!!

tzafrul_aziz Why can’t pertinent information like this be communicated transparently earlier?

tzafrul_aziz 'Tak lain, tak cukup duit biasanya mintak dekat PakSu senang dapat.' - PN Supporters. 🤣😂😅

tzafrul_aziz

tzafrul_aziz Hahahaha ko tgk muka pun tau ada daging babi disebalik mee.. covid dah masuk tahun ke2 Kott.. korang xblaja lg ke kegagalan PN 🤦🏻‍♂️😏

tzafrul_aziz i see you need the money now.. hmmm.. why not pay me in 6 months. I’ll charge you interest during that time and you’ll owe me for longer but at least you get to use your own money first 🙄

tzafrul_aziz Bantuan rakyat ke bantuan bank ni

tzafrul_aziz Ok, continue bayar la

f4kr0ls00d tzafrul_aziz KerajaanBangsat KerajaanGagal

tzafrul_aziz Assisting the rakyat?

tzafrul_aziz Mantap 👍

tzafrul_aziz kamu ini tak layak jadi menteri

tzafrul_aziz Ha ha ha ha

tzafrul_aziz Why I'm not surprised?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in CA

Canada Canada Latest News, Canada Canada Headlines