KUALA LUMPUR, Jan 18 — The allocation of the Bank Simpanan Nasional MyRinggit-i Banjir personal financing facility has been increased from RM100 million to RM150 million, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said.“As announced previously by the prime minister, RM100 million was allocated to allow affected borrowers to loan up to RM10,000 with zero per cent interest and a six-month moratorium.
The loan terms include a zero per cent rate for a 3.5-year financing period including a moratorium for the first six-months of monthly installment payments, and is open to flood victims nationwide.
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