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Moratorium under Pemulih not interest-free, says finance minister | The Malaysian Insight

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Moratorium under Pemulih not interest-free, says finance minister

Finance Minister Tengku Zafrul Tengku Abdul Aziz says interest charges will differ from bank to bank and that borrowers should discuss terms with their banks. – The Malaysian Insight file pic, June 29, 2021.

THE six-month moratorium on loan repayments for individuals across all income groups under the Pemulih economic aid package is not interest-free, said Finance Minister Tengku Zafrul Tengku Abdul Aziz. “The moratorium is the same as before, it is not interest-free. The moratorium by definition is deferment of the loan payment.

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Moratorium on bank loan repayments not interest free - finance ministerFinance 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. tzafrul_aziz Why I'm not surprised? tzafrul_aziz Ha ha ha ha tzafrul_aziz kamu ini tak layak jadi menteri
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