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Finance Ministry: Loan moratorium worth RM81.9b granted as of Aug 28 | Malay Mail

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Finance Ministry: Loan moratorium worth RM81.9b granted as of Aug 28

Wednesday, 09 Sep 2020 03:30 PM MYT

KUALA LUMPUR, Sept 9 — The value of the loan moratorium on loan repayments to financial institutions which came into effect on April 1 is estimated at RM81.9 billion as of Aug 28, 2020, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. “A total of 732,000 borrowers who took the automatic moratorium have resumed their monthly loan repayment instalments compared with 336,000 borrowers in April 2020,” he said in the latest Laksana report today.

He said with the loan moratorium expiry on Sept 30, banking institutions are ready to continue to provide assistance to borrowers who are still affected by the Covid-19 outbreak, in the form of a loan moratorium extension and targeted assistance from Oct 1.

 

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