Summary from Lanjutan Moratorium dan Bantuan Bank Bersasar

Summary from Lanjutan Moratorium dan Bantuan Bank Bersasar

Government Announcement: 29th July 2020
Presented by: PM YAB Tan Sri Dato Haji Muhyiddin

Summary from Lanjutan Moratorium dan Bantuan Bank Bersasar

Loan moratorium will be extended for those in need

👋Who will benefit from this initiative:

1. If you lose your job in year 2020 and have yet to get a new job -> You can apply for the moratorium to be extended for 3 months

2. If you are working but your salary/income is reduced due to covid-19 ==> you can apply to reduce the monthly payment

👋ADDITIONAL BENEFITS FOR SMEs & Sole Prop
1. opt to pay for interest only for a specific period of time
2. Lengthen the duration of loans to reduce the amount monthly payment

👋When will this initiative begin?
==> You can approach your bank from 7th August 2020 onwards.

Full text of the speech below:

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