Fomca: Extend loan repayment moratorium to December | Malay Mail

Fomca president Datuk Marimuthu Nadason said banks should lend a hand and extend the moratorium as there is a possibility that the MCO and CMCO might be prolonged if there is a spike in the number of infected people. — Bernama pic

Fomca president Datuk Marimuthu Nadason said this is because the general public will be having difficulties picking themselves up after suffering loss of income and losing jobs due to the Covid-19 pandemic. He said banks should lend a hand and extend the moratorium as there is a possibility that the MCO and CMCO might be prolonged if there is a spike in the number of infected people.

100% agree

Agreed. It looks like it will take a while to break the chain. PKPB may be longer 😅

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fomca calls for extra 3 months on loan moratoriumConsumer group says the moratorium should last until the end of the year as many people would still face a struggle. FMTNews MCO CMCO Fomca Moratorium
Source: fmtoday - 🏆 5. / 72 Read more »

Fomca calls for extra 3 months on loan moratoriumConsumer group says the moratorium should last until the end of the year as many people would still face a struggle. FMTNews MCO CMCO Fomca Moratorium
Source: fmtoday - 🏆 5. / 72 Read more »

Banks should extend moratorium until December | New Straits TimesBank Negara Malaysia (BNM) has declared a 6-month moratorium for all borrowers – of housing loans and car loans, to fixed rate Islamic financing. Inevitably, the Finance Ministry had to coax the banks to defer the compound interest to be accrued to the principal.
Source: NST_Online - 🏆 17. / 53 Read more »