Loan repayment moratorium won’t be extended, say banking sources | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Loan repayment moratorium won’t be extended, say banking sources

BY JOHN BUNYAN

“It is estimated that there will be three million borrowers who will take that offer up,” one source was quoted as saying. In March, Prime Minister Tan Sri Muhyiddin Yassin announced the six-month moratorium on loan repayments ending September 30, in order to relieve the burden of people who are directly affected by the impact of Covid-19 pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LOANS

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.

Australia expands loan scheme for virus-hit firms, raises limit | Malay MailSYDNEY, July 20 — Australia will extend its coronavirus loan guarantee scheme for small businesses and increase the credit limit to up to A$1 million (RM2.97) from A$250,000, Treasurer Josh Frydenberg said today. The expanded scheme, which will begin in October this year and run till June 2021,...
Source: malaymail - 🏆 1. / 86 Read more »

FMM calls for loan moratorium extension by a further six months | Malay MailKUALA LUMPUR, July 20 — The Federation of Malaysian Manufacturers (FMM) has called for the loan moratorium for small and medium enterprises (SMEs) and individuals which will end in September 2020, to be extended by a further six months. In a statement today, the association said this would...
Source: malaymail - 🏆 1. / 86 Read more »

Manufacturers' group adds to call for extension of loan freezeThe Federation of Malaysian Manufacturers notes that the end of the current moratorium period will also coincide with the end of the Wage Subsidy Programme. FMTNews Moratorium Loan Freeze
Source: fmtoday - 🏆 5. / 72 Read more »

FMM calls for loan moratorium extension by a further six months | Malay MailKUALA LUMPUR, July 20 — The Federation of Malaysian Manufacturers (FMM) has called for the loan moratorium for small and medium enterprises (SMEs) and individuals which will end in September 2020, to be extended by a further six months. In a statement today, the association said this would...
Source: malaymail - 🏆 1. / 86 Read more »