Targeted loan moratorium extension, says PM

Ragananthini Vethasalam

Prime Minister Muhyiddin Yassin says banks will assess the eligibility of those who seek another three months of deferred loan repayments. – The Malaysian Insight file pic, July 29, 2020.

PUTRAJAYA decided to extend the loan moratorium to those who need further assistance, Prime Minister Muhyiddin Yassin announced today, days after his government said the deferments cost the banking sector RM6.4 billion in losses. 

The moratorium will be extended by another three months for those who lost their jobs this year and have yet to get a new one.

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