Moratorium not interest-free, banks told to waive compound interest


Hailey Chung Wee Kye

Finance Minister Tengku Zafrul Tengku Abdul Aziz says interest charges will differ from bank to bank and that borrowers should discuss terms with their banks. – The Malaysian Insight file pic, June 29, 2021.

THE six-month moratorium on loan repayments for individuals across all income groups under the Pemulih economic aid package is not interest-free, said Finance Minister Tengku Zafrul Tengku Abdul Aziz. 

“The moratorium is the same as before, it is not interest-free. The moratorium by definition is deferment of the loan payment.


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