KUALA LUMPUR (July 6): Bank Negara Malaysia (BNM) said applications for the six-month loan moratorium can be made starting tomorrow (July 7), in line with the PEMULIH stimulus package announced by Prime Minister Tan Sri Muhyiddin Yassin. Moreover, SMEs including microenterprises can also request for assistance through AKPK's dedicated SME Help Desk at akpk.org.my/smehelpdesk, which provides free financial advice and facilitates applications for repayment assistance. "Where a borrower requests to maintain lower instalments (instead of original instalments) after the moratorium, this would result in the loan tenure being extended for a longer period. Borrowers' Central Credit Reference Information System (CCRIS) records will not be affected by any form of repayment assistance received in 2021, said BNM. Borrowers may also get more information on the enhanced repayment assistance programme by visiting bnm.gov.my/RA and BNM's social media platforms.

Source: The Edge Markets July 06, 2021 09:11 UTC