THE issue of bank loan moratorium has resurfaced following the implementation of the full lockdown to curb the spread of Covid-19. Calls are currently mounting for the bank loan moratorium to be automatically extended to all borrowers and not just the B40 group, as announced by the government under the Pemerkasa Plus stimulus package. At that time, Bank Negara’s automatic loan moratorium had just expired (September 2020). My point is that being denied an automatic loan moratorium is not the end of the world. In my opinion, the question of being denied an automatic loan moratorium is not an issue, so please don’t turn it into one.

Source: The Star June 11, 2021 00:33 UTC