4 JUNE 2021 – The loan moratorium is applicable to all those who have lost their job during the movement control order – including those in the M40 and T20 groups – says Tengku Datuk Seri Zafrul Abdul Aziz

The Finance Minister said that individuals who experienced a reduction or loss of income are eligible for bank assistance for their loans.

“Borrowers such as those who lost their jobs (B40, M40 and T20), or the B40 group (Bantuan Sara Hidup or Bantuan Prihatin Rakyat recipients), or microenterprises and SMEs in sectors that are not allowed to operate during the MCO can choose to either get an automatic moratorium for three months, or an automatic 50% reduction in monthly instalment payments for six months.

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