Loan moratorium expiry: Here's what happens after Sept 30

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Prime Minister Muhyiddin Yassin today announced that loan reliefs the government had negotiated with banks will shift to a targeted approach when the blanket loan moratorium expires on September 30. Muhyiddin, in introducing the targeted measures after the end of the blanket loan moratorium, said the government was taking into account feedback from the people, some of whom are not yet financially ready to resume repayment on their loans. "I hear your concerns about the loan moratorium that will end on Sept 30. I also know that many people hope that the moratorium will be extended. "Therefore, I have discussed with the Finance Ministry and Bank Negara governor to seek a solution to the problem faced by some of you who may still need help when the moratorium ends. "Today, I am pleased to announce that the Perikatan Nasional government has agreed to implement an extens…