Three more months of moratorium a boon for those who lost jobs due to Covid-19

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Relieved: Gayathri said the extended moratorium afforded her family much-needed temporary relief from their loan obligations. JOHOR BARU: The three-month targeted extension of the loan moratorium has been a relief to those suffering from loss of income.

Among them is S. Francis, 38, who has been on unpaid leave from his job as a security officer in Singapore since March after Malaysia closed its border with the island republic due to Covid-19.

“I am relieved that both my applications to extend the moratorium for my house and car loans have been approved. I don’t think I’ll be able to pay the loans without the moratorium as I have lost more than half my income.

“I’m running a small business selling spare car parts that I bought online to earn a living for the past few months,” he said, adding that his current income was only enough to cover his basic needs.

“I don’t know how I’l…