Malaysia’s new six-month loan ‘moratorium’: All you need to know before you say ‘yes’

Malaysia’s new six-month loan ‘moratorium’: All you need to know before you say ‘yes’ - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Malaysia’s new six-month loan ‘moratorium’: All you need to know before you say ‘yes’, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Maybank advised customers to continue with their current repayments if they can afford to do so instead of opting-in at this point in time as the six-month plan would increase overall borrowing costs. — Picture by Firdaus Latif
KUALA LUMPUR, July 14 — Malaysians can finally start applying for the six-month loan relief programme from banks which allows them to start making full payments again only in 2022.But what do you need to know before deciding whether to take up the option?If you are struggling with finances right now or expect to have difficulties paying your bank loans over the coming months this year, this six-month loan relief announced last month (June 28) under the Pemulih economic package may provide some temporary and near-instant financial relief.But is this plan suitable for everyone?Malay Mail combed through the FAQs and information about Covid-19 payment assist…