#loan moratorium

Paying off loan and housing rental too much in current environment.

Banks can afford it, RM20b profit last year - Guan Eng.

Opposition says govt was initially against the waiver for B50 borrowers.

The extension will be until the end of 2022.

'As profits continue to rise, share the good fortune with customers.'

This pandemic did not result in a financial crisis for the banks but resulted in a moral crisis.

Customers may opt for 50pct reduction in instalments for six months.

This is because interest will continue to be accrued throughout the deferment.

There should also be no interest charges.

Granting of moratorium only a temporary measure, says the finance minister.

This moratorium will negligibly impact banks’ earnings and not reduce borrowers’ lending costs, says DAP sec-gen.

UPDATED 5.30PM | I have asked the banks, no compounded interests, no penalty, Zafrul says.

UPDATED 6.34PM | Those interested will need to apply with their banks instead of an automatic opt-in.

More robust wage subsidy and automatic loan moratorium needed - Wong Kah Woh.