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Opting for loan moratorium will cost borrowers more - Bank Negara
Published:  Jul 6, 2021 9:14 PM
Updated: Jul 8, 2021 7:36 AM

As banks gear up to begin receiving applications for loan moratoriums tomorrow, the central bank has reminded borrowers that opting-in for this facility will raise the overall cost of borrowing.

It said that banks will not charge any compounding interest or profit - or any penalty interest/profit - while payment is being deferred.


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