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电竞go比赛手机版v5.9 IOS版(电竞go下注手游) bank moratorium interest
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As part of the 电竞go比赛手机版v5.9 IOS版(电竞go下注手游)n government’s efforts to help the people to sustain their livelihood, a six-month moratorium would be extended for individual and microenterprise borrowers. This was parked under the recently launched PEMULIH or Pakej Perlindungan Rakyat dan Pemulihan Ekonomi.

The second round of moratorium

This would be the second time such aid has been provided following the first moratorium given out during the first MCO to 电竞go比赛手机版v5.9 IOS版(电竞go下注手游)ns back in April 2020. The moratorium will be extended to SMEs that have been affected by the COVID-19 pandemic as well.

How to apply for the moratorium

The application is very straightforward and it can start from 7 July 2021. Borrowers only need to opt-in and send in their applications to the respective banks which will then be given automatic approval.

  • Applications can be made on each bank’s respective website
  • There will be NO need for any supporting documents of any kind
  • Borrowers who opt-in can choose between a 6-month moratorium or a reduction in installments.
  • Applications can be done via the web form, auto-generated email or by calling in.
  • For those with no access to digital platforms, they can visit the banks to convey their requests.
  • The moratorium is applicable for loans that have been approved before 1 July 2021
  • Applicants must not have any missed installments which are over 90 days or in the process of a bankruptcy filing.
  • Interest will be accrued during this period
  • The CCRIS (Central Credit Reference Information System) of the respective borrower will not be affected

What about interests? Will it be calculated and imposed?

It must be noted that opting in for the moratorium would mean that the overall cost of borrowing will be increased. This is because of the accrued interest/profit will be applied on the amount owed. In other words, while borrowers are not required to make instalment payments during the 6-months period, the interest imposed on the loan continues to be active. The moratorium covers a period of assistance in delaying the payments and not on delaying the interests imposed. The loan repayment term will be stretched and will mean a higher amount paid back in the end.

List of sites for respective banks

Below is the list of websites for the respective banks

  1. Moratorium Maybank
  2. Moratorium Bank Rakyat – https://cv19-support.bankrakyat.com.my/
  3. Moratorium Bank Islam – https://vao.bankislam.com.my/ppb/
  4. Moratorium CIMB – https://www.cimb.com.my/covid19support
  5. Moratorium BSN – https://www.bsn.com.my/page/TRA
  6. Moratorium Public Bank – https://www.pbebank.com/Others/COVID-19.aspx
  7. Moratorium Ambank – https://www.ambank.com.my/eng/targeted-repayment-assistance
  8. Moratorium RHB – https://www.rhbgroup.com/malaysia/campaigns/PostMoratoriumEForm?_ga=2.202856849.1410897864.1622574747-1382388922.1622574747
  9. Moratorium Affin Bank – https://www.affinbank.com.my/Others/Financial-Assistance-Instalment-Relief-(FAIR)-Prog.aspx?lang=ms-MY
  10. Moratorium MBSB – https://www.mbsbbank.com/bm/notices/moratorium
  11. Moratorium Bank Muamalat – https://map.muamalat.com.my/
  12. Moratorium Kuwait Bank – https://www.kfh.com.my/malaysia/personal/announcements/KFH-RAP.html
  13. Moratorium CitiBank – https://www.citibank.com.my/english/forms/moratorium-restructure-V2/index.php
  14. Moratorium Alliance Bank – https://www.allianceonline.com.my/personal/loan_moratorium/loan_moratorium.do
  15. Moratorium AgroBank – https://www.agrobank.com.my/my/bbb/
  16. Moratorium Hong Leong Bank – https://www.hlb.com.my/en/personal-banking/news-updates/hlb-payment-relief-assistance-plan.html
  17. Moratorium SME Bank – https://smebank.com.my/en/financing-payment-assistance
  18. Moratorium Standard Chartered Bank – https://www.sc.com/my/important-information/covid-19/
  19. Moratorium Al Rajhi Bank – https://www.alrajhibank.com.my/page/financial-relief/financial-assistance
  20. Moratorium UOB Bank – https://www.uob.com.my/default/covid-updates/covid-relief-assistance.page
  21. Moratorium OCBC Bank – https://www.ocbc.com.my/personal-banking/Loans/moratorium/index.php
  22. Moratorium PTPTN – https://www.ptptn.gov.my/penangguhanpkp3.0/

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