Three-Month Extension of Moratorium for Those Who Lost Jobs

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Prime Minister Tan Sri Muhyiddin Yassin today announced the extension of loan repayment moratorium by three months for those who have lost their jobs in 2020 due to the fallout from the COVID-19 pandemic while a targeted approach will be undertaken for the rest.

For those who had lost their jobs this year and had yet to secure new employment, they would enjoy an extension of targeted moratorium for three months, he said.

After three months, the moratorium period could be extended by the respective banks according to each individual’s situation, Muhyiddin said.

“This decision was made after discussing with the Finance Ministry and the Bank Negara Malaysia governor,” he announced today.