KUALA LUMPUR, July 30 (Bernama) — In line with measures announced by YAB Prime Minister Tan Sri Muhyiddin Yassin on 29 July 2020, Agrobank welcomes the initiative taken by the Government on the matter where a targeted extension for the moratorium on bank financings will be granted for those who either lost their jobs or had pay cuts this year to enable Malaysians to cope with the economic situation arising out of the COVID-19 pandemic.
“After three months, the moratorium period can be extended by the banks depending on the individual’s situation. For individuals who are employed but have had their wages cut, their monthly installments will be decreased in tandem with their pay cuts,” Muhyiddin said in a televised address on Wednesday (July 29).
