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KUALA LUMPUR: Ninety-eight percent of the requests for extension of the moratorium and specific banking assistance have been approved, says Prime Minister Tan Sri Muhyiddin Yassin.
“In July, I announced an extension of the moratorium and targeted banking assistance. As of September 11, banking institutions have had conversations with more than 1.4 million borrowers, and more than 380,000 borrowers have confirmed that they really need this assistance. “he said while delivering the” Kita Prihatin “special speech today.
Muhyiddin said that the government will continue to monitor the latest developments and ensure that banking institutions play a role in helping people and businesses in need of assistance in dealing with this challenging period.
He urged citizens who have not submitted their applications to immediately contact their respective banking institution.
To ease the burden on businesses and households affected by the spread of COVID-19, the government has announced a deferral of loan repayments, including home loans and installment purchases, for a period of six months.
This automatic moratorium program will expire at the end of September.
The government today announced various initiatives and additional assistance under the framework of Kerangka Inisiatif Tambahan Prihatin (Kita Prihatin) with an allocation of RM10 billion along with efforts to revive the economy in order to safeguard the well-being of the people. – Bernama
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