News about LOA

PETALING JAYA (Sept 30): As Malaysia transitions into targeted repayment assistance following the end of the six-month blanket loan moratorium today, about 500,000 applications for repayment assistance have been received, said Bank Negara Malaysia (BNM).

KUALA LUMPUR (Sept 30): As the blanket loan moratorium ends today (Sept 30), Malayan Banking Bhd's (Maybank) branches nationwide (except for those in the red zones) will continue to remain open until 7pm today to provide customers added convenience to enquire and apply for Repayment Assistance.

KUALA LUMPUR (Sept 24): With the blanket automatic loan moratorium coming to an end next week, banks have contacted more than two million borrowers to offer loan repayment assistance after Sept 30, according to CIMB Group Holdings Bhd's group chief executive officer (CEO) Datuk Abdul Rahman Ahmad.

PETALING JAYA (Sept 22): The loan approval rate for residential properties in the first half 2020 (1H2020) stood at 34.

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) has announced that its Shariah Advisory Council (SAC) has made a ruling on practices of restructuring of Islamic financing facilities during the Covid-19 crisis.

KUALA LUMPUR (July 30): The Federation of Malaysian Manufacturers (FMM) has called on banks to consider making the process for the restructuring of loan repayments be made simple and seamless, given it is based on the individual banks’ commitment and not a directive from the government.

KUALA LUMPUR (July 30): The extension of the loan moratorium for targeted groups announced by the Government today has a “minimised” impact on the country’s banking sector, said MIDF Research economist Mazlina Abdul Rahman.

KUALA LUMPUR (July 29): The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced today.

KUALA LUMPUR (July 29): Prime Minister Tan Sri Muhyiddin Yassin is expected to announce an extension to the loan moratorium period and targeted loan assistance in a live telecast at 3pm today, reported MalaysiaKini.

PETALING JAYA (July 27): Despite government incentives in economic packages and economic recovery plans, Nawawi Tie Leung Property Consultants anticipated that more residential properties are expected to be offloaded in the market as loan moratorium period ceases in end-September.