Banks have started taking applications for loan moratorium opt-ins
KUALA LUMPUR (July 7): Banks have started taking applications for the six-month loan moratorium today.
ABM, AIBIM to offer six-month moratorium from July 7 in line with PEMULIH package
KUALA LUMPUR (June 29) : The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said today that their member banks will be offering six-month moratorium from July 7, in line with the government's PEMULIH stimulus.
Latest round of blanket moratorium less likely to hurt bank earnings due to opt-in basis, say analysts
KUALA LUMPUR (June 29): Analysts expect the latest blanket moratorium on loan repayments to cause lower modification losses for banks as it is being offered on an opt-in basis.
REHDA: Loan moratorium helps but govt needs to heed other issues too
PETALING JAYA (June 28): The newly announced blanket loan moratorium is beneficial in helping to alleviate individuals’ financial burdens due to the prolonged lockdown, said Real Estate & Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon.
Why are borrowers made to pay for bank template documents?
It has been a common practice for banks to impose fees for standardised loan agreement documents that are needed in the housing loan application process.
Public Bank says Covid-19 relief amounts to about RM40b so far
KUALA LUMPUR (June 14): Public Bank Bhd managing director and chief executive officer (CEO) Tan Sri Tay Ah Lek said today the group’s Covid-19-driven targeted loan repayment assistance programme had so far assisted over 160,000 customers who benefited from the bank’s pandemic relief amounting to about RM40 billion.
Implement a six-month automatic loan moratorium for all borrowers, says SME Association of Malaysia
KUALA LUMPUR (June 10): A six-month automatic loan moratorium that is interest-free and without any condition should be extended to all borrowers, according to the SME Association of Malaysia.
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Are borrowers still at the losing end of loan agreements?
For too long, loan borrowers have been at the losing end as many do not fully understand the terms and conditions (T&C) stated in housing loans or financing contracts.
Borrowers should engage with banks to seek right advice on repayment assistance — BNM Governor
KUALA LUMPUR (May 11): Loan moratorium may not be the best solution for all borrowers as they should engage with banks to seek the right advice to suit the borrowers’ circumstances and best interest, according to Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus (pictured).
Developers are toning down their pessimism for 2H2021, says Rehda
PETALING JAYA (March 30): Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers' Association (Rehda) Malaysia.
