so unclear isnt it?

lagi confusing

source BNM : https://t.co/m57LsxkYMq?amp=1

It is a temporary deferment or suspension of loan/financing
repayment obligation (principal and interest) for a limited period
of time. During this period, borrowers/customers with
loan/financing that meet the conditions do not need to make any
repayment, and no late payment charges or penalties will be
imposed.

Interest/profit will continue to accrue on loan/financing
repayments that are deferred and borrowers/customers will need
to honour the deferred repayments in the future. Loan/financing
repayment resumes after the deferment period.

Which loan/financing qualifies
for the deferment?
For individuals and small and medium enterprises (SMEs), the
deferment in conventional loans or Islamic financing repayment
obligations (except credit cards) are automatically effected by
banks and development financial institutions (DFIs) if the
loans/financing meet these criteria:
• not in arrears exceeding 90 days as at 1 April 2020; and
• denominated in Malaysian Ringgit.

Do I need to apply?
No. All individual and SME loans/financing (excluding credit
cards) that meet the criteria will automatically qualify for the
deferment.



This post has been edited by JimbeamofNRT: Mar 25 2020, 10:58 AM