Bank Negara on its website says since October 2020, 1.7 million borrowers have obtained loan repayment assistance.
The Targeted Repayment Assistance (TRA) programme which has been in place since 1 October 2020.
Up to 26 March 2021, banks have received 1.6 million applications for TRA out of which 95% have been approved.
Under the current EMCO in Selangor and Klang Valley, a 6 months loan moratorium is available to all individuals (B40, M40, and T20), microenterprises, and affected SMEs starting 7 July 2021.
Customised assistance (e.g. reduced instalments) to suit individual’s financial needs and circumstances is also available.
Please contact your bank from 7 July 2021 onwards for details.
Bank Negara says If you need guidance or wish to explore alternative options for your repayment assistance, you may contact AKPK atservices.akpk.org.my.
SMEs (including microenterprises) can request for assistance through AKPK’s dedicated SME Help Desk atakpk.org.my/smehelpdesk.
The virtual help desk provides free financial advice and facilitates applications for repayment assistance.
