Bank Rakyat offers 3-month extension to loan repayment moratorium, targeted assistance

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Bank Rakyat offers 3-month extension to loan repayment moratorium, targeted assistance
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KUALA LUMPUR: Bank Rakyat is offering a three-month extension of the loan moratorium period for customers who may face difficulties in continuing with...

Bank Rakyat is offering a three-month extension of the loan moratorium period for customers who may face difficulties in continuing with their loan repayments once the moratorium ends on Sept 30.

“The moratorium extension is specifically aimed at customers who have been laid-off from their jobs in 2020 and have yet to be re-employed, as well as those who have been put on unpaid leave. Additionally, the bank is also offering targeted assistance for affected self-employed individuals as well as small and medium-sized enterprises, which includes extending the financing period to reduce the monthly repayments.

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