Bank Negara Malaysia (BNM) refers to the announcement by YAB Prime Minister Tan Sri Muhyiddin Yassin on measures to provide a targeted extension of the moratorium and repayment flexibility to individuals and SMEs who continues to be affected by COVID-19.

BNM has communicated to the banks to deliver a simplified application and documentation process for borrowers. Borrowers need to apply directly to their respective bank beginning 7th August 2020. To ease concerns of borrowers with loans from multiple banks, they may also approach the relevant “One-Stop” Center to work out an appropriate assistance package :
– For Individuals : Agensi Kaunselling & Pengurusan Kredit (AKPK)
– For SMEs : Small Debt Resolution Scheme (SDRS)

For more information & details, please read the full statement here : https://drive.google.com/file/d/1wgEz3ixCsTPZtStMefd6eueJZhH_iM8J/view?usp=sharing

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