Moratorium starts 7th July yeah. Here are all the banks’ links

If you did not know already, the moratorium starts on 7th July. Depending on when you read this article it may be today or it may have been a few days before. This moratorium is for 6 months and is applicable to all individuals, whether you are under theB40, M40 or T20. So, yes, even if you do not actually need the moratorium, as long as you apply, the bank will have to approve.

Best part is this. For everyone, no supporting documentation is required. This is also the same for all microenterprises. Meanwhile, All SMEs who are adversely affected by the pandemic, you only need to do one extra thing. Just a self-declaration is needed. The only catch is that this moratorium is NOT automatic. One would need to apply if one wants this moratorium.

If you have a home loan and your monthly mortgage is RM1,600 and you are renting it out for RM1,600 as well, it means you do not need to pay your RM1,600 (which is a savings) and you get rental of RM1,600. Thus, every month one could save an extra RM1,600 + RM1,600 = RM3,200. 6 months later, you have an extra RM19,200 to use as you wish.

Below links come from Bank Negara Malaysia’s website.

List of Banks’ Repayment Assistance Pages

Below is the list of banks’ websites with details on their Repayment Assistance packages.

Banking Institutions
Affin Bank Berhad
Affin Islamic Bank Berhad
Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
Alliance Bank Malaysia Berhad
Alliance Islamic Bank Berhad
AmBank (M) Berhad
AmBank Islamic Berhad
BNP Paribas Malaysia Berhad
Bank Islam Malaysia Berhad
Bank Muamalat Malaysia Berhad
CIMB Bank Berhad
CIMB Islamic Bank Berhad
Citibank Berhad
HSBC Bank Malaysia Berhad
HSBC Amanah Malaysia Berhad
Hong Leong Bank Berhad
Hong Leong Islamic Bank Berhad
Kuwait Finance House (Malaysia) Berhad
MUFG Bank (Malaysia) Berhad
Malayan Banking Berhad
Maybank Islamic Berhad
MBSB Bank Berhad
OCBC Bank (Malaysia) Berhad
OCBC Al-Amin Bank Berhad
Public Bank Berhad
Public Islamic Bank Berhad
RHB Bank Berhad
RHB Islamic Bank Berhad
Standard Chartered Bank Malaysia Berhad
Standard Chartered Saadiq Berhad
Sumitomo Mitsui Banking Corporation Malaysia Berhad
United Overseas Bank (Malaysia) Bhd.
Development Finance Institutions
Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat)
Bank Pembangunan Malaysia Berhad
Bank Pertanian Malaysia Berhad (Agrobank)
Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank)
Bank Simpanan Nasional
Export-Import Bank of Malaysia Berhad (EXIM Bank)

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