Tag: what is moratorium

Personal Finance 101: Why do banks offer moratorium? Moratorium was first offered during the Covid-19 lockdowns In 2020, Bank Negara Malaysia announced a 6 months AUTOMATIC moratorium to all bank loans — except for credit card balances. Article in nst.com.my here. In 2021, another round of 6 months moratorium was offered to all individuals, microenterprises…