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Moratorium only to those who lost their jobs

THE three-month loan moratorium will only apply to any individual customers who have lost their employment, the Association of Banks in Malaysia (ABM) said.

“Under the latest Targeted Repayment Assistance (TRA) programme, any individual customers who have lost their employment are eligible upon contacting their banks for either loan deferment (moratorium) for a period of three months or 50% reduction in the monthly instalment payment for a period of six months,” ABM said in a statement yesterday.

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