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Finance minister: RM12 43b SME soft loans approved by local banks as of Sept 10 | Money
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Analysts surprised by waiver of interest payments but view impact on banks as manageable
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The difference between this latest moratorium and the first one from March to September 2020 is that the new moratorium is on an opt-in basis whereby interested borrowers would have to apply for it – though the approval process is expected to be much simplified – and borrowers may have to sign revised terms to the loan agreement.
PETALING JAYA: The blanket six-month loan moratorium amid phase one of the National Recovery Plan is not expected to significantly dampen banks earnings.
The difference between this latest moratorium and the first one from March to September 2020 is that the new moratorium is on an opt-in basis whereby interested borrowers would have to apply for it – though the approval process is expected to be much simplified – and borrowers may have to sign revised terms to the loan agreement.
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