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Loan Moratorium: The Pros And Cons

43 mins·18:00, 12 Jul 2021
podcast image

Loan Moratorium: The Pros And Cons

43 mins
·
18:00, 12 Jul 2021
·

Under the National Recovery Plan, a six-month loan moratorium has been granted for all borrowers, regardless of income group. However, Bank Negara has reminded the public that opting in for the moratorium will increase the overall cost of borrowing. We first look at why this is the case. Then we talk about the pros and cons of opting in, and what you need to know before deciding. Finally, we talk about debt management during a time of economic crisis.

Image Source: Andrea Piacquadio, Pexels

Presenter: Lee Chwi Lynn, Sharmilla Ganesan

Producer: Kelvin Yee, Loo Juosie, Tasha Fusil, Alia Zefri

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