The end of the blanket loan moratorium in September has triggered concern that people whose income is still suppressed as a result of the pandemic will not be able to service their loans. Although there is a targeted loan moratorium in place, the National Union of Bank Employees is calling for the government to reinstate the blanket moratorium for low-wage groups and SMEs. To find out more, we speak to J Solomon, NUBE General Secretary, about funding trials, inconsistency in conditions set, as well as the impending Budget 2021.

Image Credit: Laboo Studio / Shutterstock

Produced by: Sim Wie Boon

Presented by: Roshan Kanesan, Lyn Mak, Noelle Lim

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Categories:  Personal Finance,  Investments,  Financial Literacy,  Politics,  Law and Legal Matters,  Business Analysis,  Trends and Forecasts,  Markets,  Social Issues

Tags:  blanket,  moratorium,  SME,  B40,  loan,  income,  pandemic,  targeted,