Loans/Financing Moratorium or Restructuring

Banking institutions will facilitate requests by corporations to defer or restructure their loans/financing repayments in a way that will enable viable corporations to preserve jobs and swiftly resume economic activities when conditions improve. Corporations should approach their banking institutions to discuss their repayment plans and the restructuring of credit facilities.

The Bank has provided appropriate time-bound flexibilities for banking institutions to report deferred/restructured facilities in the Central Credit Reference Information System (CCRIS), taking into account the temporary nature of disruptions faced by borrowers/customers.

FAQs on the Moratorium/Restructuring Arrangement

Q: If a corporate opts in for a loan or financing payment deferment package, would it still be able to get new financing from FIs?
Yes. The credit decisions of FIs are subject to their respective internal credit policies and assessment.

Q: As a corporate, what would be the criteria to opt-in?
Corporate borrowers/customers should refer to their FIs for the deferment and rescheduling/restructuring of their loans/financing. The criteria are subject to each FI’s internal credit policies and assessment. In addition, these loans/financing must meet this criteria:

  • not in arrears exceeding 90 days as at 1 April 2020; and
  • denominated in Malaysian ringgit.

What to do next?

Please contact your financial institutions for further information on your specific case.

If you have contacted them and are unsatisfied with their response, you may lodge a complaint or put forward a query to BNMTELELINK.