The remaining moratorium or loan repayment period to help individuals, small and medium-sized enterprises facing financial constraints following the outbreak of the COVID-19 is only about three months away.
However, are borrowers ready to face the post moratorium financial challenges after Sept 30 when they have to pay back their debts as usual, or are hoping that the financial institutions will further extend the moratorium?
Credit Counselling and Debt Management Agency (AKPK) general manager (Operations Division), Nor Fazleen Zakaria said, borrowers need to understand that the moratorium is only given by the government as a 'breathing space' in light of the unprecedented situation, following the implementation of the Movement Control Order (MCO).
With the moratorium to expire soon, she said borrowers need to start planning their finances as early as from now.
"No need to wait until last minute, even though the instalment repayments will only resume in October. By planning early means that they need to look at their finances, whether they will be able to recommence their repayments in October after the moratorium ends," she said when contacted by Bernama.
For borrowers who feel they are unable to pay their monthly instalments, she said, the first thing they need to do is to consult with their respective financial Institutions on the possibility of rescheduling or restructuring the loan repayments.
"Financial institutions as lenders, they want their borrowers to pay back the loans but if the borrowers are unable to pay, they need to contact their financial institutions and tell them their problems.
“As a responsible borrower, you can seek advice from the respective financial institutions as they can look into considering to reschedule or restructure your loans," she said.
However, consumers can also seek advice from AKPK through its holistic Debt Management Programme (DMP) which aims to assist borrowers to regain control of their finances.
"Through AKPK’s DMP, our counselors will work with you to develop a personalised debt repayment plan in consultation with your financial Institutions. Our DMP services are offered free for individuals.
"Remember to contact the financial institutions for information on the latest monthly installments to be paid after the moratorium expires. There may be a change in monthly loan repayments," she said.
Nor Fazleen also said, reviewing the post moratorium monthly budget is important to ensure borrowers are able to repay the debt after the moratorium expires.
Borrowers should prioritise important expenses such as debt payments, bills and rental payment, and to avoid unnecessary expenses, she added.
On March 25, Prime Minister, Tan Sri Muhyiddin Yassin announced a six-month moratorium, conversion of credit card balance to term loans and restructuring of corporate loans in an initiative estimated to be worth at least RM100 billion.
AKPK is an agency wholly owned by Bank Negara Malaysia set up in April 2006 to help individuals take control of their financial situation and gain peace of mind that comes from the wise use of credit facilities.
Since its inception in 2006 until May 2020, over one million individuals have attended AKPK’s counselling services and from that, approx 330,000 participants have enrolled into AKPK's DMP.
Nor Fazleen said, 27,091 debt cases had exited from the DMP, with total outstanding of RM1,184.4 million.
Those interested to know the latest tips on prudent financial management and learning online financial management can visit the website power.akpk.org.my or AKPK’s official Facebook page, Twitter and Instagram.
Bernama
Sun Jul 12 2020
![Moratorium: Don't wait until last minute, plan your finances now - AKPK Moratorium: Don't wait until last minute, plan your finances now - AKPK](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-07/51593734164_AKPK.jpg)
If the borrowers are unable to pay, they need to contact their financial institutions and tell them their problems.
![Hukuman penjara bapa lakukan serangan seksual ke atas 3 anak perempuan dikurangkan Hukuman penjara bapa lakukan serangan seksual ke atas 3 anak perempuan dikurangkan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/51714453013_courtgavelmahkam.jpg)
Hukuman penjara bapa lakukan serangan seksual ke atas 3 anak perempuan dikurangkan
Dalam penghakimannya, Che Mohd Ruzima berkata perayu gagal membuktikan bahawa Mahkamah Sesyen terkhilaf dalam memutuskan kes itu.
Malaysia-Brunei adakan rundingan mudahkan urusan Imigresen
Malaysia dan Brunei akan mengadakan rundingan bagi memudahkan proses keluar masuk rakyat kedua-dua negara.
![Pan-gon mahu kekal hubungan baik dengan Malaysia Pan-gon mahu kekal hubungan baik dengan Malaysia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/81721124936_KimPanGon.jpg)
Pan-gon mahu kekal hubungan baik dengan Malaysia
Bekas ketua jurulatih Harimau Malaya Kim Pan-gon mahu mengekalkan hubungan baik dengan skuad itu biarpun tidak lagi bersama.
Kos pampasan tanah fasa 1B proses Projek LPB Sabah RM1.2 bilion - Alexander
Anggaran kos pengambilan balik tanah bagi keseluruhan Fasa 1B proses pengambilan tanah dan penilaian pampasan tanah bagi Projek Lebuh Raya Pan Borneo Sabah (LPB Sabah) berjumlah RM1.2 bilion.
Sentiasa berhati-hati, ribut petir diramal berlaku di Sabah
Orang ramai khususnya yang tinggal di kawasan berisiko di Sabah disaran agar bersiap siaga terutama dari segi perubahan cuaca yang tidak menentu yang seterusnya akan mengakibatkan bencana banjir dan pokok tumbang.
Nasib acara sepak takraw wanita diketahui Khamis ini
Nasib acara sepak takraw wanita berpasukan dalam Sukan Malaysia (SUKMA) edisi ke-21 di Sarawak akan ditentukan dalam Mesyuarat Jawatankuasa SUKMA Peringkat Kebangsaan pada Khamis ini.
JPBM Sabah serah jentera khas buat pasukan sukarela
Jabatan Bomba dan Penyelamat Malaysia (JBPM) negeri Sabah sedang dalam perancangan untuk menyerahkan jentera khas, iaitu Volunter Fire Rescue Tender (VFRT) untuk Pasukan Bomba Sukarela (PBS) di Sabah.
Sarawak akan pertahan pingat sukan Muay Thai edisi lalu
Skuad Sarawak akan berusaha mempertahankan masing-masing dua emas, perak dan gangsa dalam kejohanan SUKMA yang dimenangi dalam edisi lalu.
![Usaha pujuk Pan-gon tidak berhasil - Yusoff Mahadi Usaha pujuk Pan-gon tidak berhasil - Yusoff Mahadi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/81721124841_TBFAM.jpg)
Usaha pujuk Pan-gon tidak berhasil - Yusoff Mahadi
FAM pernah berusaha memujuk Kim Pan-gon untuk terus mengemudi skuad Harimau Malaya hingga kontraknya tamat secara rasmi pada akhir tahun depan.
![Kaspersky tinggalkan pasaran AS bermula 20 Julai ini Kaspersky tinggalkan pasaran AS bermula 20 Julai ini](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-02/51708604164_kasperskyancamans.jpg)
Kaspersky tinggalkan pasaran AS bermula 20 Julai ini
Kaspersky mengesahkan kurang 50 pekerja akan terkesan, dan mereka akan diberikan pampasan susulan penutupan syarikat tersebut.
![AI mampu sediakan pendidikan sesuai keperluan individu - Mahasiswa AI mampu sediakan pendidikan sesuai keperluan individu - Mahasiswa](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-06/71685685308_TBartificialintelli.jpg)
AI mampu sediakan pendidikan sesuai keperluan individu - Mahasiswa
Teknologi Kecerdasan Buatan (AI) mampu menyediakan pendidikan yang disesuaikan dengan keperluan individu.
![Sedia dasar yang jelas, hala tuju ekonomi dan kekal persekitaran mesra perniagaan - IECM Sedia dasar yang jelas, hala tuju ekonomi dan kekal persekitaran mesra perniagaan - IECM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-12/71703947835_BadariahBadarudin.jpg)
Sedia dasar yang jelas, hala tuju ekonomi dan kekal persekitaran mesra perniagaan - IECM
Katanya, kestabilan politik pembolehubah yang sangat penting dalam membina laluan yang koheren dan berterusan bagi pembangunan mampan.
![Data peribadi kira-kira 20 pelanggan didedahkan di laman web gelap - AKPK Data peribadi kira-kira 20 pelanggan didedahkan di laman web gelap - AKPK](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-04/81649264207_CyberAttack.jpg)
Data peribadi kira-kira 20 pelanggan didedahkan di laman web gelap - AKPK
AKPK turut menjangkakan penjenayah tersebut akan mendedahkan lebih banyak maklumat termasuk nama serta nombor MyKad terbabit.
![Program literasi kewangan AKPK perlu mesra pengguna internet - BowerGroupAsia Program literasi kewangan AKPK perlu mesra pengguna internet - BowerGroupAsia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2018-11/81542273711_EmptyWallet.jpg)
Program literasi kewangan AKPK perlu mesra pengguna internet - BowerGroupAsia
Strategi tersebut mampu mendekati lebih ramai anak muda yang merupakan golongan majoriti diisytiharkan bankrap di Malaysia.
![Beberapa sistem operasi AKPK dinyahaktif buat sementara waktu bagi cegah risiko selanjutnya Beberapa sistem operasi AKPK dinyahaktif buat sementara waktu bagi cegah risiko selanjutnya](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-05/41620860845_AKPK.jpg)
Beberapa sistem operasi AKPK dinyahaktif buat sementara waktu bagi cegah risiko selanjutnya
Baru-baru ini, pelayan AKPK yang mengandungi data pelanggan mungkin telah diakses secara haram.
![CGC jalin kerjasama dengan AKPK tingkatkan literasi kewangan PMKS CGC jalin kerjasama dengan AKPK tingkatkan literasi kewangan PMKS](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-06/41654042730_TBAZADDINNGAH.jpg)
CGC jalin kerjasama dengan AKPK tingkatkan literasi kewangan PMKS
Kerjasama itu membolehkan CGC merujuk pelanggan PMKS ke kursus e-pembelajaran, bengkel dan webinar AKPK mengenai topik yang berkaitan dengan literasi kewangan dan pengurusan kewangan.
![Urus: Peminjam lain tidak boleh ambil kesempatan, bank dijangka berdepan impak minimum Urus: Peminjam lain tidak boleh ambil kesempatan, bank dijangka berdepan impak minimum](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-02/71613555305_ATMMachine.jpg)
Urus: Peminjam lain tidak boleh ambil kesempatan, bank dijangka berdepan impak minimum
Urus : Peminjam lain tidak boleh ambil kesempatan, bank dijangka berdepan impak minimum | Dagang News
![PERMAI: Moratorium, pengurangan bayaran balik diteruskan sepanjang PKP PERMAI: Moratorium, pengurangan bayaran balik diteruskan sepanjang PKP](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-05/61590139990_bajet.jpg)
PERMAI: Moratorium, pengurangan bayaran balik diteruskan sepanjang PKP
Bantuan moratorium dan pengurangan bayaran balik pinjaman akan terus disediakan sepanjang tempoh pelaksanaan Perintah Kawalan Pergerakan (PKP), kata Perdana Menteri Tan Sri Muhyiddin Yassin.
![BNM, industri perbankan tambah baik pelaksanaan bantuan bayaran balik pinjaman bersasar BNM, industri perbankan tambah baik pelaksanaan bantuan bayaran balik pinjaman bersasar](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-10/81601517512_bajet.jpg)
BNM, industri perbankan tambah baik pelaksanaan bantuan bayaran balik pinjaman bersasar
Bank Negara Malaysia (BNM) berkata pihaknya telah bekerjasama dengan industri perbankan untuk menambah baik pelaksanaan bantuan bayaran balik pinjaman bersasar.
![Bantuan bersasar kekalkan daya tahan sektor perbankan - BNM Bantuan bersasar kekalkan daya tahan sektor perbankan - BNM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2019-10/41570785164_HBREAKHUTANG.jpg)
Bantuan bersasar kekalkan daya tahan sektor perbankan - BNM
Pelbagai langkah termasuk Kemudahan Bantuan Khas (SRF) berjumlah RM10 bilion telah diperkenalkan untuk menyediakan bantuan sementara kepada perniagaan.