Flood victims offered personal bank loans without interest, moratoriums, financial aid to reduce hardships – PM Ismail

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PUTRAJAYA DEC.22: Considering the hardships faced by the Malaysian Family following the floods that have hit eight states for the last three days, several government agencies and banking sectors will be implementing numerous initiatives to help those who have incurred losses in finance and property.

The eight states affected by the worst floods since decades ago include Kelantan, Terengganu, Pahang, Perak, Negeri Sembilan, Melaka, Kuala Lumpur and Selangor.

Prime Minister, Datuk Seri Ismail Sabri Yaakob said, the assistance will help lessen the burden of the people including the Small Micro and Medium Industries who have been affected by the disaster.

Ismail added, the assistance include payments for house and property, vehicles, credit cards and personal loan until six months.

“Among the facilities offered include the postponement or reduction in instalment payments. The Bank Simpanan Nasional (BSN) will offer personal loan up to RM5, 000 without interest,” Ismail said in a statement here today.

Meanwhile he said, RM100 million has been allocated to lessen the burden of the flood victims to buy equipments and house facilities that have been damaged by the floods.

The Prime Minister said, a moratorium for the first six months on the monthly instalment is also offered and is opened to all flood victims nationwide.

“TEKUN Nasional will be allocating RM30 million fund for Flood Recovery Financing Loan for Micro Small Medium Industries that have been impacted by the floods. There will be no interest for the loan up to RM10, 000 and the moratorium for payment will be 12 months,” Ismail said.-Malaysia World News


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