URUS offers interest exemptions for 3 months, less instalment payments for 24 months to help B50, B40 group –PM Ismail

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PUTRAJAYA OCT.13: The Management and Financial Endurance Programme (URUS) will be implemented by the banks in the near future to help the B50 group that have been impacted by the pandemic together with the B40 group with gross household income less than RM5,880 per month.

Prime Minister, Datuk Seri Ismail Sabri Yaakob said, URUS is a programme to support loan payments and the facility offered is the interest exemption for three months and less instalment payments for the period of 24 months including reduced interest rates.

“During this period, customers with loans/financing and personal credit cards without guarantee will also benefit from the lower interest rates to help reduce their financial burden.

“URUS has been drafted by the banking sectors together with Bank Negara Malaysia (BNM), Counselling Agency and Credit Management (AKPK). The details on URUS will be outlined by the Ministry of Finance,” said Ismail in a statement here today.

Ismail added, this banking sector’s initiative is a clear reflection of the Malaysian Family’s spirit that completes the government efforts to help the B50 borrowers that have earlier received benefits from the moratorium programme that was announced under the aid packages and government stimulus since March 2020.

“The government hopes with the “whole-of-nation” and concerted efforts by the people of Malaysia we are able to realize the objective to make Malaysia a prosperous, inclusive and sustainable nation,” Ismail said.-Malaysia World News

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