Debt Moratoriums

Financial relief in the form of debt moratoriums has also been included in the economic relief package to support the economy. Since business as usual is not feasible due to the disruption and uncertainty caused by the coronavirus outbreak, debt moratoriums may provide temporary relief. It will defer repayments for a specified period, relieving debtors who are unable to make monthly repayment in this crisis.

In the moratorium period the borrower is not required to make any payments, and this will not have an impact on their credit records. Interest will continue to accrue on the repayments that are deferred and borrowers will need to honour the deferred repayments in the future.

Presently, 2 debt moratoriums have been announced to relieve businesses.









Individuals & Households

Business Enterprises

Government Finances

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