PEMERKASA+: Govt To Provide Additional BPR Cash, Loan Repayment Aid And Moratorium
Author Avatar
(Image: Mashable)

Prime Minister Tan Sri Muhyiddin Yassin has announced that the government will be providing additional Bantuan Prihatin Rakyat (BPR) aid of between RM100 to RM500 for eligible households and individuals under the latest PEMERKASA+ stimulus package. On top of that, the B40 income group as well as businesses and individuals affected by the movement control order (MCO) will be able to tap into an extended loan repayment assistance and moratorium from banks.

With regard to the latest BPR aid, the following groups will be entitled to these additional amounts of financial aid:

Groups/EligibilityAdditional BPR aid
Households with monthly income of below RM2,500RM500
Households earning between RM2,501 to RM5,000RM300
Single individuals with monthly income of below RM2,500RM100

Muhyiddin clarified that these payments will be made on top of the final payment phase of the BPR aid (slated to take place in September 2021), and will be credited to the recipients’ accounts at the end of June 2021.

Aside from the additional BPR aid, the B40 group and people affected by loss of jobs will be given the option to obtain an automatic moratorium approval for three months or a reduction in repayment in instalments of 50% for a period of six months on loans. This assistance extends to micro as well as small and medium enterprises (MSMEs and SMEs) too.

This aid will be implemented starting from June 2021 with an allocation of up to RM30 billion, and is expected to benefit more than five million borrowers. It is essentially an extension of the ongoing targeted financial assistances that are already being offered by most banks in Malaysia. Muhyiddin also said that borrowers will need to reach out to their respective banks for more information.

5 1 vote
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Debt Management Articles
Post Image
Things You Didn’t Know Can Help Reduce Your Credit Card Payment
Desiree Nair
- 14th March 2017
We’ve got a few ideas up our sleeves to help you bring down that bill and possibly even make future payments much more affordable!
Post Image
Tips to Help You Pay Off Your PTPTN Student Loan
Heeral Bhatt
- 25th January 2019
Graduated but piled up with PTPTN debt? Here are a few tips to manage the repayment of your student loan effectively.
Post Image
Cash Advance on Your Credit Card? Here’s What You Need to Know.
Diana Chai
- 5th July 2019
There are days when you need cash on the double and most (if not all) credit cards have this option. But before you run to your ATM; here are some things to think about.
Post Image
Best Balance Transfer Plans In Malaysia (June 2022)
Alex Cheong Pui Yin
- 10th June 2022
(Article updated on 10 June 2022.) Even during regular days, credit card balance transfer programmes are a good […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image