Need further extension on your loan repayments?
For many it is the end of the road of payment deferrals on rent and debt repayments. After banks gave extension for 3 months and another 3 months, they are reluctant to extend this further. Some sectors are still pretty much closed down, like the safari and entertainment industries. We advise you to talk to your bank again before you default on your loans. Try to negotiate at least for a reduced instalment. Should your bank require further motivation, ask any of the organisations you are affiliated with, including KLCBT, to provide a letter on how your sector is impacted, especially in our region. This might help to get a reduction in instalments.