Debt Moratorium

Debt moratoriums have been included in the economic relief package to support individuals and households who are facing difficulties in meeting monthly debt repayments in this challenging time.

The unprecedent disruption to the economy caused by COVID-19 and the health measures to mitigate it have left many individuals and households financially constrained. To address this, debt moratoriums on personal, housing and student loans have been placed to assist these individuals and households who otherwise could have honoured their obligations.