Banks ready to help families of Malaysians missing in Nepal flash floods
The next of kin had appealed for a moratorium on their loans and financial commitments while they try and resolve the legal status of their loved ones.
Fifty-four Malaysians remain missing after flash floods and mudslides struck a region near the Nepal-Tibet border on August 26. (EPA Images pic) In a statement to Bernama, Bank Negara Malaysia revealed that banks are prepared to aid the families of the missing Malaysians. Assistance may include repayment deferrals, waivers of fees and charges, and more flexible documentation requirements until legal matters are resolved.
The central bank pledged to collaborate with financial institutions to provide timely support to those affected by the disaster. The families of the missing Malaysians had appealed for a temporary reprieve on their loans and other financial commitments while they addressed issues concerning their loved ones. They emphasized they were not requesting debt forgiveness but instead sought to avoid additional financial hardships, late payment consequences, collection actions, or other complications as their loved ones' legal statuses remained unclear.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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