Cuepacs proposes extending maximum loan tenure to prevent bankruptcies

THE Finance Ministry and Bank Negara must look into extending the maximum loan tenure to increase disposable income and prevent bankruptcy, Congress of Unions of Employees in Public and Civil Services (Cuepacs) president Adnan Mat said.

He said borrowers would then have the option of having lower loan repayments as they deal with the impact of the Covid-19 pandemic and higher cost of living.