Under the National Recovery Plan, a six-month loan moratorium has been granted for all borrowers, regardless of income group. However, Bank Negara has reminded the public that opting in for the moratorium will increase the overall cost of borrowing. We first look at why this is the case. Then we talk about the pros and cons of opting in, and what you need to know before deciding. Finally, we talk about debt management during a time of economic crisis.

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