The Central Bank of Malta has issued a directive allowing borrowers who have experienced a negative impact on their income due to the COVID-19 pandemic to apply for a six-month moratorium on loan repayments.
A moratorium is a temporary suspension of a borrower’s repayment obligations. Borrowers eligible for this moratorium will be permitted to postpone capital and interest repayments to a later date – without any penalties or administrative fees.
Source: MaltaToday
Updated: 16:15
