A moratorium on repayment of bank loans by borrowers affected by the COVID-19 slowdown will be extended for a further six months, Finance Minister Edward Scicluna said on Wednesday. 
Borrowers now also have until September to apply, extended from June 30.
The moratorium, which originally applied for six months, can now run for a full year.

It applies to credit facilities sanctioned prior to March 1, 2020 – to individuals, households or businesses which can show that they were negatively affected by the COVID-19 economic slowdown.
The loan repayments will then be set by banks with individuals and businesses, either by extending the repayment period or by altering the interest rate.




Independent journalism costs money. Support Times of Malta for the price of a coffee.

Support Us