GUIDELINES ON THE MORATORIUM IMPLEMENTATION PROCESS



Application for loan / financing moratorium is open for all customers and borrowers of SCC who has an existing loan / financing account and approval shall be considered on case to case basis subject to the terms and conditions specified in item below:


ENTITLEMENT CRITERIA

  1. Loan/financing approved before 1 July 2021;

  2. Loan/financing is not in arrears of more than 3 months at the time of moratorium's application;

  3. Application of moratorium must be through the Sabah Pay app;

  4. Application for moratorium is open for 6 months only effective from 8 July 2021 until December 2021; and

  5. Loan/financing moratorium are for three (3) months only.


Customers will be notified regarding their application status within 5 working days from application date.