KUALA LUMPUR – Malayan Banking Bhd (Maybank) has extended its repayment assistance packages to customers affected by the movement control order (MCO) and impact of the Covid-19 pandemic.
In a statement today, Maybank said the repayment assistance packages included loan deferments for a period of three months, or a 50% reduction in monthly instalment payments for a period of six months.
“This is available to all individual B40 customers registered under the Bantuan Sara Hidup/Bantuan Prihatin Rakyat programme and customers from any income segment who have lost their jobs as a result of the pandemic or MCO,” it said.
It said it was also available to micro-enterprises with loan facilities of not more than RM150,000, as well as small and medium enterprises (SMEs) not permitted to operate during the MCO.
Maybank said it is also offering a commensurate reduction in monthly instalment repayments for any individual customer, regardless of income classification, or micro-enterprises and SMEs that had experienced a reduction in income (including household income for individuals).
“Other borrowers who do not fall under the above categories, but who may be experiencing financial challenges during this MCO may also discuss alternative repayment assistance packages with their banks to help them overcome their difficulties during this period,” it said.
Group president and chief executive officer Datuk Abdul Farid Alias said Maybank understood that customers impacted by the pandemic and current movement restriction would face challenges in meeting their repayment obligations.
He said the bank would ensure that its customers continued to have access to the assistance they require, to ease their burdens and get them through this difficult period. – Bernama, June 8, 2021
