KUALA LUMPUR – Individual customers and businesses whose incomes have been affected, including those from the M40 and T20 groups, are eligible to apply for financing repayment assistance, said the Association of Islamic Banking and Financial Institutions Malaysia (Aibim).
Aibim president Datuk Adissadikin Ali said this was in line with the movement control order (MCO) 3.0 Pemerkasa Plus assistance, which was announced by the government early this month.
He said Aibim member banks had devised a simple verification process and documentation requirements to make it easier for customers to obtain repayment assistance.
“Individual or business customers, other than the categories mentioned above, facing financial difficulties due to the pandemic or MCO can contact their respective banks for assistance relating to the appropriate rescheduling and restructuring of repayments,” he said in a statement today.
Adissadikin said approval is automatic for applicants who lost their jobs in 2020 or 2021 and have not found a job yet.
The assistance provided is a three-month deferral of financing repayment or a 50% reduction in financing repayment for six months, he said.
He said six-month financing repayment reduction assistance, according to the amount of income reduction, is being offered to applicants who are still working but have experienced a reduction in total income. – Bernama, June 12, 2021
