BANKS OFFER MORATORIUM FOR FINANCIAL RELIEF
Association of Banks in Malaysia (ABM) has announced that the members are willing to address the adverse financial circumstances faced by borrowers due to 2019-nCoV outbreak, options may include loan rescheduling & restructuring and/or moratorium on loan repayment(s).
Such assistance is subject to independent assessment conducted by banks on case-to-case basis
What is a moratorium?
In banking, a moratorium is a temporary suspension or delay of loan repayment, in which the borrower is not obligated to make a payment for the period of 6 months.
Banks that have already announced their Financial Relief Programme
Some banks have already announced their Financial Relief Programme such as moratorium or payment holiday up to 6 months:
Bank Item For more information
1 Maybank Includes affected industries and Online Form individual employees. https://www.maybank2u.com.my/ma ybank2u/malaysia/en/personal/form/l All types of loans/ financing are covered. eadgen_loan-moratorium.page
Website: www.maybank2u.com.my
Press Release https://www.maybank2u.com.my/ma ybank2u/malaysia/en/personal/anno uncements/2020/March/announcem ent_moratorium.page
2 CIMB Bank Individual and business Contact Number: 03-6204 7788
All types of loans / financing except outstanding credit card bills. Kenyataan Akhbar https://www.cimb.com/en/newsroom/ 2020/cimb-expands-financial-relief- programme-to-customers-affected- by-covid-19-outbreak.html
Bank Item For more information
3 RHB Bank Individual and business Email: [email protected] All types of loans/ financing are covered. or customer@[email protected] m
Hotline: 03-9206 8118
Website https://www.rhbgroup.com/
4 Hong Individual and business Website: https://www.hlisb.com.my/ Leong Bank All types of loans/ financing are covered. Hotline: 03 7626 8899
5 Ambank Individual and business Website https://www.ambank.com.my/eng/an All types of loans/ financing are covered. nouncements
Hotline : 603 2178 8888
Email: [email protected]
6 BSN Individual and business Hotline: 1300 88 1900
All types of loans/ financing are covered. Email: [email protected]
Website: https://www.mybsn.com.my/
Press Release by The Association of Banks in Malaysia: https://www.abm.org.my/media- room/press-releases/item/287-commercial-banks-stand-ready-to-assist-businesses-affected- by-the-novel-coronavirus-2019-ncov-outbreak
What can you do?
If you have ASB Financing and need assistance to relief your financial burden, please call the bank and ask if you are eligible for the moratorium.