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See also: Moratorium Series 1: Public Bank
Table of Contents
Like its counterparts, both CIMB and Maybank have also stepped up to support Malaysians in the aftermath of the Covid-19 pandemic. In the third and final part of our moratorium series, we’ll be taking a look at the moratorium assistance offered by CIMB Bank and Maybank.
CIMB customers who meet the following eligibility criteria may apply for this programme:
Categorised as B40 and registered under the Bantuan Sara Hidup (BSH) or Bantuan Prihatin Rakyat (BPR) database, and meeting these criteria:
There are two options under this initiative, which are:
However, customers are advised to take note that for both options, interest/profit will continue to accrue on the deferred amount. Customers must also take note that they are only allowed to choose one of the options above, which cannot be changed after selection.
To apply, you may call CIMB’s contact centre at +603-6204 7788 or walk-in to any CIMB branches. Click here to find out which is the nearest CIMB branch to you.
Do take note that the deadline to apply is June 30, 2021, and the programme will begin in the month after your application.
There are no documents required by CIMB.
FAQs for TPA
I had earlier opted-out of the six-months automatic moratorium programme from April to September 2020. Can I still apply for this?
Yes, but you must meet the eligibility criteria stated above.
I have a joint facility with my husband. He falls under the B40 category, but I do not. Are we still eligible to apply for this programme?
Yes, you are.
I am not under the B40 category. However, I have been affected by the pandemic. Can I still get assistance?
Yes, you can. If you have:
You may reach out to CIMB via:
The Additional Targeted Repayment Assistance (TRA) by Maybank are eligible for its individual customers who are B40 individuals who are recipients of Bantuan Sara Hidup (BSH) or Bantuan Prihatin Rakyat (BPR). Maybank has provided this link to check your status easily.
However, the following conditions apply:
Eligible customers may choose from these two options that are best suited to their needs:
Upon your selection, Maybank will then package it into a comprehensive repayment assistance plan. However, do take note that the interest/profit will continue to be charged on the outstanding balance and accrued during this deferment. This is applicable to both conventional and Islamic loans/financing.
To apply, you have several options, which are:
Do take note that the deadline to apply is June 30, 2021.
No documents needed if you meet the eligibility criteria.
FAQs for TRA
I have previously opted out of the automatic moratorium assistance, but I would like to apply for TRA. Is this possible?
Yes, you may do so if you meet the eligibility criteria.
How will I know the results of my application?
You will be notified via email, SMS, or phone call.
I am not under the B40 category and I fall under the M40 category. I need financial assistance from Maybank. What are my options?
You may apply for assistance under the ‘Repayment Assistance’ Programme.
If you are:
You may submit your application via any of these options:
The Group Chief Executive Officer of CIMB Group, Dato’ Abdul Rahman Ahmad was quoted in saying that “CIMB stands ready to assist and will continue to prioritise the financial well-being and economic resilience of our customers through our Expanded Targeted Payment Assistance (TPA) and other ongoing relief programmes.” A similar stance of support can be evidenced from other local players in the financial landscape such as Public Bank, Bank Islam, and Maybank and it is indeed heart-warming to see that the #kitajagakita spirit is alive and well in Malaysia.
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