RHB Bank’s Rakesh Kaul speaks during a media roundtable with CEOs and AKPK in Sasana Kijang September 23, 2020. — Picture by Miera Zulyana
Rakesh Kaul, RHB Bank’s Group Head Retail Banking, said that banks in Malaysia have been making an unprecedented effort amid the Covid-19 pandemic to reach out to all borrowers who may need help with their loan repayments — including through the use of social media. He noted that some SMEs may also feel reluctant to approach banks as they feel that the loan repayment assistance are not in standardised form like property mortgages or hire purchase loans, but pointed out the high approval rate of 100 per cent by RHB for SMEs or individual borrowers who applied for help with flexible loan repayment arrangements.
“So they don’t need to worry, whether to apply or not to apply and fear that in the future this has an impact in terms of them applying for a loan, or asking for a new loan in the future. The various options that borrowers can work out with banks include applying to pay only the interest on their loan for a certain time, paying a reduced loan installment with the reduction in proportion to their salary cut, or prolonging their loan tenure to reduce the monthly installments.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global banks seek to contain damage over US$2t of suspicious transfers | Malay MailHONG KONG, Sept 22 ― Global banks faced a fresh scandal about dirty money yesterday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than US$2 trillion (RM8.24 trillion) in suspect funds over nearly two decades. Britain-based HSBC Holdings Plc,...
Source: malaymail - 🏆 1. / 86 Read more »
FTSE 100 sinks over 3pc on lockdown fears, banks slide | Malay MailLONDON, Sept 22 ― The FTSE 100 marked its worst day in more than three months yesterday as HSBC and Standard Chartered slid on reports the banks were among those that moved allegedly illicit funds, while travel stocks plummeted on fears of more coronavirus-related lockdowns. The blue-chip FTSE...
Source: malaymail - 🏆 1. / 86 Read more »
Banks: 30pc of 1.4 million Malaysia’s borrowers contacted took up loan repayment help, the rest said ‘doing OK’ | Malay MailKUALA LUMPUR, Sept 23 — More than 380,000 of the 1.4 million borrowers that spoke to banks in Malaysia said they would still need help with repaying their loans after the nationwide moratorium on loans expires on September 30, the local banking industry said. In other words, only around 30 per... mmg la kena bayar nanti interest makin naik makin banyak la hutang. tapi kalau dapat PMBARU anwaribrahim MuhyiddinYassin nak extend morotorium lagi bagus jugak 🤣🤣🤣
Source: malaymail - 🏆 1. / 86 Read more »
Banks tell Malaysian borrowers: Don’t wait till last minute, get our help before Sept 30 to avoid overdue loans | Malay MailKUALA LUMPUR, Sept 23 — Malaysians should ask their banks for help as soon as possible before the moratorium or temporary suspension of loan instalments ends on September 30, local banks have said today. The local banking industry today said that borrowers should not put off seeking help until...
Source: malaymail - 🏆 1. / 86 Read more »
Global banks seek to contain damage over suspicious fund transfersThis comes after leaked documents show they transferred more than US$2 trillion in suspect funds over nearly two decades. That's at international level. In Malaysia's context, which banks are used by ISIS-Boko Haram type malay racists terrorists to pay money to all their running dogs? Many pergi semua ni KYC lah, integrity lah, risk management lah, compliance lah? All these untuk Rakyat. Pemimpin2, tokeh2 semua tak ikut. Hypocrite.
Source: malaysiakini - 🏆 20. / 51 Read more »
Almost 100% approval for moratorium extensions by banks, says MuhyiddinAccording to the PM, as at Sept 11, 380,000 out of 1.4 million borrowers requested for further assistance, and 98% of them had their applications approved. FMTNews Bank Moratorium 🙋🏽♂️ ahem.... AmBankMY didn’t even get back to me. Email says details will be passed to our representative from August 17th 😂
Source: fmtoday - 🏆 5. / 72 Read more »