Employees who are affected by salary cuts or retrenchment and need to service their loan repayments, are advised to liaise with their banks.
“If you have genuine concerns about not being able to make the payments after Sept 30, contact the bank as soon as possible to explain your situation and seek to re-negotiate your loan. Negotiate honestly to find the best way forward,” Fomca’s president Datuk Dr Marimuthu Nadason said in a statement today.
“AKPK will provide counselling or if necessary, would help to restructure your multiple loans, giving serious priority to the consumers’ welfare. Again do not wait! Contact AKPK as soon as possible to enable them to assess your situation and help you,” he advised. “There are issues of job loss, income loss, family pressures and problems, an increase of mental health issues and a whole series of stresses and pressures on individuals, households and families.
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