Maybank: Over 99% of applications processed for repayment aid approved

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Of these approved applications, some 38% have been granted a further moratorium on the repayment of their loans/financing.

Maybank’s group CEO of community financial services, Datuk John Chong said the repayment assistance packages include additional months’ deferment of loan or financing repayments for those recently unemployed as a result of the Covid-19 pandemic.Malayan Banking BhdIn a statement on Tuesday, the bank said these comprise applications by both individuals and SME customers who are seeking additional financial support following the end of the six-month blanket loan moratorium on Sept 30.

He said the bank was also processing more applications due to the last minute rush from those who submitted after Oct 1. The repayment assistance packages include additional months’ deferment of loan or financing repayments for those recently unemployed as a result of the Covid-19 pandemic. “We will continue to engage with those facing challenges to assist them with appropriate solutions, ” he added.

 

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