KUALA LUMPUR (Aug 3): Public Bank Bhd and CIMB Group Holdings Bhd are ready to provide further loan repayment assistance to help severely affected customers who continue to experience difficulties in servicing their loans upon the expiry of the six-month loan moratorium on Sept 30, 2020. As part of its loan repayment assistance programme, it also provides support to individual customers who have encountered salary reduction, and SME customers who are experiencing cash flow constraints due to the Covid-19 pandemic. "Public Bank has also developed a digital platform to enable eligible customers to submit online applications for rescheduling of their repayment plans. For those whose livelihoods have not been affected, CIMB strongly urges them to resume payment of their loans/financing in October 2020. All customers, affected or otherwise, will be notified with a letter from the bank, informing them of the next steps," CIMB added.

Source: The Edge Markets August 03, 2020 09:11 UTC