A few days ago, we reported how Hyundai’s Financial arm was offering up to 3 months payment relief for customers during this tumultuous time. Now Ford has joined the Korean carmaker by offering 3 months of payment relief. We asked if Malaysian car brands would do the same. Well, some banks have indeed started to offer financial relief for customers with loans. This includes Hire Purchase Loans and other sorts of loans.
Specifically, Maybank’s relief programme covers up to 6 months for the following types of loans:
- Hire Purchase Loan/Financing
- Personal Loan/Financing
- Mortgage Loan/Financing
- ASB Loan/Financing
- Education Loan/Financing
- SME Loan/Financing
We’ll leave contact information to each bank’s financial relief programme:
- Affin Bank: email [email protected]
- Agrobank: Call 1300-88-2476
- Alliance Islamic Bank: Call 03-55169988
- AmBank: Call 03-2178888
- Bank Islam: Call 03-26900900
- Bank Muamalat: Call 1300-88-8787
- Bank Rakyat: Call 1300-80-5454
- Bank Simpanan National: Call 1300-88-1900
- CIMB: Call 03-62047788
- Hong Leong Bank: Call 03-76268899 or email [email protected]
- HSBC Bank: Call 1300-88-2626
- Maybank: Info | Apply Here
- MBSB Bank: Call 03-20963000
- OCBC Bank: Call 03-83149310
- Public Bank: Call 1800-22-5555
- RHB: Call 03-92068118
- SME Bank: Call 03-26037700
It’s worth noting that the Islamic banking versions of these financial institutions also offer similar relief. It’s also worth noting that you can visit your local bank branch to discuss this. For some reason, Maybank seemed to be the most prepared for an online version of the form through their Maybank2U platform. We wonder when car companies with financial arms will offer similar schemes in Malaysia.
Here’s Maybank’s announcement with more details.
Maybank has introduced a financial relief scheme (i.e moratorium or payment holiday of up to 6 months) for customers impacted by the ongoing Covid-19 virus outbreak and the Movement Control Order. This could also include restructuring and rescheduling of financing facilities, if required.
If you are affected by the current situation and wish to apply for relief for any of the following facilities which you may have with us, please fill up the application form:
- Hire Purchase Loan/Financing
- Personal Loan/Financing
- Mortgage Loan/Financing
- ASB Loan/Financing
- Education Loan/Financing
- SME Loan/Financing
