Bank Islam offers moratorium to flood victims, up to 6 months

Bank Islam Malaysia Bhd is offering flood victims a loan moratorium of up to six months, subject to terms and conditions.

The bank said the moratorium applies to those who have housing loans, personal loans, and vehicle hire purchase loans while affected micro, small and medium-sized businesses (MSMEs) can also apply for the moratorium.

Under this facility, eligible e-micro-enterprises can apply for financing of up to RM150,000, while the financing size for SMEs is RM700,000 with a tenure of seven years, including a moratorium of six months.

“The moratorium is also made available to Bank Islam’s existing MSME customers while financial assistance is open to all credit facilities with scheduled or contractually due payments, specifically the Term Financing Facilities, Revolving Credit & Cash Line Facilities, and Trade Facilities,” said Bank Islam in a statement.

Bank Islam also offered to waive fees and charges for replacing debit-i cards and chequebooks damaged in the floods.

It also offered Disaster Relief Funds (DRF) to ease the financial burden of clients and help them recover and return to their normal businesses.

“Applications for the DRF can be made at the nearest Bank Islam branch for operations that resume within three months of the disaster,” said the bank.

Customers can gather more information about the various assistances offered by surfing the www.bankislam.com/program-prihatin-banjir/ website.

Customers can also contact Bank Islam’s call centre at contactcenter@bankislam.com.my or 03- 26 900 900 for more information or email smeassist@bankislam.com.my.

- Bernama

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