CIMB, Bank Rakyat loan moratorium application opens today

CIMB Bank Bhd and CIMB Islamic Bank Bhd’s individual, microenterprise, and affected small and medium enterprise (SME) customers can now opt-in for a six-month loan moratorium, with approvals to be given automatically to help with cash flow during the pandemic.

In a statement today, the CIMB Group said customers are also given alternative options to choose from, such as a 50 percent reduction in instalments for six months on credit facilities such as mortgages, ASB loans/ financing, and variable rate credit facilities.

“Customers can also opt for a...