Retail Loans/Financing 2022 Repayment Assistance

Retail Loans/Financing 2022 Repayment Assistance

2022 Standard RA Package (Digital and Manual Opt-In)

Option

Income Reduction

1st 6 months

(Rolling 6 months)

7th to 12th Month

(Rolling 6 months)

13th Month onwards

(with reamortization/extension of loan tenure)

1

> 50%

Pay 25% of existing monthly loan/financing instalment

  1. 50% of existing instalment; OR
  2. Monthly loan interest/financing profit/ rental

    (whichever higher)

Resume 100% existing instalment

2

25% to

<50%

Pay 50% of existing monthly loan/financing instalment

  1. 50% of existing instalment;OR
  2. Monthly loan interest/financing profit/ rental

    (whichever higher)

3

<25%

Pay 75% of existing monthly loan/financing instalment

  1. 75% of existing instalment; OR
  2. Monthly loan interest/ financing profit/ rental

    (whichever higher)