Survey to Revise / Increase Repayment Previously Under COVID–19 Repayment Assistance Packages

Survey to Revise / Increase Repayment Previously Under COVID–19 Repayment Assistance Packages

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COVID-19 Repayment Assistance granted in 2020/2021 to affected customers had resulted in higher borrowing/financing cost. However, customer may request to pay higher monthly repayment amount with shorten loan/financing tenure to reduce the borrowing/financing cost should their financial circumstances improves in 2022/2023.

In order for us to assist further, please complete the short survey form below and we shall contact you for further repayment arrangement.

 

Illustration on Benefit of Reducing Borrowing / Financial Cost

Retail Loan / Financing

Benefit (3 options) to increase monthly repayment amount (per RM100K Housing Loan amount):

Outstanding balance : RM100,000.00

Remaining tenure : 240 months (20 years)

Current Monthly instalment : RM600.00

*Pricing : 3.82% (BLR-2.40%/BR+0.80%/SBR+1.32%) (BLR:6.22% p.a./ BR:3.02% p.a./ SBR:2.50% p.a)
(*subject to change)
[BLR (Base Lending Rate) / BR (Base Rate) / SBR (Standardised Base Rate)]

 

Option 1
(15% of increment of the current monthly instalment)

Option 2
(30% of increment of the current monthly instalment)

Option 3
(50% of increment of the current monthly instalment)

Revised Monthly instalment

RM690 per month

RM780 per month

RM900 per month

Estimated savings on borrowing/financing cost

RM8.4K

RM14K

RM19.2K

Shortened Tenure

4 years

6 years 8 years
 

Hire Purchase

Benefit to Reschedule to Higher Instalment Amount and Shorten Loan Tenure

 

Remained under Current Terms

Increase Instalment and Reduce Tenure

Loan/Financing Amount (Including Hiring Charges)

RM100,000.00

RM100,000.00

Annual Percentage Rate (APR)

4.65%

4.65%

Hiring Period (in Years)

12 years

9 Years (Tenure shorten by 36 months)

Maturity Date

30/07/2034

30/07/2031

Hiring Charges

RM30,720.00

RM22,590.00 (Savings RM8,130.00)

Instalment

RM908.00

RM1,136.00

 

Benefit to Pay all the 6 Deferred Instalment now

 

Remained under Current Terms

Pay All The 6 Deferred Instalment Now

Hiring Period (in months)

114

108 (Tenure shorten by 6 months)

Maturity Date

10/07/2029

10/01/2029

Instalment

RM772.00

RM772.00

Interest / Compensation charged on Deferred Instalment at prevailing Annual Percentage Rate (APR) of 4.57% with effect from 01/07/2021 until full settlement

RM1,165.18

RM166.85

(Interest / Compensation incurred up to full payment date e.g 01/09/2022) (Savings RM998.33)

Note: Hirer is to pay all the 6 deferred instalments totaling RM4,632.00 by 01/09/2022

 

For targeted customers who received PBB/PIBB Email OR SMS invitation, please complete the 4 questions survey form now to learn to reduce borrowing/financing costs

IT ONLY TAKES A FEW MINUTES 

 

Digital Survey Form

Manual Survey Form

Retail Loan Survey Form

(Confine to Targeted Repayment Assistance customers only)
CLICK HERE

(To complete the survey form)

CLICK HERE

(To download and email your completed manual form to CCS@publicbank.com.my)

Note: Please complete the questionnaire within 7 days from receiving PBB/PIBB Email OR SMS invitation in last week of August 2022. Please look up for upcoming PBB/PIBB announcements @ PBe Website / ATM / Social Media and digital application @ PBe Website for retail TRA customers who wish to increase the monthly instalment if your financial circumstances improve in order to reduce additional borrowing/financial costs/shorten loan tenure through re-amortisation of repayment arrangement in last week of October 2022.

Hire Purchase Survey Form

CLICK HERE

(To complete the survey form)

CLICK HERE

(To download and email your completed manual form to hpcovidsupport@publicbank.com.my)

Note: Customers are to complete the questionnaire by 31 March 2023. Please look up for upcoming PBB/PIBB announcement @ PBe Website / ATM / Social Media. Customers who wish to revise monthly instalment upwards in order to reduce additional borrowing/financial costs can approach the Bank anytime during the loan/financing tenure should their financed circumstances improve.

 

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