COVID-19 Repayment Assistance

COVID-19 Repayment Assistance

Hire Purchase & AITAB Hire Purchase-i Targeted Repayment Assistance (TRA+) to All Individuals and Business (SME) Customers

BM | CH

Available till 31 December 2021

The Bank is still offering repayment assistance to all COVID-19 affected customers who are facing difficulty to repay their monthly instalment.

 

Targeted Repayment/Payment Assistance Option "The Choice is Yours"

TRA+ Options:

Option

Type of Repayment / Payment Assistance

What is this Option all about?

1

3-month deferment on repayment / payment of instalments

  • Loan / financing tenure will be consequentially extended for 3 months with interest/actual compensation charged/ accrued on the deferred instalment amount at the prevailing Annual Percentage Rate (APR) as stated in the existing HP / AITAB HP-i Agreement until it is fully settled. (Only applicable for fixed rate HP / AITAB HP-i account).

2

50% reduction in monthly instalments for 6 months

  • Loan / financing tenure will be consequentially extended for 3 months with interest/actual compensation charged/accrued on the deferred instalment amount at the prevailing Annual Percentage Rate (APR) as stated in the existing HP / AITAB HP-i Agreement until it is fully settled. (Only applicable for fixed rate HP / AITAB HP-i account).

3

Rescheduling with first 3-month deferment of instalments
(subject to application)

  • Changes in HP/AITAB HP-i repayment schedule by extending the loan tenure with a lower monthly instalment including first 3-month deferment of instalments upon rescheduling.
  • Loan/financing tenure will be extended for maximum of two (2) years. However, customers may request for longer extension tenure exceeding two (2) years to suit their financial situations.

Who is eligible to select TRA+ Option 1 & 2

Option 1:
3-month deferment on repayment / payment of instalments

Option 2:
50% reduction in monthly instalments for 6 months

  • Loss of employment (B40,M40 and T20)
  • B40 recipients of the Bantuan Sara Hidup (BSH) or Bantuan Prihatin Rakyat (BPR)
  • Microenterprises with financing value up to RM150K
  • SMEs including microenterprises that are directly impacted by MCO (locked-down sectors) *

 

*List as defined by Majlis Keselamatan Negara (MKN)

Who is eligible to select TRA+ Option 3

Option 3:
Rescheduling with first 3-month deferment of instalments
(subject to application)

All Individuals and Business customers who have experienced reduction in income.

Other repayment assistance option to suit customer's financial situation remain available