Maybank: Over 99% of applications processed for repayment aid approved

Maybank’s group CEO of community financial services, Datuk John Chong said the repayment assistance packages include additional months’ deferment of loan or financing repayments for those recently unemployed as a result of the Covid-19 pandemic.

KUALA LUMPUR: More than 99% of applications for repayment assistance which have been processed by Malayan Banking Bhd as at Oct 15 have been approved, it said.

In a statement on Tuesday, the bank said these comprise applications by both individuals and SME customers who are seeking additional financial support following the end of the six-month blanket loan moratorium on Sept 30.