Banks: Repayment aid continues to be made available

Borrowers may contact their banks through various channels including online via the banks’ websites, through the banks’ mobile apps, over the phone or at bank branches, ABM said in a statement here today.

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) reiterated today that its member banks continue to make available repayment assistance to affected borrowers as announced previously.

Up to March 26, 2021, approximately 1.6 million applications for repayment assistance have been received, out of which 95 per cent were approved, of which 55 per cent of the approved applications were given an extension of the loan repayment deferment, while the balance 45 per cent were given reduction in instalments.