Insight - Aid to battle evolving Covid-19 situation

“Automatic approval will be granted and their records at the Central Credit Reference Information System (CCRIS) will not be affected by any form of repayment assistance received,’’ said Public Bank managing director and CEO Tan Sri Tay Ah Lek (pic).

AGAINST an evolving outlook on Covid-19, banks are facing the challenge from this crisis head-on, with a focus on providing flexible loan repayment and restructuring packages with speedy approvals.

As funds are urgently required, the emphasis in on a ‘quick, simple and seamless’ application process for loan and financing deferment programes. In the case of Public Bank Bhd customers, customers can choose to take part or opt-in for the moratorium with no submission of documents required.