Maybank offering financial relief to clients affected by Covid-19

PETALING JAYA: Maybank is providing a special relief facility to its customers who are adversely affected by the ongoing Covid-19 outbreak.

The relief includes restructuring and rescheduling of financing, as well as moratorium on loan repayments for up to six months.

The financial relief will be open to both its business and SMEs (small and medium enterprises) customers, as well as individuals affected by the current situation, and will be assisted on a case-to-case basis.

Customers may apply for collateral-free financing for up to RM1mil from March 6 until Dec 31.

All customers are welcome to walk into any of its over 340 branches nationwide to apply for the facility or discuss possible solutions to overcome the current financial challenges.

“We do understand that this sudden turn of events arising from the virus outbreak has impacted some of our customers across various industries, and also individually, ” said Maybank Group president and chief executive officer Datuk Abdul Farid Alias.

“As their financial partner, we would like to do our part and help relieve them from added distress during this difficult period, in line with our mission of humanising financial services, ” said Farid.

Farid said affected customers were welcomed to contact their branch officers’or relationship managers to discuss possible solutions to overcome any financial challenges they may be facing.

“Should the situation persist, the bank will consider the possibility of extending the moratorium and financial relief for a longer period, ” he added.

In addition to the financial relief by Maybank, the group’s insurance arm Etiqa will provide hospitalisation coverage to its life insurance and family takaful policyholders who fall ill from Covid-19.

For details, visit www.maybank2u.com.my