KUALA LUMPUR — Nov. 7, 2017: CIMB Bank has decided on a six-month repayment relief on loans and financing products to ease the burden of customers and staff affected by the recent floods in Penang and Kedah.
In a statement today it said that repayment relief will be applicable to all secured individual and enterprise/commercial banking loans and financing, including home financing, business premises financing, ASB financing and term financing (with overdraft facilities).
It also applies to auto loan/financing; personal financing (Express Cash, Cash Plus-i and Cash Plus Loan) and credit card interest/late charges.
Charges will further be waived for credit/debit card replacement, statement request or replacement of mutilated passbook/bankers’ cheques, and premature fixed deposit (FD) cancellation for FD’s with one-month tenure.
The bank will also expedite the processing of insurance claims due to the floods.
“We hope the six-month repayment relief and waiver of various service charges would help alleviate their burden as they rebuild their lives during these trying times,” Tengku Datuk Seri Zafrul Aziz, Group Chief Executive of CIMB Group said. — Bernama