Meanwhile, CIMB Group Holdings Bhd lost 11 sen or 2.68% to RM3.99; RHB Bank Bhd slid 4 sen or 0.74% to RM5.38. RHB Banking Group also makes no warranties as to the status of this link or information contained in the website you are about to access. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz will be discussing with banks regarding the moratorium extension, which is set to end in September. The FAQs is subject to revision by the Bank in line with regulatory updates. You can also email us at. Would all new loan / financing disbursed after 1st April 2020 qualify for the moratorium? However, since the March 2020 instalment has already been billed to you, you may still see the payment becoming due on that date via RHB Now internet banking. Malayan Banking Bhd (Maybank) fell 2 sen or 0.26% to RM7.73, CIMB Group Holdings Bhd fell 4 sen or 1.12% to RM3.56, while BIMB Holdings Bhd fell 7 sen or 1.99% to RM3.46. 16. What should I do if the payment for my loan/financing (except credit card) is through Standing Instruction (SI) via RHB current/savings account which was earlier self-arranged at RHB branches? If you are paying directly to the Bank, you are automatically eligible for this moratorium as long as your loan/financing not in arrears exceeding 90 days as at 1 April 2020. All loan/financing customers (except credit card) are eligible for the moratorium with below criteria: All loan/financing customers (except credit card) that meets the criteria in Question 1 will automatically qualify for the deferment. If the requests for R&R are received on or before 31 December 2020, the loan/financing will not be classified as R&R in CCRIS. Phone Number : 03-7626 8899 . 13. We have moved to a targeted assistance approach that provides relief options to customers who are most affected. 12. What should I do if the payment for my loan/financing (except credit card) is through future dated/recurring transactions that I have setup in RHB Now Internet Banking? 6. Yes, only for overdraft facility where the balance is in excess of the approved limit, subject to meeting the criteria specified in Question 1. Otherwise, payments meant for monthly instalment once the loan/financing is fully released will go towards settling the outstanding progressive interest/profit, resulting in lower payment towards reducing your principal balance. RHB Bank. You may enrol into the moratorium programme (from 1 April until 30 Sept 2020) and continue to pay same monthly instalment from Oct 2020 until Original Maturity Date. Public Bank has released the details of its Covid-19 assistance for those who will still be in financial difficulties upon the expiry of the ongoing six-month loan moratorium on 30 September 2020, which is open for applications starting today. 27 posts Read More. If you would like to enjoy the moratorium, just stop making payment in the following months. SMEs in Tier 1 and 2 Sectors can opt to defer up to 80% of principal payments on their secured loans granted by banks or finance companies, as well as loans granted under Enterprise Singapore’s Enhanced Working Capital Loan and Temporary Bridging Loan Programme till 30th June 2021. However, if you face difficulties in paying your instalment at the end of the Moratorium period, please do not hesitate to contact us. FAQ updated as at 11 June 2020. 17. This link is provided for your convenience only, and shall not be considered or construed as an endorsement or verification of such linked website or its contents by RHB Banking Group. Interest/profit will continue to be calculated on the outstanding balance on a daily basis but this will only be charged to your overdraft account at the end of the moratorium. If you wish to know more, please contact us at: For individual customers. Therefore, you need not pay for the 5 April 2020 due date. Post-Moratorium Repayment Assistance Programme for Individuals and SMEs. SMEs that are not included in Tier 1 & 2 sectors can opt for debt moratorium till 31st March 2021. "There have been requests from those who need more time. What should I do if I usually make loan/financing payment via Self Service Terminal / Over-the-Counter at RHB branches? 9. According to the associations, the extension will apply to all targeted repayment assistance schemes announced previously. What should I do? The consequential extension of tenure arising from the automatic moratorium is allowed, subject to the maximum loan/financing tenures of 35 years for home financing. 20. rhb You are about to enter a third party website and RHB Banking Group's privacy policy will cease to apply. You will need to settle the 6 months deferred instalment with an extension of 6 months at end of Original Maturity Date with no additional interest / profit charges. The interest/profit arising from the deferred payments of 6 months will not be compounded during the moratorium period. I have an issue that is not covered here and I need to speak to an RHB staff about it. In particular, borrowers/customers who have lost their jobs, in 2020 or 2021, can apply for payment relief for a period of three months any … If you are currently paying to AKPK, please reach out to them for assistance. You may stop making your loan/financing payment as we will automatically enroll you for the 6 months moratorium. Email: sme@hlbb.hongleong.com.my. Please visit our RHB COVID-19 web page HERE for more information and to complete your opt in process for your Hire Purchase Loans and Fixed Rate Islamic Financing moratorium. Please reach out to them for assistance October 2020 in Support of Green financing 2025! Eligible as well are not in arrears exceeding 90 days as at 1 April before... 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