KUALA LUMPUR: Bank Islam Malaysia Berhad (Bank Islam) is offering flood victims a moratorium of up to six months, subject to the terms and conditions set by the bank.
It said the moratorium applies to those who have housing loans, personal loans and vehicle hire purchase loans while affected micro, small and medium-sized businesses can also apply for the moratorium offered.
"The moratorium is also made available to Bank Islam’s existing MSME customers, while financial assistance is open to all credit facilities with scheduled or contractually due payments, specifically the Term Financing Facilities, Revolving Credit & Cash Line Facilities and Trade Facilities,” said Bank Islam in the statement.
"Applications for the DRF can be made at the nearest Bank Islam branch for operations that resume within three months of the disaster," said the bank in the statement.
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