KUALA LUMPUR: Individuals and businesses affected by the Covid-19 pandemic will be eligible for a six-month moratorium or a 50 per cent reduction in instalments from Alliance Bank Malaysia Bhd, as part of the government's Pemulih aid package.
The bank will not compound interest or profit during the 6-month moratorium or payment relief period.
"We understand that individuals and businesses are facing financial stress, and we want to help.
"In addition to the standard payment relief packages - a six-month moratorium or 50 per cent reduction of instalments - customers can customise their payment relief packages," group chief executive officer Joel Kornreich said in a recent statement.
There will be no impact on customers' Central Credit Reference Information System (CCRIS) record if they apply for the bank's payment relief assistance package before 31 December 2021.
Individuals and businesses can benefit from the bank's innovative payment relief assistance programmes that are available.
Customers can seek assistance by completing the e-form on the bank's website, contacting its official WhatsApp channel, or calling the contact centre.
"We urge our customers to contact us as soon as possible to get the help they need," Joel said.
The bank is also focused on helping its SME clients emerge stronger post-pandemic.
"Our non-financial solutions such as BizSmart Solution and the Halal in One programme help businesses not only to stay resilient but to reposition themselves for higher growth as the economy improves," he said.
