KUALA LUMPUR, March 8 (Bernama) — Reinforcing its commitment as a purpose-driven financial institution, CIMB Group Holdings Berhad (“CIMB” or the “Group”) today announced that it will be reactivating its financial obligation payment relief under the CIMB Flood Relief Assistance Plan to individual and business customers that have been affected by the recent floods.
CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will provide a six-month payment relief on loan and financing products for individual and SME/business customers who have been impacted by the flood to help ease their financial constraints. In addition, late charges and fees will also be waived to ensure those impacted are able to access a seamless application process using their basic information/documentation. Subsequently, a Disaster Relief Facility of up to RM700,000 at a preferential financial rate will also be made available for SME customers that require additional cash flow assistance, on top of the payment relief.