No Compound Interest / Profit On Deferred Loans For SME And Individuals

KUALA LUMPUR, March 27 (Bernama) — As we face the COVID-19 pandemic as a nation, the AmBank Group is committed to ensure we do our best to alleviate the financial load of our customers.

As such, in line with Bank Negara Malaysia’s (BNM) announcement on 25 March 2020 pertaining to “Measures to Assist Individuals, SMEs and Corporates Affected by COVID-19”, AmBank and AmBank Islamic will be offering an automatic payment deferment for loans and financing for all individuals and small medium enterprise (SME) customers. This offer will apply for 6 months effective 1 April 2020. Customers who wish to opt out from the automatic payment deferment may simply continue with their regular monthly instalment payments.

http://mrem.bernama.com/viewsm.php?idm=37049

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