News

Bank Rakyat Offers 6-Month Moratorium For Flood Victims

KUALA LUMPUR, Jan 15 — Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) is offering a six-month moratorium to individuals and businesses affected by massive floods in several states in Malaysia.

The bank said those affected by the floods can apply for the moratorium beginning Jan 20, and it includes deferred payments under Bank Rakyat’s Personal Financing-i, Housing Financing-i, Vehicle Financing-i, Vehicle Hire-i, Education Financing-i, and Micro-i Financing.

Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar lauded the bank’s initiative.

“Many people are already facing financial constraints as a result of the COVID-19 pandemic which is plaguing the country, and the current flood situation has further burdened them.

“We hope the moratorium assistance will help ease the financial burden of clients during these difficult times,” he said in a statement today.

Customers, who wish to apply for assistance, are urged to email morabanjir21@bankrakyat.com.my with relevant information such as their full name, identity card number, affected address, mobile contact number, type of financing, and a utility bill copy.

Affected customers are also advised to check on the bank’s website and branches in flood-stricken areas on the moratorium assistance or call up its call centre at 1-300-80-0800.

Bank Rakyat recently announced a special assistance allocation for flood victims amounting to RM500,000.

The assistance will be distributed through its regional offices and branches, especially in flood-affected areas.

Source: BERNAMA

Adib Mohd

Recent Posts

SEACare 2025 Solidifies Malaysia’s Leadership in Southeast Asia’s Healthcare Landscape

Malaysia’s commitment to transforming its healthcare system takes centre stage this week as SEACare 2025,… Read More

13 hours ago

Drop: A First Date That Turns Into a Psychological Minefield

What happens when trust, trauma, and tequila meet at the same table?  That’s the unnerving… Read More

14 hours ago

SME Bank Collaborates with Autism Cafe Project to Empower Autistic Entrepreneurs

Small Medium Enterprise Development Bank Malaysia Berhad (“SME Bank”) has partnered with The Autism Cafe… Read More

14 hours ago

Pahlawan Malaysia 2025: Malaysia’s Premier Obstacle Sports Competition Set to Energize the Nation at the Curve, Mutiara Damansara

The Malaysia Obstacle Race Sports Association is proud to announce Pahlawan Malaysia 2025, the premier… Read More

14 hours ago

Tesla Malaysia is Celebrating the ‘Earth Week’ to Rewards Owners in Conjunction with a ‘Refer and Win’ Campaign

Embracing the mission to accelerate the world’s transition to sustainable energy, Tesla Malaysia launches the… Read More

15 hours ago

Malaysia’s Viper Niza Racing On The Winners’ Podium At The 12 Hours Of Spa Francorchamps

Malaysians Douglas Khoo, Dominic Ang and Melvin Moh raced to a podium finish at last… Read More

15 hours ago

This website uses cookies.