Highlights

save malaysia!

Author: savemalaysia   |   Latest post: Fri, 27 Nov 2020, 9:33 AM

 

Hong Leong Bank to extend payment relief assistance till June 2021

Author:   |    Publish date:


KUALA LUMPUR, Oct 26 — Hong Leong Bank (HLB) and Hong Leong Islamic Bank (HLISB) will extend their respective HLB Payment Relief Assistance Plans (HLB PRAP) for customers till June 30, 2021. 

In a statement today, the bank reiterated that HLB PRAP is meant to help customers in their recovery journey and includes application for customers who have started making their regular payments but could face challenges down the road.

“Relief assistance includes, but is not limited to, an additional payment deferment period for customers who have lost their jobs or shuttered their businesses, or a reduction in monthly loan instalments with an extended loan tenure corresponding to the customers’ degree of income reduction,” it said.

HLB said it had also dedicated its Credit Card Conversion Relief Plan to help customers manage their credit card debt.

The plan allows customers to convert their outstanding credit card balance into a term loan with the option to opt-in for a 36-month instalment plan at an effective interest rate of 13 per cent per annum (flat interest rate 7.1 per cent per annum).

The bank will accept applications for such flexibility until June 30, 2021.

HLB chief executive officer and group managing director Domenic Fuda said the bank remains focused and agile in ensuring to provide the necessary additional assistance for those in need.

“We’re also extending assistance to clients that have been looking at expanding their business, or automating or digitising their operations, or even to individuals who are looking for new financing to cater for their personal needs,” he added.

Customers may contact the bank’s HLB/HLISB Payment Relief Assistance Plan hotline at 03-7959 1888 or visit www.hlb.com.my/relief for more information. — Bernama

 

https://www.malaymail.com/news/money/2020/10/26/hong-leong-bank-to-extend-payment-relief-assistance-till-june-2021/1916427

Share this
Labels: HLBANK

Related Stocks

Chart Stock Name Last Change Volume 
HLBANK 16.98 -0.10 (0.59%) 7,000 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

256  380  581  1246 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.21+0.01 
 KGROUP 0.060.00 
 ASIABIO-OR 0.015+0.005 
 FINTEC 0.11+0.015 
 IRIS 0.36+0.005 
 PA 0.16+0.01 
 BIOHLDG 0.315+0.025 
 JAKS 0.67+0.025 
 NETX 0.15+0.005 
 BPURI 0.10+0.01 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Should we buy Top Glove since it has been plunging due its 28 factories shut down? Koon Yew Yin Koon Yew Yin's Blog
2. Jaks Resources - Jaks Hai Duong Power Plant Achieved Commercial Operation Date (COD) !!! DK
3. TOP GLOVE LOCKDOWN AND SUPERMAX SHARE PRICE The way I see it
4. Kelington Group Berhad ("KGB") - Above Expectations (TP: RM2.30; +35% upside) by Kenanga Research Investment Ideas - Value and Growth
5. 【Growth成长股】AWC Berhad (7579) – Benefit from Strong Order Book Amounted Close to RM1Bil Sanitize and Disinfection Healthcare Stocks
6. VIVOCOM: End of Day Report (26 Nov 2020) See Jovin
7. Top Glove’s 28 factories shut down should benefit other glove makers - Koon Yew Yin Koon Yew Yin's Blog
8. TOP 10 INTERESTING STOCKS WITH COMMENTS BY CALVIN TAN RESEARCH THE INVESTMENT APPROACH OF CALVIN TAN
PARTNERS & BROKERS