BUSINESS

HSBC MALAYSIA ANNOUNCES MULTI-PRONGED SUPPORT FOR CUSTOMERS

15/06/2021 01:19 PM

KUALA LUMPUR, June 15-- HSBC Malaysia is offering a range of specific loan and financing relief measures to support its most vulnerable personal and business customers.

In a statement today, the bank said HSBC customers can apply for a three-month loan deferment (moratorium) or a 50 per cent reduction in their monthly instalment payment for six months.

“Customers can apply for the assistance if they had lost their jobs in 2020 or 2021 or had incomes or household incomes affected by COVID-19,” it said.

It added that micro-enterprises and/or small and medium-sized enterprises that are not permitted to operate during the Movement Control Order 3.0 may also apply for assistance. 

HSBC Malaysia’s chief executive officer, Stuart Milne said HSBC remains steadfast in supporting its customers and the economic greenshoots that have emerged in Malaysia this year.

“Whilst unwavering, our support needs to be more nuanced than the blanket relief approach that has been applied in 2020.

“This means helping our most financially vulnerable with specific relief measures while using wider measures to financially back-stop the remainder of our customer base,” he said. 

-- BERNAMA


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