HONG Leong Bank and Hong Leong Islamic Bank will be providing additional targeted assistance to customers who foresee some difficulties in restarting their regular payments come October.

Targeted assistance will be extended to individuals and small and medium enterprise (SME) customers based on circumstances, it said.

The assistance plans include additional three-month payment deferment, based on the terms provided under the current moratorium, to borrowers who have lost their jobs as a result of the Covid-19 pandemic.

In cases where customers have suffered a reduction in income due to the pandemic, the bank will extend a commensurate reduction in their monthly loan/financing instalment(s) for a period of six months, starting October 1.

The bank will re-assess the customers’ financial position before the end of the six-month period to extend additional support to those that who still need further assistance.

For more information, visit www.hlb.com.my/relief. – Bernama, July 31, 2020.