Hong Leong Bank floats extra support plan beyond end-September

Clients who will struggle to restart repaments may get an extension, based on a case-to-case basis.

Malaysia’s Hong Leong Bank (HLB) has established an additional support plan for those who will still need COVID-related assistance beyond September 2020, according to an announcement.

The HLB/HLISB Payment Relief Assistant Plan was set up as the original six month loan/financing moratorium is ending on 30 September.

Customers are urged to assess their current and expected financial position come 1 October so they could make proper arrangements as early as possible.

For clients who expect some difficulties in restarting their regular payments on 1 October, HLB/HLISB is committed to extending additional assistance on a case-to-case basis.

Support available for both individual and business clients include interest/profit only payments for a certain period of time, reduction in monthly installments, step-up installments, extension of installment deferment for an additional limited time, and revolving facilities repayment plan.