Maybank's Covid-19 Financial Relief Scheme
The 6-month moratorium will end on 30 September 2020
All loan/financing repayment will resume in October 2020. If you still require extended support, kindly click here to find out more about how you can apply for the latest repayment assistance under our Covid-19 Financial Relief Scheme.
Kindly refer to the information below in case you still need more details related to the moratorium (ending on 30 September 2020).
6-Month Payment Deferment/Moratorium for Hire Purchase/Hire Purchase-i
In line with Bank Negara Malaysia’s announcement on 30 April 2020, customers who wish to participate in the moratorium will need to provide official confirmation.
Here are some details to note of if you wish to participate in the deferment/moratorium:
- Your hire purchase instalment payment from 1 April to 30 September 2020 will be deferred
- Your loan/financing tenure will be extended for 6 months
- There will be no additional interest/profit charges on your deferred instalment
- Your instalment amount and monthly due date will remain the same post moratorium
- All other terms will remain the same as per your Hire Purchase agreement
If you wish to participate in the moratorium, kindly call our Maybank Auto Finance Centres (click here for contact numbers).
Not sure if the payment deferment plan is right for you? Here are some useful considerations that could help you decide.
6-Month Automatic Payment Deferment / Moratorium (except for Hire Purchase/Hire Purchase-i & Credit Cards)
Effective 1 April 2020, we are granting a 6-month automatic payment deferment (i.e. moratorium) for all types of RM-denominated loan/financing (except for Hire Purchase/Hire Purchase-i and credit cards). To be eligible, your loan/financing should not have any outstanding payment for more than 90 days as at 1 April 2020.
There are absolutely no steps you need to take to enjoy this break from paying your loan/financing. Your standing/auto debit instruction with your Maybank account for the payment of your Maybank loan/financing will also be suspended for 6 months.
What if I do not wish to participate?
- Simply continue paying your monthly instalment
- Or, if you have a standing/auto debit instruction with your Maybank account for the payment of your Maybank loans/financing, please fill out and submit the request form below so that your standing/auto debit instruction will not be suspended. Click here for the step-by-step guide.
Log in to M2U and let us know.
Not sure if the payment deferment plan is right for you? Here are some useful considerations that could help you decide.
Credit Card Relief Assistance Plan
If you have trouble paying off your credit card bill, you can convert your outstanding balance to a monthly instalment programme. Kindly click on the “Apply Now” button below to submit the Credit Card Relief Assistance Form for us to assist you.
Download Corporate Card Form
FAQ (BM) | FAQ (ENG) | BASIC TERMS
For our SME Customers
6-Month Payment Deferment/Moratorium for Hire Purchase/Hire Purchase-i
In line with Bank Negara Malaysia’s announcement on 30 April 2020, customers who wish to participate in the moratorium will need to provide official confirmation.
Here are some details to note of if you wish to participate in the deferment/moratorium:
- Your hire purchase instalment payment from 1 April to 30 September 2020 will be deferred
- Your loan/financing tenure will be extended for 6 months
- There will be no additional interest/profit charges on your deferred instalment
- Your instalment amount and monthly due date will remain the same post moratorium
- All other terms will remain the same as per your Hire Purchase agreement
If you wish to participate in the moratorium, kindly call our Maybank Auto Finance Centres (click here for contact numbers).
Not sure if the payment deferment plan is right for you? Here are some useful considerations that could help you decide.
6-Month Automatic Payment Deferment / Moratorium
Effective 1 April 2020, we are granting a 6-month automatic payment deferment (i.e.moratorium) for all types of RM-denominated loan/financing (except for Hire Purchase/Hire Purchase-i and credit cards). To be eligible, your loan/financing should not have any outstanding payment for more than 90 days as at 1 April 2020.
There are absolutely no steps you need to take to enjoy this break from paying your loan/financing. Your standing/auto debit instruction with your Maybank account for the payment of your Maybank loan/financing will also be suspended for 6 months.
What if I do not wish to participate?
- Simply continue paying your monthly instalment
- Or, if you have a standing/auto debit instruction with your Maybank account for the payment of your Maybank loans/financing, please fill out and submit the request form below so that your standing/auto debit instruction will not be suspended.
Log in to M2U Biz > Loan > Covid-19 Financial Relief Scheme/Moratorium
and let us know.
Not sure if the payment deferment plan is right for you? Here are some useful considerations that could help you decide.
For our Corporate Clients
If you wish to apply for a payment deferment plan, please contact your respective relationship managers to discuss available options.
Not sure if the moratorium is right for you?
Do you have a stable and consistent income stream? If you do, this might not be a critical consideration for you.
Do you foresee having to spend more, resulting in less cash at hand in the next 6 months? If you do, this could help to ease your monthly financial burden.
Do you foresee a huge impact on your business or investment due to the recent events? If you do, this could help to ease your financial burden.
Are you aware of and agreeable to the accrued interest and higher payment amount or longer tenure after the deferment? If you are not comfortable with this term, you can continue with your loan/financing payment.
You also have the freedom to select which loan/financing to continue making instalment payment, while keeping others enrolled into the deferment plan.