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CIMB Waives Late Charges And Offers RM700,000 Relief Facility For SMEs

Business Today ·  12:18
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CIMB Group Holdings Berhad has offered cash aid for those affected by the floods and a six-month payment relief on loan and financing products to help alleviate their financial burden.

Customers can simply just apply provide their basic information to receive the Flood Relief Assistance Plan. In addition, late charges and fees for impacted customers will be waived. SME customers who are impacted by the floods and may require
additional cashflow assistance on top of the payment relief, can apply for a Disaster Relief Facility of up to RM700,000 at a preferential financing rate.

It said charges would be waived for credit/debit card replacements, statement requests or replacements of damaged passbooks and bankers' cheques too. CIMB added that it will work closely with its insurance partners to expedite the processing of insurance claims due to the floods in affected areas.

In addition to the Flood Relief Assistance Plan for customers, CIMB through its corporate social responsibility ("CSR") arm, CIMB Foundation and CIMB Islamic has committed RM2.5 million to provide community assistance for flood victims as well as recovery support post-floods.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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