Does the moratorium cover monthly instalments for all AmBank loan types?

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AmBank Group Offers Flood Relief Moratorium for All Loan Types

AmBank Group has announced its readiness to provide a flood relief moratorium of up to six months for customers impacted by recent flooding. This measure is specifically designed to cover monthly instalments or repayments across all loan and financing facilities, encompassing credit card facilities. The initiative aims to alleviate financial distress for those affected by the natural disaster.
Moratorium Covers All Loan and Financing Facilities

The flood relief moratorium offered by AmBank Group extends to all types of loans and financing facilities provided by the bank. This comprehensive coverage includes not only standard loans but also credit card repayments, ensuring a broad spectrum of financial obligations are addressed during the relief period. The intention behind this wide-reaching policy is to offer substantial support to customers facing difficulties.
Six-Month Duration for Financial Relief

Customers eligible for the moratorium can benefit from a relief period of up to six months. This duration is intended to provide a significant window for individuals and businesses to manage immediate needs and recover from the impact of the floods without the pressure of immediate loan repayments. AmBank Group stated its commitment to assisting customers during this challenging time.
Additional Support and Assistance Measures

Beyond the moratorium, AmBank Group is also waiving incidental and replacement charges for essential documents and cards, such as passbooks, cheque books, fixed deposit certificates, and ATM, credit, and debit cards. Furthermore, the bank continues to support vulnerable customer segments, including B40, M40, and micro-enterprise customers, through its Targeted Repayment Assistance (TRA) programme, which has been extended to June 30, 2021, to aid those affected by job losses or income reductions due to the COVID-19 pandemic.

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Does the moratorium cover monthly instalments for all AmBank loan types?

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