How can borrowers apply for the AIM loan moratorium?

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Borrowers can apply for a targeted loan moratorium at their respective branches in January.

Amanah Ikhtiar Malaysia (AIM) is providing a targeted loan repayment moratorium for its 'Sahabat' borrowers who have experienced livelihood impacts due to the Covid-19 pandemic. Eligible borrowers facing repayment difficulties can initiate their application process at their local AIM branches starting in January. This initiative allows for a deferral of payments ranging from two to three weeks, with the possibility of extensions up to a full year, subject to individual assessments.
Application Period and Location

The application window for this targeted moratorium opens in January, allowing affected borrowers to visit their specific AIM branches to submit their requests. This approach ensures that borrowers can access the support directly from the institution that manages their loans.
Targeted Moratorium Details

The moratorium is specifically designed to assist 'Sahabat' who are genuinely struggling to meet their loan obligations. Approved applicants can delay payments for an initial period of two to three weeks. This deferral can be extended incrementally, potentially up to one year, based on ongoing assessments of the borrower's continued inability to service the loan.
Eligibility Checks and Monitoring

Each application for the moratorium will undergo a thorough check and monitoring process. This due diligence aims to verify that the benefit is extended only to borrowers who are demonstrably deserving and facing genuine financial hardship.
Previous Moratorium Impact

AIM previously implemented an extended payment moratorium from November 9 to December 6, in response to the Conditional Movement Control Order (CMCO). This earlier initiative benefited 262,000 Sahabat nationwide and involved a postponement of loans totalling RM164 million.

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How can borrowers apply for the AIM loan moratorium?

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