Alliance Bank offers repayment relief for flood-hit borrowers
Eligible customers can apply until March 31, 2027, with assistance including a repayment moratorium lasting up to six months.
Alliance Bank Malaysia Bhd is making repayment adjustments and fee waivers available to customers and businesses affected by floods. The bank said its Flood Relief Assistance programme also offers borrowers a moratorium lasting up to six months.
Applications close on March 31, 2027. The assistance covers eligible conventional loans alongside Islamic financing facilities. It extends across consumer banking, commercial banking and corporate banking, as well as the small and medium enterprise segment.
For selected replacement services, the bank will waive the associated fees and charges. These include replacements for flood-damaged or lost cheque books and passbooks, as well as debit cards and ATM cards.
In a statement, group chief executive officer Kellee Kam acknowledged the difficulties customers and employees faced after the floods. He encouraged affected customers to discuss their individual circumstances with the bank and explore assistance under the programme.
