KUALA LUMPUR, Nov 7 — CIMB Bank Berhad has put into immediate effect a six-month repayment relief on various loans and financing products in an effort to alleviate the burden of customers and staff affected by the floods in Penang and Kedah.

In a statement, it said repayment relief would be applicable to all secured individual and enterprise/commercial banking loans and financing, including home financing, business premises financing, ASB financing and term financing (with overdraft facilities).

It also applies to auto loan/financing; personal financing (Express Cash, Cash Plus-i and Cash Plus Loan); and credit card interest/late charges.

Charges would also be waived for credit/debit card replacement, statement request or replacement of mutilated passbook/bankers’ cheques, and premature fixed deposit (FD) cancellation for FD’s with one-month tenure.

CIMB would also expedite the processing of insurance claims due to the floods in Penang and Kedah.

"We hope the six-month repayment relief and waiver of various service charges would help alleviate their burden as they rebuild their lives during these trying times,” Tengku Datuk Seri Zafrul Aziz, Group Chief Executive of CIMB Group said. — Bernama