BSN plans to approve 20,000 applications for the MyRinggit-i Banjir program
KUALA LUMPUR: Bank Simpanan Nasional (BSN) plans to approve 20,000 requests for BSN MyRinggit-i Banjir funding from victims of recent floods.
Business director Mujibburrahman Abd Rashid said applications were open to flood victims across the country, not just those affected in the Klang Valley.
“We expect 20,000 requests to be approved. InsyaAllah, aid can help ease the burden on those affected by recent flooding,” he told Bernama today.
Mujibburrahman said the process of reviewing and approving BSN MyRinggit-i Banjir funding requests will be prioritized and addressed as soon as possible.
Prime Minister Datuk Seri Ismail Sabri Yaakob yesterday announced four initiatives that would be implemented by government agencies and the banking sector to ease the burden on the population, as well as micro, small and medium enterprise (MSME) entrepreneurs affected by flooding.
These include MyRinggit-i Banjir, a personal fundraiser with simple features offered by BSN to ease the burden on flood victims to enable them to purchase household appliances and furniture destroyed during the floods.
Mujibburrahman said the program offered total funding of up to RM 5,000 without interest for a funding period of 3.5 years, including a moratorium for the first six months on monthly payments.
He said applications will be open online from December 27 and the application process will be notified in advance.
“BSN also offers deferral of monthly financing payments, including financing facilities, personal loans, housing, hire-purchase and personal credit cards, as well as financing and loans to affected micro-businesses. by flooding.
“In addition, replacement service charges for BSN debit and credit cards lost or damaged in flooding are also exempt,” he added.
Customers of BSN are advised to always check the notice of bank branch closures due to flooding, which is updated from time to time. -Bernama