BSN expects to approve 20,000 applications for MyRinggit-i Banjir scheme


KUALA LUMPUR, Dec 23 — Bank Simpanan Nasional (BSN) expects to approve 20,000 applications for the BSN MyRinggit-i Banjir financing scheme from victims of the recent floods.

Chief business officer Mujibburrahman Abd Rashid said the applications were open to flood victims nationwide, and not only to those affected in the Klang Valley.

“We expect 20,000 applications to be approved. InsyaAllah, the assistance can help ease the burden of those affected by the recent floods,” he told Bernama today.

Mujibburrahman said the process of evaluating and approving the BSN MyRinggit-i Banjir financing scheme applications would be given priority and dealt with 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 of the people, as well as micro, small and medium enterprise (MSME) entrepreneurs affected by the floods.

These include MyRinggit-i Banjir, a personal financing with simple features offered by BSN to ease the burden of flood victims to enable them to buy appliances and home furnishings destroyed during the floods.

Mujibburrahman said the scheme offered total financing of up to RM5,000 without interest for a financing period of 3.5 years, including a moratorium for the first six months on monthly installment payments.

He said the applications would be open online from Dec 27 and the application process would be notified beforehand.

“BSN also offers deferment of monthly financing installments, including financing facilities, personal loans, housing, hire purchase, and credit cards for individual customers, as well as financing and loans to micro enterprises affected by the floods.

“Besides, charges for services for the replacement of BSN debit and credit card lost or damaged in the floods are also exempted,” he added.

BSN customers are advised to always check the notice of the closure of the bank’s branch offices due to floods, which is updated from time to time.