Through the Financial Management and Resilience Program (URUS), Bank Simpanan Nasional (BSN) is committed to assisting B50 customers affected by the COVID-19 pandemic.
The program, announced by the Prime Minister, Datuk Seri Ismail Sabri Yaakob last October, is a collaboration between the banking industry and the Credit Counseling and Management Agency (AKPK).
BSN Chief Executive, Jay Khairil says, “There is no doubt that many more customers are affected by the Covid-19 pandemic and need support from banks to ease their financial burden.
“Through URUS, almost 300,000 BSN customers comprising the B50 category can get the assistance offered, thus strengthening their financial position.”
According to Jay, through URUS, BSN offered to B50 customers an instalment payments initiative with an interest rate reduction in order to help ease customers’ financial burden.
“URUS is offered to B50 customers with a household income of up to RM5,880 including interest exemption for three months, and/or reduction in instalment payments for a period of up to 24 months including interest rate reduction.
“During this period, customers with unsecured personal financing and credit cards can also benefit from reduced interest rates to help ease their financial burden,” he says.
URUS program applications are open from November 15 to January 31, 2022.
Meanwhile, BSN is also continuing the Repayment Assistance Program and the Empowerment Micro Credit Scheme to assist micro-entrepreneurs affected by the pandemic.
