Important advisory: Bayanihan To Recover As One Act Loan Payment Holiday
Advisory on Loan Payment Holiday
To our valued customers,
In accordance with R.A. No. 11494 or the Bayanihan to Recover As One Act (BARO Act), we are implementing a 60-day payment holiday on your CIMB Bank Personal Loan effective this October 1, 2020 until November 30, 2020.
This means that you are not required to settle your installment dues on October 1, 2020 and November 1, 2020. You will not incur interest on interests, penalties, or fees during this period. Your next installment due will be on December 1, 2020.
If you have processed payment for your October 1, 2020 installment due, this will be treated as advanced payment for your installment dues this December 1, 2020.
Click the link below for more information on the BARO Act