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CIMB Bank to auto-defer servicing for most commercial term loans in Singapore
Moratorium will exclude restructured and rescheduled accounts, as well as non-performing loan accounts
Add BT as a preferred sourcePublished Wed, Apr 1, 2020 · 09:50 PM
Singapore
CIMB Bank Singapore on Wednesday said it will automatically approve the deferment of principal and interest payments on most of the term loans taken up by its commercial banking customers here, a first in Singapore.
This automatic moratorium will exclude restructured and rescheduled accounts, as well as non-performing loan accounts, said a spokesman.
