6 Months Moratorium Announcement Update
15 MAY 2020
Following the recent announcements from Bank Negara Malaysia on 30 Apr 2020 and MoF on 6 May 2020 on Moratorium, Toyota Capital Malaysia like to update that the 6 months moratorium (payment holiday) granted to all our individual and SME customers as long as their account status are not in arrears exceeding 90 days as at Apr 1, 2020, will now require customers to complete the process below to opt in /apply for the moratorium for a 6 months period from 1 April 2020 until 30 September 2020. There will be no additional interest/profit charges on deferred instalment.
Individual customers who wish to continue the 6 months moratorium are required to submit Reply Form before 28 May 2020 to complete the process.
For SME customers, Toyota Capital Malaysia will be sending a letter via email. For those without email address, we shall send by postal mail. For those customers who did not receive our letter, please notify us before 18 May 2020.
For those customers who have already notified Toyota Capital Malaysia in the last few weeks of their choice to Opt Out following the first BNM Announcement (25 March 2020) are NOT REQUIRED to take any further actions. Please continue with the monthly instalment payments.