The Minimum Loan Repayment rate has been decreased to
Year 2020-2021
min. payment 5%
Year 2022
min. payment 8%
Year 2023
min. payment 10%
The minimum payment amount will be automatically adjusted in your bill, from April 2020 onwards. You do not need to contact TMRW.
You can also request for the following:
Defer the principal and interest payments for 3 cycles
Convert your outstanding balance* into an installment plan of up to 48 months
(For direct impacted customers as per the Bank criteria, interest rate will be adjusted to 12%)
*Excluding installment transaction occurred before joining this programme
Customers are able to register this Financial Assistance Program from now till 30 June 2020 through:
Can I do more than one instalment plan in the same statement cycle?
Yes, you can. Customers can activate more than one instalment plan in the same statement cycle. However, the reward condition will be based on the total amount converted to instalment plans during that cycle.