Loan Restructuring Malaysia

A Leading Loan Restructuring Agency in Malaysia

Whether you’re enrolled in the APKP’s Debt Management Programme or in need of financial assistance, Bluebricks provides comprehensive loan restructuring services to help. We employ innovative, practical and cost-efficient solutions to restructure your debts, making it easier for you to pay your bills.

Financial Recovery with Loan Restructuring in Malaysia

Loan restructuring is a process where banks offer adjustments to the loan terms to assist borrowers facing financial hardships. This approach helps prevent the adverse effects of late payments on the borrower’s credit score by making debt obligations more manageable.

Moreover, debt restructuring is different from debt consolidation. Debt restructuring requires intensive coordination among banks to secure an agreement on the restructuring packages.

On the other hand, debt consolidation can be carried out with just one bank. A debtor can discuss with their preferred bank on how they can help consolidate their outstanding balances into a single account.
In loan restructuring, creditors may offer various concessions, including:
  • Extending the loan repayment period to lower monthly payments.
  • Reducing the interest rate to decrease the total cost of the loan over time.
  • Lowering the outstanding loan balance, making it easier for the borrower to pay off the debt.

Loan Restructuring vs Debt Consolidation: Their Differences

It’s important to note that loan restructuring is distinct from debt consolidation. Loan restructuring in Malaysia involves detailed negotiations with banks to modify the terms of an existing loan, often requiring coordination among multiple creditors to agree on the restructuring terms.
Conversely, debt consolidation involves combining multiple debts into a single loan, simplifying the repayment process by having just one monthly payment, potentially with more favorable terms.

Benefits of Loan Restructuring in Malaysia

Suppose you own a private or public business and fall into deep debt. You’re missing your payments, and your credit score is being affected. In this case, loan restructuring can help you get back on track financially.
When you restructure your loans, you can negotiate better payoff amounts with your creditor. By doing so, you can improve your cash flow and overcome your financial difficulties.

Cons of Loan Restructuring in Malaysia

However, restructuring your loan can affect your credit score, as your CCRIS and CTOS reports will include a remark indicating the loan’s restructuring. This notation will stay on your record until the loan is completely paid off.
The presence of this remark can make it difficult to secure new loans, as it implies potential repayment challenges. Consequently, this may pose obstacles to obtaining additional financing from banks.

How Can We Help

At Bluebricks, we are committed to providing clear, concise information and support to help you navigate your loan options in Malaysia. We offer a range of solutions, including:

Rejected Loan

Our loan experts analyse the reasons behind your rejection and work with you to enhance your chances of loan approval and clear any adverse records in CTOS/CCRIS.

However, this service is exclusive to those with a basic income of RM 5,000 and EPF deductions; other income types are ineligible.

Increase Loan Amount

We assess your financial profile, providing insights on maximising your eligibility and connecting you with the right financial institutions to meet your specific needs.

Low Interest & Fast Approval

We specialise in finding low-interest loan options coupled with fast approval processes, ensuring you get the financial support you need without unnecessary delays.

Loan Restructuring with Bluebricks

At Bluebricks, we understand that managing your loans can be overwhelming. That is why we offer loan restructuring services to help you rebuild your finances.
The services we offer include:

Get In Touch With Our Loan Experts

Ready to explore your options? Fill out our form to discover how we can help you restructure your loan in Malaysia!
Ready to explore your options? Fill out our form to discover how we can help you restructure your loan in Malaysia!

Why Bluebricks?

One of the Top 10 Leading Loan Agencies in Malaysia

We act as your loan agents and represent not only individuals but also businesses. As technical financial advisors, we work with various borrowers and support you to get your loans approved. You will have access to a wide range of loans, even if banks have rejected you. Our goal is to offer advice that helps ensure your loan applications are successful and not subject to rejection.

Over 10 Years of Experience

Since 2014, we have been assisting clients in securing various types of loans, including personal, business, mortgage, and collateral loans. Our expertise extends to overcoming challenges such as CTOS/CCRIS issues, income documentation problems, and high commitment situations, offering comprehensive solutions tailored to each client's needs.

Moreover, our ten years in the field have equipped us with a deep understanding and up-to-date banking knowledge, enabling us to effectively resolve loan complications. Complex loan scenarios are our forte, ensuring we guide you towards a successful loan approval with confidence.

One-Stop Solution

We offer comprehensive loan services, acting as a one-stop solution for our clients, where we compile a variety of loan options from banks and credit houses for your consideration. All you need to do is provide us with the necessary documentation, including your income statement, assets and liabilities, employment record, and credit history. We will manage your collateral and documentation to facilitate loan approval.

Full Financing with 100% Bank Loans

We understand that financial accessibility is key, which is why we offer 100% bank loan availability. This unique opportunity is perfect if you are in need of complete financial support, providing an accessible path to your goals while also helping you build a positive credit history.

No Upfront Payment Required

We believe in easing your financial journey from the start. With our no upfront payment policy, you can embark on your investment without any initial financial strain, not only reducing your immediate burden but also reflecting our commitment to your satisfaction and trust in our services.

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Loan Restructuring – FAQs

Sometimes when a debtor cannot repay their loan, they will apply for debt restructuring with AKPK or ask their creditor to restructure their loan. For example, the creditor would reduce their payment period.

In both methods listed above, the changes made to your loan would be reflected in your CTOS and CCRIS report. However, the AKPK method comes with a lot of restrictions.

Individuals under AKPK’s Debt Management Programme will have limited access to their lines of credit, such as credit cards. What's more, by enrolling in the programme, their credit score would fall to the 'Poor' category, which is between 300 to 528.

Furthermore, as your CTOS report will show your AKPK status, you may find it challenging to apply for loans, even after you have exited the programme.

This is especially so if you are trying to apply for a new loan, within 7 years after completing the debt management programme, from the same bank you had restructured your loan with.

However, if you have a stable income, a low loan margin (80% or lower), or if you can prove your wealth (e.g. fixed deposit, real estate, etc.), banks are more likely to approve your new loan application.

Therefore, we recommend either refinancing or consolidating your debts. You can benefit from lower interest rates, have more cash on hand and have your loan approved and disbursed quickly.

Debt restructuring is a good alternative if you are unable to afford your payments. However, it will depend on your overall financial situation and the loan restructuring options that your financial institution offers.

Consider your other options first, such as debt consolidation or bankruptcy, to determine what is best for you.

Loan restructuring in Malaysia can affect your credit scores. For example, if you file for bankruptcy, it will appear in your credit reports and hurt your credit scores.

Moreover, even if it was your creditor who offered to change your interest rate to lower your monthly payment, your credit scores would still be affected.