Loan Restructuring Malaysia
A Leading Loan Restructuring Agency in Malaysia
Financial Recovery with Loan Restructuring in Malaysia
Moreover, debt restructuring is different from debt consolidation. Debt restructuring requires intensive coordination among banks to secure an agreement on the restructuring packages.
- 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
Benefits of Loan Restructuring in Malaysia
Cons of Loan Restructuring in Malaysia
How Can We Help
Rejected Loan
However, this service is exclusive to those with a basic income of RM 5,000 and EPF deductions; other income types are ineligible.
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Loan Restructuring with Bluebricks
- Reviewing the financial position of the customer
- Identifying issues or factors for the underperformance or which had resulted in the company being in financial distress
- Evaluating the customer's short-term and long-term options
- Developing and assisting in the implementation of our debt restructuring strategies
- Serving as a financial adviser for lenders
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Why Bluebricks?
One of the Top 10 Leading Loan Agencies in Malaysia
Over 10 Years of Experience
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.
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No Upfront Payment Required
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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.
