NO SPECIAL TREATMENT IN MARA LOAN REPAYMENTS, SAYS CHAIRMAN

ALOR SETAR, Oct 26 (Bernama) — Majlis Amanah Rakyat (MARA) does not grant any special treatment or exemptions to individuals in matters related to loan repayment, its chairman Datuk Dr Asyraf Wajdi Dusuki said. 

He stressed that MARA does not consider a borrower’s background when managing loan repayments and will not entertain support letters from any party.

“All borrowers are regarded as very important persons (VIPs). Even those who fail to repay their loans are considered VIPs. There is no such thing as VIPs being exempted from payment while others must pay... that does not exist.

“In this regard, we do not look at who the borrower is. There will no longer be any so-called ‘love letters’ from any party requesting leniency in repayment matters,” he told newsmen after the Kedah and Perlis State-level Women Empowerment Programme here today.

He said MARA has tightened its financial discipline, including issuing notices to borrowers if their repayments are delayed for more than three months.

Reports on loan repayment performance are also tabled regularly to MARA’s management to monitor collection trends, Asyraf Wajdi said. 

“So far, I am satisfied as there has been an improvement in loan repayments. This could also reflect the growing awareness among the public that every sen repaid is used entirely to assist others,” he said.

He also urged borrowers facing difficulties in making repayments not to remain silent but to reach out to MARA to discuss suitable repayment solutions.

-- BERNAMA