Hi, I would like to ask some opinion from those who has prior experience dealing with AKPK.

I am in travel industry and since MCO started, my income has been affected a lot. I am earning 60% less right now compared to pre-covid.

As of right now, I am able to survive due to moratorium. And in light of this moratorium ending soon, I can foresee that I wont be able to service my loan payment soon. Thus i am considering AKPK as last resort.

Currently still in the process of negotiating with all the banks but from what I see, they are quite reluctant to help as of now.

The question that is running in my mind:

1. Is AKPK able to help on HP loan? I dont mind letting go of my car but the loan is still high and exceed the car value. Is there such option that we can let go the car and pay the difference in installment to the bank?

Tried search around regarding car loan but not much were shared.

No payment has been missed so far and ccris all 0. Dont know whether it helps or not in negotiating with the banks

This post has been edited by Shah_15: Jul 14 2020, 03:09 AM

I see. So one can only apply for AKPK when he missed his monthly payment?

Btw, I tried to fill up the forms in AKPK website. But the webpage seems quite unstable. I cant edit the page where you enter your monthly expenses. Tried with google chrome, microsoft edge ended up the same. Is this normal where you cant edit your monthly expenses?

What about term loan? And once we enrolled into the program, whar happen to the guarantor of the loan?

I have a quite subtantial study loan which consider as term loan which has a guarantor. I dont want anything happen to the guarantor if possible.

No. It is from bank. But bank recognise it as term loan instead.

thanks for the info. cant wait to have that peace of mind after 60% paycut.

Hi wanna ask, can i choose which debt i want to enroll into AKPK? Because i managed to reschedule few mainly HP. So would like to know whether i can just enroll Personal loan and credit card only into AKPK.

Cause of paycut due to Covid. For me personally i experienced 60% cut.

tried to fill up the enrollment in AKPK. but the website is so unstable. sometimes the page to edit your household appears, sometimes it doesnt.

and now, my disposable income is negative and I cant submit it.

just want to clarify, disposible income meaning, your gross income minus your household expenses right?

not including the loan repayment everymonth as these are the one that we are looking to enroll into AKPK.

Can i apply for akpk while most of the loan still under moratorium? Cant afford to pay the credit card now

I already went earlier. Just submitted only yesterday as company announced more paycut effective october. Waiting for AKPK reply now.

I have just enrolled into DMP. But the counsellor insisted not to include the loan which has been granted extension of moratorium into DMP. I asked her, regarding this and according to her when the moratorium ends, which is another 3 months, i can add in the said loans into my DMP plan thus monthly will be higher.

But just now i browsed through the portal, I cant find any option to add new facilities into DMP plan.

can we actually do this or not? i am confused right now.

Sorry to ask your hirepurchase is from which bank?

How to add new facilities into existing DMP plan?

Did you have prior experience on that? How was it?

is it a must for us to inform the financial institution that we already enrolled into AKPK? or AKPK will inform them and no action required from us to inform them?

Anybody got car loan under AKPK? Because i just reschedule to include the car loan but in the portal it is listed under SELF. So should i pay to AKPK or need to pay directly to bank?

I asked AkPK but still no reply. Thought someone might encounter this before

Are you sure cant be under AKPK? Because they helped me reschedule it

just got the letter. thanks for info

This post has been edited by Shah_15: Dec 4 2020, 01:59 AM