A question, AKPK will only help loans taken from approved financial institutions. Does AEON credit falls under approved financial institution as well?

A question, AKPK will only help loans taken from approved financial institutions. Does AEON credit falls under approved financial institution as well?

Hi guys,

For those who have attended the AKPK program,
kindly let me know if my understanding below is correct :

(1) Walk in to the scheduled briefing

(2) After the briefing, have to proceed to the counter to arrrange for appointment with the counselors

(3) Go and meet the counselors on the scheduled date

(4) Counselors to agree on the payment rescheduling, and us to confirm likewise

(5) To start repaying the amount agreed


Is that correct?

Many thanks for the reply

CCRIS is the report from the Bank Negara, right?

Anyway, is CTOS statement be needed as well?

Do I need to attend the briefing, and subsequently set an appointment for the counseling?
If this is the case, then have to come for two sessions, right?

And after the loan restructuring has been done, I would need to come again to sign on the agreement, right?

^ If you don't mind me asking, why such a high debt?
I am assuming it is housing loan, isn't it?

My friend decided to join AKPK, as he can't afford to service his loan due to being retrenched.

However, he tried to remit the first payment via Maybank2u, but it was rejected.

He selected APKP --> APKP Pre-Payment. The error was "Reference # is not in numeric".

So question is, what would the AKPK # would be? Ain't it DMPxxxxxxx ?

Thanks for the reply.

He mention that the reference # is DMP113******, but then, Maybank2u only allows the numeric.
So a question arise, is it correct that we just need to enter the number 113****** ?
Or is the case that AKPK will provide another # for remittance purposes?

Apparently the DMP***** is the reference number to key in.
Reason that initially it got rejected was because the number was not yet activated by the AKPK for use to transfer money via M2U

There is no need for approval letter from the company, in order for you to travel abroad.
Undergoing AKPK is not the same going through bankruptcy.

You company does not even need to know that you are undergoing AKPK.

You don't get to cherry-picked which banks you would want, as everything (i.e. CC, Personal Loans)
will be combined under AKPK.

There is an alternative, though. You may choose the lowest debt, and clear it off with the bank (assuming that you only have 1 outstanding credit facility with the bank), before you enroll in the programme.

However, do note that AKPK does not deal with Hire Purchases. You'd have to still continue paying the banks, and should need be, to arrange for longer tenure, lower interest charges, etc..etc.. In gist, you have to do it yourself.

To answer on whether you can facilities with the bank in the future, well, based form the responses I read, once you've successfully completed the DMP programme, you should not have any problems in getting the facilities.

But throughout your programme, you'd not be able to get credit facilities from the bank, as your record would show that you are in AKPK.

Question is, why'd would you need further loans, when you can't service the current loans you have?

Many Thanks!

You can print out the ccris report at the AKPK head office,
they have a kiosk there

By the way guys,
Say, the date to remit payment is by the last date of every month.

However, the salary not in yet, so am having difficulty to pay the monthly sum.

What avenues can one take in this regards?

e.g
To discuss the matter with AKPK to adjust the payment date?
To pay a portion of the sum first?

By the way guys,
Say, the date to remit payment is by the last date of every month.

However, the salary not in yet, so am having difficulty to pay the monthly sum.

What avenues can one take in this regards?

e.g
To discuss the matter with AKPK to adjust the payment date?
To pay a portion of the sum first?

And what was the outcome of that?
Did he agree to extend the time for you to remit the payment?

Oh okay. Meaning that would need to inform the counselor in cases whereby may delay on the payment.
Did your counselor mentioned on the procedures of AKPK cancelling the agreement?

Is it like, missed 1 payment also they straight away cancel it?

^ I believe with AKPK it'll be one-strike-and-you're-out.

Sorry to be so brash, but that is the reality.

But maybe since this is a new application, they might give you a chance.
After all, you've cleared all you debts earlier on.

For consolidation, AKPK would be the best.

Failure to enrol in their programme, you may have to approach your individual FIs and arrange for either lower monthly payments, and/or longer repayment period. You may even ask if your payment can be deferred [but your interest charges may increase, so it'll be hard to settle your outstanding loans].