TOLL FREE NUMBER
1800-88-2575

DEBT MANAGEMENT

Regain control of your life and your debts. Through AKPK’s Debt Management Programme (DMP), our counsellors will work with you to develop a personalised debt repayment plan in consultation with your financial service providers*.

AKPK does not provide loans or financing.

Our DMP is available to all individuals who need assistance in managing their personal debts with financial service providers* regulated by Bank Negara Malaysia, provided that:

  • You have a positive source of income after meeting your expenses
  • Your total debt does not exceed RM2 million
  • You are not under any advanced litigation process
  • You are not a bankrupt

Dont’ wait. Do it now. Talk to us.

Call AKPK's toll free hotline: 1-800-88-2575 or visit any AKPK office nearest to you for an appointment.

*Financial service providers comprise:

  • All commercial banks
  • All Islamic banks
  • All insurance companies
  • All takaful operators
  • Development financial institutions (regulated by Bank Negara Malaysia)
  • Credit/charge card issuers (regulated by Bank Negara Malaysia)
If you are experiencing unmanageable debts, you are not alone

Debt Management Programme (DMP)

Individuals who are unable to manage their debts on their own and satisfy the basic qualifying criteria can be enrolled into AKPK’s Debt Management Programme (DMP).

AKPK’s DMP aims to help those who are distressed by their financial obligations to financial service providers under the purview of Bank Negara Malaysia (BNM).

What is a DMP?

A personalised debt repayment plan for individual customers developed in consultation and agreement with Financial Institutions (FIs) involved

Who is entitled?

Any individual who satisfies the DMP criteria of:

  • not being a bankrupt
  • not being in an advanced stage of litigation
  • having sufficient net disposable income after meeting one’s expenses, and
  • having a debt size of not more than RM2 million

What does the DMP process entail?

  • The borrower shares his/her financial predicament with AKPK's counsellor
  • A review of the borrower's monthly expenses is done with a view to identify potential savings
  • All loan facilities and latest loan balances are declared by the borrower
  • The DMP application process is completed by the borrower and the required pre-payment amount is made
  • Negotiations take place between AKPK and financial institutions on behalf of the borrower
  • Issuance of DMP confirmation letter by AKPK
  • Signing of revised loan documentation between the borrower and his/her respective financial institutions

Benefits of DMP

  • Repayment terms are tailored to the individual's available cash flow
  • Reduced/waived interest on a case-to-case basis
  • Moratorium of legal proceedings
  • Cessation of calls from debt collectors
  • Getting back on track and moving on with life

Consequences of enrolling into DMP

  • Lifestyle adjustment needed
  • Withdrawal of credit lines
  • Obtaining of new credit is only possible after completion of DMP

What are the determinants for a successful DMP?

  • Strong will and determination in wanting to get back on track and move on with life
  • Discipline in making payments as scheduled
  • Willingness to make sacrifices for future freedom from debt

When will the DMP come to a close?

  • Upon early or full settlement
  • Upon request for withdrawal
  • Upon notification by FIs that information declared is false
  • Upon termination of account for non-payment