Parents and family members with a child or children with Microtia will be grateful to know that the deformities are reconstructable. However, the cost of surgery may set them back hundreds of thousands Ringgit Malaysia. Check out how the local financial institution goes out for the cause to help the affected citizens.

1. Refinancing package:-

Existing customers with Standard Chartered Bank, with a housing loan, can apply for a top-up of their loan. The additional facility can be an OD, as this would give the flexibility of drawdown. Documentation takes about 1-2 months at least.

Non-housing loan customers can refinance their property with the bank for a facility. The rates and packages are very competitive. The bank has a "no moving cost package" where customers don't have to fork out any money to refinance. Also available are a few types of housing loan packages that can be selected, i.e. it can be a term loan, OD, combination loan, or Mortgage One account (Flexi- Loan). Documentation takes a little longer, from 3 - 6 months.

(*Approval will be subject to the bank's credit criteria)

2. Overdraft against Fixed Deposits:-

A customer can place a Fixed Deposit with the bank and obtain an overdraft facility against it. It is cheaper and faster, as there is no need for legal documentation and valuation. This can be done on a 3rd party Fixed Deposit as well.