Personal Loan | 01 August 2021-31 October 2021
Features and Benefits
*Applicable when the facility is settled within twenty (20) days from the disbursement date. A convenience fee of Ringgit Malaysia Seventy (RM70) is applicable.
**Based on a loan amount of Ringgit Malaysia Five Hundred (RM500) with a one (1) year tenure at a flat rate of 22.00% p.a.
Interest Rate
Our rate is based on a flat rate basis, depending on Facility Amount
Facility Amount |
Flat Interest |
Facility Tenure |
|---|---|---|
RM500 – RM3,000 |
22.00% p.a. |
6 months or 12 months |
Note: The approved Facility Amount will be in multiples of Ringgit Malaysia Five Hundred (RM500) subject to the specified range above.
The effective interest rates are 36.79% p.a. to 38.40% p.a., for a Facility Tenure of six (6) months and twelve (12) months respectively.
Illustration of Instalments
Assuming your total approved facility amount is RM500 with 1 year loan tenure:
- Malaysians aged between 21 and 60 years old
- Participate in the Campaign during the Campaign Period from 1 August 2021 to 31 October 2021
- Registered as a driver and/or delivery partner with Grab with a minimum annual earning of RM24,000
- Minimum loan amount is RM500
- Maximum loan amount is RM3,000
- Received an invitation to participate in the Campaign from Grab
