Personal Loan | 01 November 2021-31 December 2021
Features and Benefits
*Based on a loan amount of Ringgit Malaysia Five Hundred (RM500) with a twelve (12) months tenure at a flat rate of 18.00% p.a.
**Applicable when the facility is settled within twenty (20) days from disbursement date. A Convenience fee of Ringgit Malaysia Seventy (RM70) is applicable.
***Applicable for the first one thousand (1,000) Eligible Customers who successfully apply and pay promptly daily from the first date of daily deductions to 28 February 2022 (for loans disbursed by 31 December 2021) or 31 March 2022 (for loans disbursed by 31 January 2022).
Interest Rate
Our rate is based on a flat rate basis, depending on Facility Amount
Facility Amount |
Flat Interest |
Facility Tenure |
|---|---|---|
RM500 – RM3,000 |
18.00% 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 vary from 30.23% p.a. to 31.72% p.a. depending on the tenures from six (6) months to twelve (12) months.
Illustration of Instalments
Assuming your total approved facility amount is RM500 with 12 months loan tenure:
- Malaysians aged between 21 and 65 years old.
- Participate in the Campaign during the Campaign Period from 1 November 2021 to 31 December 2021.
- Registered as a driver and/or delivery partner with Grab with a minimum annual earning of RM12,000.
- Minimum loan amount is RM500.
- Maximum loan amount is RM3,000.
- Received an invitation to participate in the Campaign from Grab.
- The Pay-On-Time Cashback is applicable to the first 1,000 Eligible Customers who successfully apply and pay promptly daily from the first date of daily deductions to 28 February 2022 (for loans disbursed by 31 December 2021) or 31 March 2022 (for loans disbursed by 31 January 2022).
- The Pay-On-Time Cashback will be credited to the Eligible Customers’ driver/delivery partner’s cash and/or credit wallets maintained by Grab (“Grab Driver’s Wallets”).
