Personal Loan | 01 September 2019-31 December 2019
Get 50% Pay on Time rebate on total interest/profit!
Interest / Profit Rate
Our rate is on a flat rate basis
Facility Approved Amount
Profit Rate Charged
Pay on time Rebate
Rate after Rebate
RM5,000 – RM250,000
2 to 5 years
RM5,000 – RM150,000
Note: Effective interest/profit rates based on flat rate 10.00% p.a. vary from 17.27% p.a. to 18.16% p.a. for loan/financing tenures of 2– 5 years.
0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.
Illustration of Instalments
Assuming your total approved facility amount is RM5,000 and you choose to pay over 5 years:
Refer to the Fees and Charges applicable below to Personal Loan/Financing-i.
For more information, you may refer to our Product Disclosure Sheet available here for Personal Loan and here for Personal Financing-i.
Stamp Duty Fee
0.50% of the disbursed facility amount for every approved facility
A nominal fee of RM2.00 will be charged on every Interbank Giro (IBG), if any
Late Payment Charge
1% p.a. on the arrears of outstanding for each facility (daily rest basis)
No charges/fees to be imposed provided 3 months’ written notice is given to the Bank prior to the early settlement. Otherwise, payment of 3 months’ interest on the amount redeemed is applicable.
(For Personal Financing-i, payment in lieu of notice is not applicable – customers are required to provide 3 months’ written notice should they opt for early settlement)
Compensation Charges (applicable to Personal Financing-i)
For default payment during facility tenure = 1% p.a. on the overdue instalment amount
For default payment causing the facility to be terminated or brought to court = 1% p.a. on the outstanding balance (outstanding principal plus accrued profit)
For default payment after expiry of facility tenure = BNM Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit)
For default payment post judgment = IIMM rate on the basic judgment sum
*Subject to Government Tax, if applicable
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