Features & Benefits
20% Cash Back on interest
Monthly instalments as low as RM130*
Fast approval within 48 hours**
Flexible repayment tenure of up to 5 years
Minimum income eligibility of only RM24,000 per annum
No guarantor and no collateral
5-minute loan approval at am:pm Convenient Banking**
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Eligibility
- Malaysian citizens only, aged between 21 to 60 years old
- Earn a minimum annual income of RM24,000 per annum
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* Based on a financing tenure of 5 years for RM5,000, and during Cash Back Period.
** 48 hour loan approval is subject to terms and conditions.
Other terms and conditions apply.
| Loan Amount (RM) |
Interest Rate (p.a.) |
Monthly Instalment (RM) |
Monthly Instalment During Cash Back Period (RM) |
||
|---|---|---|---|---|---|
| 2 Years |
5 Years |
2 Years |
5 Years |
||
| 5,000 | 12.50% | 265 | 140 | 245 | 130 |
| 50,000 | 11.00% | 2,545 | 1,295 | 2,365 | 1,180 |
| 100,000 | 10.00% | 5,000 | 2,500 | 4,670 | 2,395 |
| 150,000 | 9.00% | 7,375 | 3,625 | 6,925 | 3,345 |
Note:
- Flat interest rate ranges 9.00% per annum - 12.50% per annum depending on loan amount, income and tenure.
- Effective Interest Rate ranges from 12.38% - 22.42% per annum.
- The above table serves as illustration purpose only, with the assumptions of customer with a minimum monthly income of RM4,000 and above.
- Actual monthly instalment will be rounded up to the nearest RM5.
Refer to the below for the Fees and Charges applicable to Personal Loan/Financing-i.
| Description/Service |
Charges/Fees* |
|---|---|
| Stamp Duty Fee |
0.50% of the disbursed facility amount for every approved facility |
| IBG Fee (Applicable only for transaction from branch) |
A nominal fee of RM2.00 will be charged on every Interbank Giro (IBG), if any (Fee is waived for senior citizens aged 50 > years and above) |
Late Payment Charge (Applicable to Personal Loan) |
1% p.a. on the arrears of outstanding for each facility (daily rest basis) |
| Early Settlement |
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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