Personal Loan | 01 July 2020-31 July 2020
Apply for a Personal Loan/Financing–i anytime, anywhere
Enjoy exclusive low rate from 5.60% p.a.*
Affordable instalments for financing tenures from 2 to 5 years
*Rate shown is applicable after 30% Pay-On-Time Rebate.
Interest /Profit Rate
Our rate is on a flat rate basis
Facility Amount | Flat Interest/Profit Rate | Pay-On-Time Rebate | Rate after Pay-On-Time Rebate |
|---|---|---|---|
RM5,000 – RM250,000 (up to RM150,000 Personal Financing-i) | 8.00% p.a. | 30% | 5.60% p.a. |
Note: The effective interest/profit rate applicable to flat interest/profit rate of 8.00% p.a. vary from 14.13% p.a. to 14.68% p.a. depending on loan/financing-i tenures from 2 years to 5 years.
0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.
Get 30% interest/profit rebate when you pay on time!
Assuming your total approved facility amount is RM5,000 with 5 years financing tenure and you pay your instalments promptly:
Description/Service | Charges/Fees* |
|---|---|
Stamp Duty Fee | 0.50% of the disbursed facility amount for every approved facility. |
IBG Fee | A nominal fee of RM2 will be charged on every Interbank Giro (“IBG”), if any. |
Late Payment Charge (applicable to Personal Loan) | 1.00% 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 = 1.00% p.a. on the overdue instalment amount.
For default payment causing the facility to be terminated or brought to court = 1.00% 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
- Malaysian citizens aged between 21 and 60 years old
- Minimum annual income of RM24,000
- Minimum loan/financing amount is RM5,000
- Maximum loan/financing amount is RM250,000 (RM150,000 for Financing-i)
- Exclusively for online applications only
