Our rate is on a flat rate basis
Note: The effective interest/profit rate vary as follows:
(i) Flat interest/profit rate 3.88% p.a.: Effective interest/profit rate is 7.28% p.a. for loan/financing-i tenure of 2 years.
(ii) Flat interest/profit rate 5.00% p.a.: Effective interest/profit rates vary from to 9.15% p.a. to 9.32% p.a. for loan/financing-i tenures from 3 to 5 years.
(iii) Flat interest/profit rate 7.00% p.a.: Effective interest/profit rates vary from to 12.50% p.a. to 12.91% p.a. for loan/financing-i tenures from 2 to 5 years.
(iv) 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 with 5 years financing tenure and you qualify for flat interest/profit rate of 5.00% p.a. with a monthly verified income of RM5,000 and above: