Personal Loan | 22 July 2019-31 October 2019
Enjoy 2% savings on interest/profit*
30% rebate on total interest/profit for paying on time
Affordable instalments for tenures from 2 – 5 years
Fast approval within 48 hours
Get RM1,000 Payout Bonus if we can’t help you save on interest/profit**
Eligibility
- Malaysian citizens aged between 21 and 60 years old
- Minimum annual income of RM24,000
- Minimum loan/financing-i amount is RM5,000
- Maximum loan amount is RM250,000 (RM150,000 for Personal Financing-i
*Applicable to the Effective Interest/Profit Rates (EIR/EPR) on the Personal Loan/Financing-i Consolidation facility which will be charged at 2.00% p.a. lower than the consolidated EIR/EPR on the facilities the customer wishes to consolidate with minimum flat rate of 7.50% p.a.
** Subject to terms and conditions. Limited the first 30 customers on a first-come, first served basis, depending on credit card statement submission date.
Interest / Profit Rate
Our rate is on a flat rate basis
Loan/Financing -i Tenure | Personal Loan/Financing-i Amount | Flat Interest/Profit Rate | Pay on Time Rebate Applicable |
|---|---|---|---|
2 years – 5 years | RM5,000 – RM250,000 (Personal Loan) RM5,000 – RM150,000 (Personal Financing-i) | 7.50% p.a. – 12.00% p.a. | 30% |
Note: Effective Interest/Profit Rates vary from 13.32% p.a. to 21.57% p.a. depending on loan/financing-i tenures of 2 – 5 years.
0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.
Get 30% rebate on total interest/profit when you pay on time!
Assuming you borrow RM5,000 charged at flat 8.00% p.a., choose to pay over 5 years and are eligible for the rebate:
Description/Service | Charges/Fees* |
|---|---|
Stamp Duty Fee | 0.50% of the disbursed facility amount for every approved facility |
IBG Fee | A nominal fee of RM2.00 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) |
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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