Personal Loan | 19 February 2020-06 July 2020
Enjoy interest/profit rate as low as 4.50% p.a.*
Save up to RM56,250 on interest/profit
Based on RM250,000 financing taken over 5 years
Stretch your payment tenure up to 5 years
*Interest/profit rate applicable after 50% Pay on Time Rebate.
Interest/Profit Rate
Our rate is on a flat rate basis, depending on financing amount
Approved Facility Amount | Flat Interest/Profit Rate Charged | Applicable Pay on Time Rebate | Rate after Pay on Time Rebate |
|---|---|---|---|
RM5,000 – RM49,000 | 9.00% p.a. | 30% | 6.30% p.a. |
RM50,000 – RM99,000 | 40% | 5.40% p.a. | |
RM100,000 – RM250,000 (up to RM150,000 for Personal Financing-i) | 50% | 4.50% p.a. |
Note: Effective Interest/Profit Rate applicable to flat 9.00% p.a. vary from 15.71% p.a. to 16.43% p.a. depending on loan/financing tenures of 2 – 5 years.
0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.
Get up to 50% interest/profit rebate when you pay on time!
Assuming your total approved facility amount is RM100,000 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 RM2.00 will be charged on every Interbank Giro (IBG), if any |
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
Eligibility
- 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)
- Facility tenure from 2 to 5 years
Visit your nearest branch today.
