Personal Loan | 19 February 2020-06 July 2020
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Apply for a Personal Loan/Financing–i anytime, anywhere
Enjoy exclusive low flat rate from 5.50% p.a.*
Affordable instalments for financing tenures of 2 to 5 years
*Applicable for facility amount RM30,000 and above. For facility amount RM5,000 – RM29,000, applicable flat interest/profit rate is 6.50% p.a.
Interest/Profit Rate
Our rate is on a flat rate basis, depending on financing amount
Loan/Financing Amount | Flat Interest/Profit Rate | Loan/Financing Tenure |
|---|---|---|
RM5,000 – RM29,000 | 6.50% p.a. | 2 to 5 years |
RM30,000 – RM250,000 (up to RM150,000 Personal Financing-i) | 5.50% p.a. |
Note: Effective Interest/Profit Rates vary depending on the loan/financing-i tenures of 2 – 5 years as below:
(i) Flat rate 5.50%p.a. – Effective interest/profit rates vary from 10.01%p.a. to 10.23%p.a.
(ii) Flat rate 6.50%p.a. – Effective interest/profit rates vary from 11.68%p.a. to 12.02%p.a.
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 RM30,000 with 5 years financing tenure
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)
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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)
- Exclusively for online applications only
