Personal Loan | 25 December 2019-07 January 2020
Get ready for 2020 with rates from as low as 4.20% p.a.*
Features and Benefits
Based on RM250,000 taken over 5 years
*Refers to rate after rebate.
**30% Pay-on-Time rebate is subject to minimum approved amount RM100,000. The Pay-on-Time rebate varies depending on approved facility amount. Kindly refer to below for more information.
Effective interest/profit rate applicable to flat rate 6.00% p.a. varies from 10.85% p.a. to 11.13% p.a. depending on facility tenure.
Interest / Profit Rate
Our rate is on a flat rate basis
Flat Interest/Profit Rate Charged
Applicable Pay on Time Rebate
Rate after Pay on Time Rebate
RM5,000 – RM49,000
RM50,000 – RM99,000
RM100,000 – RM250,000
(up to RM150,000 for Personal Financing-i)
Note: Effective Interest/Profit Rates applicable to flat 6.00% p.a. vary from 10.85% p.a. to 11.13% 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 30% rebate when you pay on time!
Assuming your total approved facility amount is RM100,000 and you choose to pay over 5 years and are eligible for the Pay-on-Time rebate:
Refer to the table below for the Fees and Charges applicable to Personal Loan/Financing-i.
For more information, you may refer to our Product Disclosure Sheet available here for Personal Loan or here for Personal Financing-i.
Stamp Duty Fee
0.50% of the disbursed facility amount for every approved facility
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)
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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