Personal Loan | 22 July 2019-31 October 2019
Features and Benefits
Apply for a Personal Loan / Financing –i anytime, anywhere
Enjoy exclusive low flat rate of 6.00% p.a.
Note: Effective Interest/Profit Rates vary from 10.85% p.a. to 11.13% p.a. depending on the loan/financing-i tenures of 2 – 5 years.
Affordable instalments for tenure of 2-5 years
Fast approval within 48 hours
Interest / Profit Rate
Our rate is on a flat rate basis
Loan/Financing -i Tenure | Personal Loan/Financing-i Amount (RM) | Flat Interest/Profit Rate |
|---|---|---|
2 years – 5 years | RM5,000 – RM250,000 (Personal Loan) RM5,000 – RM150,000 (Personal Financing-i) | 6.00%p.a |
Note: Effective Interest/Profit Rates vary from 10.85% p.a. to 11.13% p.a. depending on the loan/financing-i tenures of 2 – 5 years.
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 and you choose to pay over 5 years:
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
