Personal Loan | 01 August 2020-31 October 2020
Apply online to enjoy flat interest/profit rates at 6.66% p.a.
Interest /Profit Rate
Our rate is on a flat rate basis
Flat Interest/Profit Rate
RM5,000 – RM250,000
(up to RM150,000 Personal Financing-i)
2 to 5 years
Note: The effective interest/profit rates vary from 11.95% p.a. to 12.31% p.a. depending on the loan/financing-i tenures from 2 years to 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 with 5 years financing tenure:
Refer to the 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 will be charged on every Interbank Giro (“IBG”), if any.
Late Payment Charge
(applicable to Personal Loan)
1.00% 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 = 1.00% p.a. on the overdue instalment amount.
For default payment causing the facility to be terminated or brought to court = 1.00% 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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