Interest/Profit Rate for Online and Connect Online Banking Applications
Our rate is based on a flat rate basis
Application Channel: Online (Bank’s Website)
Application Channel: Connect Online Banking
Note: The effective interest/profit rates vary as follows for loan/financing-i tenure from 2 to 5 years:
(i) Flat interest/profit rate 5.00% p.a.: Effective interest/profit rates vary from 9.15% p.a. to 9.32% p.a.
(ii) Flat interest/profit rate 7.00% p.a.: Effective interest/profit rates vary from 12.50% p.a. to 12.91% p.a.
(iii) 0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.
Illustration of Instalments
Assuming your verified monthly income is RM5,000 (applicable interest/profit rate of 5.00% p.a) with a total approved facility amount of RM100,000 with 5 years financing tenure: