Personal Loan | 02 November 2020-31 December 2020
Enjoy interest/profit rate as low as 3.60% p.a.*
Save up to RM67,500 on interest/profit
Based on RM250,000 financing taken over 5 years
Stretch your payment tenure up to 5 years
*Interest/profit rate shown is applicable after 60% Pay-On-Time Rebate.
Interest /Profit Rate
Our rate is on a flat rate basis
Approved Facility Amount | Flat Interest/Profit Rate | Monthly Verified Income | Applicable Pay-On-Time Rebate | Rate after Pay-On-Time Rebate |
|---|---|---|---|---|
RM5,000 – RM250,000 (up to RM150,000 for Personal Financing-i) | 9.00% p.a. | RM2,000 – RM4,999 | 25% | 6.75% p.a. |
RM5,000 and above | 50% | 4.50% p.a. |
Do you have a valid receipt for any Fixed Deposit/Fixed Deposit-i and/or Amanah Saham Berhad and/or Amanah Saham Nasional and/or Amanah Saham Nasional Berhad and/or unit trust/Shariah compliant unit trust and/or equity/Shariah compliant equity and/or bond/sukuk investments? Get better Pay-On-Time Rebate rates when you submit a copy of your receipt*!
Approved Facility Amount | Flat Interest/Profit Rate | Monthly Verified Income | Applicable Pay-On-Time Rebate (with Valid Investment receipt) | Rate after Pay-On-Time Rebate (with Valid Investment receipt) |
|---|---|---|---|---|
RM5,000 – RM250,000 (up to RM150,000 for Personal Financing-i) | 9.00% p.a. | RM2,000 – RM4,999 | 35% | 5.85% p.a. |
RM5,000 and above | 60% | 3.60% p.a. |
*The Valid Investment placement amount must be a minimum of 25% of the applied Facility amount.
Note:
(i) Effective interest/profit rate applicable to flat 9.00% p.a. vary from 15.71% p.a. to 16.43% p.a. depending on loan/financing tenures from 2 years to 5 years.
(ii) 0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.
Enjoy up to 60% interest/profit rebate when you pay on time!
Assuming your total approved facility amount is RM100,000 with 5 years financing tenure and you qualify for 60% Pay-On-Time Rebate with Valid Investment Receipt:
Description/Service | Charges/Fees* |
|---|---|
Stamp Duty Fee | 0.50% of the disbursed facility amount for every approved facility. |
Late Payment Charge (Applicable to Personal Loan) | 1.00% 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 = 1.00% 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
- 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)
- Facility tenure from 2 to 5 years
Visit your nearest branch today.
