0% EPP's TnC at Credit Cardholder Agreement
Kuala Lumpur, 06 December 2016
To avoid finance charges being imposed, all cardholders who have subscribed to a ‘zero interest/interest-free’ monthly repayment plan(s), are required to make payment of the monthly installment specified by the bank at the time the Installment Payment Plan is entered into (“the Monthly Installment”) in full.
In the event a cardholder opts to only pay the minimum amount of five percent (5%) of the balance remaining unpaid under the Installment Payment Plan (‘the Outstanding Balance’) orRinggit Malaysia Fifty (RM50), whichever is higher, instead of the Monthly Installment in full, the cardholder will be liable for the interest charges on the Outstanding Balance
| Customer purchased RM1,500 and split into 12-month instalment | ||||
|---|---|---|---|---|
| RePayment Scenarios |
Minimum payment (5%) A |
Pay Partially (>5% but less than instalment amount) B |
Pay Partially (Not in full but more than instalment amount) C |
Pay in full D |
| Instalment Amount |
RM 125 | RM 125 |
RM 125 |
RM 125 |
Other credit card Spend |
RM 980 | RM 980 |
RM 980 |
RM 980 |
Total monthly spend reflected in statement |
RM 1105 |
RM 1105 |
RM 1105 |
RM 1105 |
| Payment amount according to option A, B, C and D | RM 55.25 | RM 85.2 |
RM 180.25 (Full payment of monthly instalment + minimum payment/ RM 125 + RM 55.25) |
RM 1105 |
| Outstanding Balance (after deduction on min. payment) | RM 1049.75 |
RM 1019.75 |
RM 924.75 |
0 |
| Outstanding Balance that will be carried forward (Subject to tier 3 Interest Rate of 1.50% per month) | RM 1065.50 |
RM 1035.04 |
RM 938.62 |
0 |
| Interest amount Incurred | RM15.75 |
RM15.29 |
RM13.87 |
0 |
