Updating 0% EPP’s T&C at Credit Cardholder Agreement

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  • Updating 0% EPP’s T&C at Credit Cardholder Agreement
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0% EPP's TnC at Credit Cardholder Agreement

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Updating 0% EPP’s Terms and Conditions 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
(partial payment of monthly instalment + minimum payment/ RM 30 + RM 55.25)

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

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