Product Information
Information on repayment periods, interest rates, calculation examples, fees and charges.
Minimum and Maximum Repayment Periods
The actual repayment period depends on the loan amount, applicant eligibility and the terms and conditions of the agreement.
Maximum Interest Rates and Annual Percentage Rate (APR)
Interest rates are subject to the Moneylenders Act 1951 [Act 400], the type of loan, applicant eligibility and applicable terms and conditions. The actual rate charged will be communicated to the applicant before any agreement is signed.
Example: RM5,000 Loan
| Loan Amount | RM5,000.00 |
|---|---|
| Term | 12 months |
| Annual Interest Rate | 12% |
| Total Interest | RM600.00 |
| Total Repayment | RM5,600.00 |
| Monthly Repayment | RM466.67 |
| Related Fees | Subject to charges permitted by law. |
This example is for illustration only. Actual amounts are subject to applicant eligibility, terms and conditions and the loan agreement.
Fees and Charges
Any related fees or charges will be clearly explained to the applicant before an agreement is made and are subject to the law and applicable terms and conditions.
Important Notice
All applications are subject to eligibility assessment, supporting documents and repayment ability. Submitting a form or enquiry does not guarantee loan approval.
Applicants are advised to read and understand the interest rates, repayment period, total payments, fees, charges and all terms and conditions before signing any agreement.
Need More Information?
We are available to explain the application process, interest rates and repayments.