* 24* HOURS approval at all RHB Branches
* Repayment period from 1 to 5 years
* Financing amount from RM2,000 to RM150,000
* 3.5x and 5.5*x of gross salary
* Financing amount capping and Interest Rates as below
Tuesday, December 2, 2008
RHB Personal Financing
Get RHB Personal Financing for an ideal lifestyle! For as low as RM57.54* per month, get RM2,000 and more! Sign up now to enjoy these key benefits:
* 24* HOURS approval at all RHB Branches
* Repayment period from 1 to 5 years
* Financing amount from RM2,000 to RM150,000
* 3.5x and 5.5*x of gross salary
* Financing amount capping and Interest Rates as below
* 24* HOURS approval at all RHB Branches
* Repayment period from 1 to 5 years
* Financing amount from RM2,000 to RM150,000
* 3.5x and 5.5*x of gross salary
* Financing amount capping and Interest Rates as below
Hong Leong Personal Loan
Wish you could have more cash in your hands?
With Hong Leong Personal Loan you can, because the monthly installment on our loan starts from as low as RM133.33 a month. What's more, it's really easy to apply and takes only 48 hours to approve.
So apply today to start enjoying extra cash instantly!
Get our Personal Loan today to enjoy:
* Monthly installments as low as RM133.33*
* Fast approval within 48 hours**
* Flexible repayment tenure of up to 5 years
* Minimum income eligibility of only RM24,000 per annum
* Easy application – photocopy of I.C. & income statement/ credit card
* No guarantor and no collateral
Note: Interest Rate is flat 1% per month
*Based on a financing tenure of 5 years for RM5,000.
**48 hour loan approval is subject to terms and conditions. Other terms and conditions apply.
With Hong Leong Personal Loan you can, because the monthly installment on our loan starts from as low as RM133.33 a month. What's more, it's really easy to apply and takes only 48 hours to approve.
So apply today to start enjoying extra cash instantly!
Get our Personal Loan today to enjoy:
* Monthly installments as low as RM133.33*
* Fast approval within 48 hours**
* Flexible repayment tenure of up to 5 years
* Minimum income eligibility of only RM24,000 per annum
* Easy application – photocopy of I.C. & income statement/ credit card
* No guarantor and no collateral
Note: Interest Rate is flat 1% per month
*Based on a financing tenure of 5 years for RM5,000.
**48 hour loan approval is subject to terms and conditions. Other terms and conditions apply.
BSN offering special rate for home property loans
KUALA LUMPUR: Bank Simpanan Nasional (BSN) is offering a special rate of 5.99% for residential property loans under its “Islamic Month” campaign from Aug 1 to Oct 31 this year.
Its deputy general manager of consumer banking and business development, Norazian Ahmad, said the campaign was aimed at encouraging the public to consider and understand the advantages of Islamic banking.
“BSN offers various promotions under Islamic banking products, including Giro-I savings account, Islamic Al-Bai’ Bithaman Ajil home loan, personal loan scheme and Al-Aiman credit card,” she told Bernama in an interview.
During the campaign, the first 50,000 customers to take up the Giro-I savings account would be given the Matrix-i card free instead of paying the RM8 fee and the minimum amount for opening an account has been reduced to RM10 from RM50.
BSN is also offering the Al-Aiman credit card based on syariah principles with the finance charge as low as 1% monthly for government staff. The card can also be used as a debit card.
The bank is imposing competitive finance charges from 5.05% for loans of RM5,000 minimum for repayment period of one to 10 years.
Norazian said BSN was studying a proposal to extend the repayment period to 15 years and an announcement would be made soon. — Bernama
Its deputy general manager of consumer banking and business development, Norazian Ahmad, said the campaign was aimed at encouraging the public to consider and understand the advantages of Islamic banking.
“BSN offers various promotions under Islamic banking products, including Giro-I savings account, Islamic Al-Bai’ Bithaman Ajil home loan, personal loan scheme and Al-Aiman credit card,” she told Bernama in an interview.
During the campaign, the first 50,000 customers to take up the Giro-I savings account would be given the Matrix-i card free instead of paying the RM8 fee and the minimum amount for opening an account has been reduced to RM10 from RM50.
BSN is also offering the Al-Aiman credit card based on syariah principles with the finance charge as low as 1% monthly for government staff. The card can also be used as a debit card.
The bank is imposing competitive finance charges from 5.05% for loans of RM5,000 minimum for repayment period of one to 10 years.
Norazian said BSN was studying a proposal to extend the repayment period to 15 years and an announcement would be made soon. — Bernama
MBSP PERSONAL LOAN
Personal Financing-i (Islamic)
We provide an efficient service which makes it easy and convenient for you to apply.
Product Features
* Financing Amount - High financing amount. Up to 15 times monthly salary. Subject to a minimum of RM3,000 and up to a maximum of RM75,000.
* Flexible Repayment Period - at a minimum tenure of 2 years and up to 7 years
* Hassle Free Application - Application at 33 MBSB's branches nationwide and fast approval (a*)
* Fast approval.
* Obtain cash, fast and easy.
* Low monthly repayments.
* Profit Rate - Attractive fixed rate.
* Security Deposit - Equivalent to 3 months installment amount ( to be included in the financing amount)
* Processing Fee
- Up to RM10,000 - RM100
- RM10,001 - RM75,000 - RM200
* Other Requirements
o Guarantor
For loan amount up to RM50,000
+ Waived for Government staff
+ One (1) eligible guarantor of non-Government staff
For loan amount between RM50,001 � RM75,000
+ a) Two (2) eligible guarantors of Government and non-Government staff
o Participation in Group Reducing Term Takaful Plan
a) Optional Contract for Government staff who opt to extend their retirement age to 56 (b*)
o Monthly repayment is via salary deduction and post-dated cheque
* Supporting documents for Applicant(s) & Guarantor(s)
o Original IC (photocopy)
o Latest 3 months salary slip (original and photocopy)
o Employer's confirmation letter
o Latest 2 years Income Tax Form J
Notes:
a* To qualified applicant and subject to completion of documents
b* For government staff who opt to extend their retirement age to 56
c* Subject to Terms & Conditions
d* Applicant must be a confirmed staff of MBSB's approved corporate client. Application can be made directly at any of MBSB's branches or through the employer's Human Resources Department.
Eligibility For Personal Financing
* Applicant must be at least 21 years old and not exceeding 55/56 (b*) years old upon expiry of the facility
* Malaysian permanent resident
* Minimum income of RM1,000 (c*) ONLY (Joint income is applicable to husband and wife ONLY)
* Minimum gross monthly income of RM 1,000 (Joint income is applicable to husband and wife ONLY)
* Confirmed employee of MBSB's approved Corporate client
* Maximum financing up to 15 times monthly salary or maximum of RM75,000 whichever is lower
* Applicant must be a confirmed employee in any of the following:
o Government Sector
o MBSB's approved Corporate Client (d*)
Notes:
a* To qualified applicant and subject to completion of documents
b* For government staff who opt to extend their retirement age to 56
c* Subject to Terms & Conditions
d* Applicant must be a comfirmed staff of MBSB's approved corporate client. Application can be made directly at any of MBSB's branches or through the employer's Human Resources Department.
Other Details:
Security Deposits - equivalent to 3 months installment amount (to be included in the financing amount).
Profit Rates:
Repayment Periods Private Sector Rates Government Rates
2 - 3 years 6.35% 5.60%
4 - 5 years 6.75% 6.00%
6 - 7 years 7.00% 6.25%
We provide an efficient service which makes it easy and convenient for you to apply.
Product Features
* Financing Amount - High financing amount. Up to 15 times monthly salary. Subject to a minimum of RM3,000 and up to a maximum of RM75,000.
* Flexible Repayment Period - at a minimum tenure of 2 years and up to 7 years
* Hassle Free Application - Application at 33 MBSB's branches nationwide and fast approval (a*)
* Fast approval.
* Obtain cash, fast and easy.
* Low monthly repayments.
* Profit Rate - Attractive fixed rate.
* Security Deposit - Equivalent to 3 months installment amount ( to be included in the financing amount)
* Processing Fee
- Up to RM10,000 - RM100
- RM10,001 - RM75,000 - RM200
* Other Requirements
o Guarantor
For loan amount up to RM50,000
+ Waived for Government staff
+ One (1) eligible guarantor of non-Government staff
For loan amount between RM50,001 � RM75,000
+ a) Two (2) eligible guarantors of Government and non-Government staff
o Participation in Group Reducing Term Takaful Plan
a) Optional Contract for Government staff who opt to extend their retirement age to 56 (b*)
o Monthly repayment is via salary deduction and post-dated cheque
* Supporting documents for Applicant(s) & Guarantor(s)
o Original IC (photocopy)
o Latest 3 months salary slip (original and photocopy)
o Employer's confirmation letter
o Latest 2 years Income Tax Form J
Notes:
a* To qualified applicant and subject to completion of documents
b* For government staff who opt to extend their retirement age to 56
c* Subject to Terms & Conditions
d* Applicant must be a confirmed staff of MBSB's approved corporate client. Application can be made directly at any of MBSB's branches or through the employer's Human Resources Department.
Eligibility For Personal Financing
* Applicant must be at least 21 years old and not exceeding 55/56 (b*) years old upon expiry of the facility
* Malaysian permanent resident
* Minimum income of RM1,000 (c*) ONLY (Joint income is applicable to husband and wife ONLY)
* Minimum gross monthly income of RM 1,000 (Joint income is applicable to husband and wife ONLY)
* Confirmed employee of MBSB's approved Corporate client
* Maximum financing up to 15 times monthly salary or maximum of RM75,000 whichever is lower
* Applicant must be a confirmed employee in any of the following:
o Government Sector
o MBSB's approved Corporate Client (d*)
Notes:
a* To qualified applicant and subject to completion of documents
b* For government staff who opt to extend their retirement age to 56
c* Subject to Terms & Conditions
d* Applicant must be a comfirmed staff of MBSB's approved corporate client. Application can be made directly at any of MBSB's branches or through the employer's Human Resources Department.
Other Details:
Security Deposits - equivalent to 3 months installment amount (to be included in the financing amount).
Profit Rates:
Repayment Periods Private Sector Rates Government Rates
2 - 3 years 6.35% 5.60%
4 - 5 years 6.75% 6.00%
6 - 7 years 7.00% 6.25%
AR -RAJHI PERSONAL LOAN
What is the similarity between hypermarkets and banks? They compete fiercely! And that means a better bargain for consumers.
Al Rajhi Personal Financing-i from the same bank is a good example and for those looking for a personal loan, it is worth to take a look. What make this loan attractive is it low back-end cost – it does not imposed any monthly late payment charges and no penalty on early loan settlement.
How it works
The requirement for Al Rahjhi’s Personal financing-i is very similar with others; it carries a flat 8.5% interest rate per annum (or profit rate in Islamic banking term) and the loan tenure is from minimum 2 years to maximum 5 years. Maximum loan amount is 5x of monthly income.
Within this loan, there is also a ‘mini loan’ with a maximum amount of RM20,000. This mini loan charges the same 8.5% interest but the approval requirement is much simpler – only IC and currently owned any bank’s credit card for a minimum of 2 years and have not owned more than 3 credit cards in total. Of course the approval is subjects to good credit rating. In a simpler form, this mini loan is just like swapping your credit card and hitting the limit at one go.
Upon approval of the loan, a new account will be created to facilitate auto loan payment deduction. There is no stopping one from withdrawing all the money from the account. However it is important to ensure sufficient money for the monthly auto deduction to avoid account being over drawn. The maximum allowed lapse payment is 3 months.
Processing fee
The up-front fees and charges is probably the highest in the industry – RM310 in total. Of that amount, RM150 is for the processing fee, RM150 is for the trading cost and RM10 is for the stamp duty cost.
Charges
Here is why this loan stands out. First it does not imposes any late payment or over drawn charges. But action will be taken should the payments lapsed more than 3 months.
Secondly, if you chose to settle the loan earlier, there is not only no early settlement penalty, but you also get a rebate on the interest and need only pay the outstanding principles (currently the standard practice is 1 to 3% of the outstanding balance + interest + principle) . The early settlement can be done through out the loan period and is not subjected to the minimum 2 years requirements.
Bottom line
Al Rajhi’s Personal Loan is attractive as it has rare ‘escape’ features especially for those who borrows the money for anything but self-indulgence and dubious consumption purpose. In fact, it early settlement interest rebate is a great incentive to pay-off the loan and that means a lower overall borrowing cost.
For those that have lesser discipline and commitment, the no late payment charge might be a moral hazard thing – it may encourages them to delay monthly payment that can quickly turns into payment lapse.
Any financial decision has a far reaching consequences, a seemly small RM20,000 loan now might affect your car/house buying, child education etc affordability in the future. Think carefully before committing to any personal loan.
Now let’s see how other banks react to Al Rajhi!
Al Rajhi Personal Financing-i from the same bank is a good example and for those looking for a personal loan, it is worth to take a look. What make this loan attractive is it low back-end cost – it does not imposed any monthly late payment charges and no penalty on early loan settlement.
How it works
The requirement for Al Rahjhi’s Personal financing-i is very similar with others; it carries a flat 8.5% interest rate per annum (or profit rate in Islamic banking term) and the loan tenure is from minimum 2 years to maximum 5 years. Maximum loan amount is 5x of monthly income.
Within this loan, there is also a ‘mini loan’ with a maximum amount of RM20,000. This mini loan charges the same 8.5% interest but the approval requirement is much simpler – only IC and currently owned any bank’s credit card for a minimum of 2 years and have not owned more than 3 credit cards in total. Of course the approval is subjects to good credit rating. In a simpler form, this mini loan is just like swapping your credit card and hitting the limit at one go.
Upon approval of the loan, a new account will be created to facilitate auto loan payment deduction. There is no stopping one from withdrawing all the money from the account. However it is important to ensure sufficient money for the monthly auto deduction to avoid account being over drawn. The maximum allowed lapse payment is 3 months.
Processing fee
The up-front fees and charges is probably the highest in the industry – RM310 in total. Of that amount, RM150 is for the processing fee, RM150 is for the trading cost and RM10 is for the stamp duty cost.
Charges
Here is why this loan stands out. First it does not imposes any late payment or over drawn charges. But action will be taken should the payments lapsed more than 3 months.
Secondly, if you chose to settle the loan earlier, there is not only no early settlement penalty, but you also get a rebate on the interest and need only pay the outstanding principles (currently the standard practice is 1 to 3% of the outstanding balance + interest + principle) . The early settlement can be done through out the loan period and is not subjected to the minimum 2 years requirements.
Bottom line
Al Rajhi’s Personal Loan is attractive as it has rare ‘escape’ features especially for those who borrows the money for anything but self-indulgence and dubious consumption purpose. In fact, it early settlement interest rebate is a great incentive to pay-off the loan and that means a lower overall borrowing cost.
For those that have lesser discipline and commitment, the no late payment charge might be a moral hazard thing – it may encourages them to delay monthly payment that can quickly turns into payment lapse.
Any financial decision has a far reaching consequences, a seemly small RM20,000 loan now might affect your car/house buying, child education etc affordability in the future. Think carefully before committing to any personal loan.
Now let’s see how other banks react to Al Rajhi!
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