Financing Quantum

Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM300,000

Payment Period Tenures

• Maximum of 10 years (120 months) or up to the retirement age, whichever is earlier

Financing Rate Offer With Takaful Coverage

Flat Rate

(Promotional Rate for Package and Program Customer, 7 months only from 01/08/2019 to 29/02/2020)

1. 1- 3 years : 4.20% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).
2. 4-10 years : 4.35% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

Floating Rate Fragmentation (Base Rate [BR])

1. 1-3 years: Base Rate (BR) + 2.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
2. 4-10 years: Base Rate (BR) + 3.02% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
3. Revised BR (effective date 10 May 2019) is 3.77% p.a

Financing Rate Offer Without Takaful Coverage

Flat Rate

(Promotional Rate for Package and Program Customer, 7 months only from 01/08/2019 to 29/02/2020)

1. 1-10 years : 5.99% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

Floating Rate (Base Rate [BR])

1. 1-3 years : Base Rate (BR) + 3.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
2. 4-10 years : Base Rate (BR) + 5.28% p.a.

Revised BR (effective date 10 May 2019) is 3.77% p.a

Eligibility & Requirements

Eligibility (Salary Earner)

1. Applicant must be 25 years old and not exceeding the retirement age at the end of payment period
2. Malaysian citizen
3. Fixed income earner with a minimum gross income of RM2,000 per month
4. Minimum tenure in service:
5. Permanent Staff : 6 months
6. Contract Staff : 2 years (Government only)

Eligibility (Sole Proprietorship or Partnership)

1. Applicant must be 25 years old and not exceeding the retirement age at the end of payment period (maximum entry age is 65 years and up to 70 years old)
2. Malaysian citizen
3. Earning a minimum gross monthly income of RM2,000 and above
4. Minimum of 2 years in business

Documents Required

For salary earner applicant:-

• Photocopy of Identity Card
• Latest payslip
• Latest letter of confirmation from employer (salary earner)
• Certificate of registration with Malaysian Medical Council or Malaysian Dental Council
• And at least one (1) of these:
• Latest income statement (Form B/eBE/ EA/EC); or
• Latest 3 months Bank Statements of salary crediting account; or
• Any other latest supporting document such as EPF statement, if required

For Sole Proprietorship or Partnership:-

• Photocopy of identity card

Fees & Charges

RM50.00 – For being the customer’s agent to sell commodity to the Broker.