Personal Financing-i

Posted April 22, 2009 - 2:01pm by Siti Zulffa Abu Bakar

Personal financing with low profit rate and pre-approved Al-Taslif MasterCard/VISA

Rate:

from 5.50% p.a.

Detail rate:

5.50% p.a. for 1-2 years
6.10% p.a. for 3-5 years
7.25% p.a. for 6-10 years
7.30% p.a. for 11-15 years

Maximum financing amount:

RM150000.00

Minimum financing amount:

RM1000.00

Repayment period:

Up to 15 years

Fees and charges:

- 5% of financing amount for service charge
- 0.5% of financing amount for stamp duty
- Insurance premium according to financing amount
-RM65 cooperative member's fee & RM12 legal fees

Approval time:

Fast approval

Minimum income requirement:

Monthly income of RM500

Guarantor requirement:

No collateral/guarantor required

Eligibility criteria:

- Government, Semi-Government Agencies, Royal Malaysian Police as well as Government-Linked Companies' employees
- Aged between 19 to 58 years old .
- Minimum 3 months of steady employment (2 years if under contract) with monthly deduction not exceeding 60% of gross salary.

Financier’s website:

http://www.ambg.com.my/personal/loansfinancing/personalfinancing/personalfinancing-i.asp