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- 3 years: 4.20% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).
- 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])
- 1-3 years: Base Rate (BR) + 2.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
- 4-10 years: Base Rate (BR) + 3.02% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
- 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)
- 1-10 years: 5.99% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).
Floating Rate (Base Rate [BR])
- 1-3 years: Base Rate (BR) + 3.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
- 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)
- Applicant must be 25 years old and not exceeding the retirement age at the end of payment period
- Malaysian citizen
- Fixed income earner with a minimum gross income of RM2,000 per month
- Minimum tenure in service:
- Permanent Staff: 6 months
- Contract Staff: 2 years (Government only)
Eligibility (Sole Proprietorship or Partnership)
- 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)
- Malaysian citizen
- Earning a minimum gross monthly income of RM2,000 and above
- Minimum of 2 years in business
Documents Required
For salary earner applicant: –
- Photocopy of Identity Card
- Latest pay slip
- 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.