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Product
Interest rate Tenure Refinancing * Payout Net Payout Min Financing Amount Max Financing Amount
Y3
4.99% 1 yr -22 yrs Allowed
100% 92% RM 1,000 RM 250,000
Y4
5.99% 1 yr -22 yrs Allowed
100% 92% RM 1,000 RM 250,000
Y1
7.88% 5 - 20 years Nil 100% 92% RM 1,000 RM 250,000
Deduction
No 1 Descriptions Stamp Duty -Original -Customer copy New Product Y3 Y4 Existing Product Y1 RM 5 per RM 1,000 FA RM 10
RM 5 per RM 1,000 FA RM 10
2
3 4 5
Advance Instalment
Subscription Fee Monthly Member Fee BPA Charges
2 months
RM 20 RM 20 2%
2 months
RM 20 RM 20 2%
Nil
RM 20 RM 20 2%
member of
2
3 4
Profit/Interest rate
Min. Financing amount Max. Financing amount
7.88%
RM1,000 RM250,000
7.88%
RM1,000 RM150,000
5
6 7
Tenure
Payout Stamp duty Original - Copy Subscription fee
5-20 years
92%
1-10 years
87%
RM5 per RM1,000 RM5 per RM1,000 FA FA RM10 RM10 RM20 RM20
member of
Payout Illustration
Lower monthly instalment
Product Y1 = Existing
Loan amt Tenure Interest Rate Interest Amt Gross Amt Stamp Duty Mthly inst -Loan payment -BPA charge -Member fee RM10,000 240 mths 7.88% RM15,760.00 RM 25,760.00 RM 60.00 RM 129.48 RM107.33 RM 2.15 RM 20.00
Product Y3 = New
Loan amt Tenure Interest Rate Interest Amt Gross Amt Stamp Duty Mthly inst -Loan payment -BPA charge -Member fee RM10,000 240 mths 4.99% RM 9,980.00 RM 19,980.00 RM 60.00 RM 104.92 RM 83.25 RM 1.67 RM 20.00
member of
Payout Illustration
Product Y1 = Existing
Installment Tenure Interest Rate RM 224 240 mths 7.88%
Product Y3 =New
Installment RM 224
Tenure
Interest Rate
264 mths
4.99%
Loan amt
RM18,633
Loan amt
RM25,169
Deductions
Gross P/Out Stamp Duty 3rd Party Deduct Sub. Member Net P/Out (91%) RM18,633 (RM 95) (RM 1,491) (RM 20) RM 17,027
Deductions
Gross P/Out Stamp Duty 3rd Party Deduct Sub. Member Advance Inst. Net P/Out (90%) RM25,169 (RM 130) (RM 2,014) (RM 20) (RM448) RM 22,557
member of
Permanent
member of
Management reserves absolute right to reduce loan amount based on internal risk evaluations.
Status
A = AG
Perman B / C / D 6 mths < x < 15 REMARKS: ent Age Min : 18 years old 5 years years
Min Income : RM 700
E of ALL / UNI
member of
Management reserves absolute right to reduce loan amount based on internal risk evaluations.
7.88%
Sector Service Period 6 mths < x < 1 year Tenure Within contract 37 years 10 years 5 years 7 years Max Loan 15X / RM15K 15X / RM 30K 15X / RM 60K 15X / RM15K 15X / RM 30K
Contract
F = Contract (A /B/C/D/E)
Permanent G = NGS
1 year 3 years
member of
Management reserves absolute right to reduce loan amount based on internal risk evaluations.
Loan Documentation
Documents to Customer (By M.O) 1. Loan Application form 2. Membership Form 3. BPA 1/79 Documents from Customer 1.Original pay slip 2.Copy of IC/Authority card 3.Copy of bank statement 4.Employer confirmation letter Documents to be signed by Customer at RCEM 1. Schedule J 2. Side letter 3. Authorize pay 3rd party & indemnity letter 4. Loan agreement 5. Letter of declaration
Management reserves absolute right to reduce loan amount based on internal risk evaluations.