Fees and Charges > Personal Cash Line-i
Type of Charges
|Personal Cash Line-i||Stamp Duty
Ad-Valorem 0.5% of total financing amount for Principal Document and RM10 Nominal for Secondary Documents as stated in the Stamp Duty Act 1949 (Revised 1989)
|Wakalah Fee||RM50.00 – RM25.00 of each ABPA and ABSA|
|Temporary Excess Fee||RM50.00|
|Late Payment Charges (Ta’widh)||Before Maturity of Facility
A sum equivalent to one per cent (1%) per annum on overdue instalments until the date of full settlement.
After Maturity of Facility
A sum equivalent to the prevailing daily overnight Islamic Interbank Money Market (IIMM) rate on outstanding balance i.e. outstanding Sale Price less rebate (Ibra’), if any.
Post Judgement Debt
A sum equivalent to the prevailing daily overnight Islamic IIMM rate on basic judgment sum calculated from judgment date until the date of full settlement.
|Early Settlement||No ‘lock in period’ for this facility and the Bank shall grant Ibra’ on the deferred profit after full settlement is made|