Fees and Charges > Personal Financing


Description

Type of Charges

Charges (RM)

Personal Financing
(Personal Financing for Professional Program, Personal Financing-i Non Package, Personal Financing-i Package and Personal Financing-i for Zakat Asnaf)
Stamp Duty
 
Ad-Valorem 0.5% of total financing amount for Principal Document and RM10.00 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
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.
   

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