No |
Term |
Definition |
1 |
Purpose |
For personal use |
2 |
Who Eligible |
• |
Government Agencies; |
• |
IPTAs; |
• |
Government Related Companies; |
• |
DRB-HICOM Berhad and its subsidiaries; |
• |
Selected Corporate Companies / Corporations. |
|
3 |
Financing Tenure |
Minimum: 2 years
Maximum: 7 years |
4 |
Financing Amount |
Minimum: RM7,000-00
Maximum: RM100,000-00 or up to 10 times gross salary, whichever is lower |
5 |
Margin of Financing |
None |
6 |
Profit Rate |
• |
Without Ju'alah:
2 - 5 years: 5.50%
6 - 7 years: 5.80% |
• |
With Ju'alah:
2 - 5 years: 5.70%
6 - 7 years: 5.90% |
|
7 |
Ju'alah Rate |
Maximum 1.50% of the monthly installment collected (based on agreement) |
8 |
Mode of Payment |
By way of Salary Deduction or Salary with BMMB |
9 |
Advance Payment |
Two months installments |
10 |
Security Deposit |
None |
11 |
Broker Fee |
RM40-00 |
12 |
Stamp Duty |
Ad Valerom |
13 |
Wasiat / Will-Writing |
Compulsory |
14 |
Takaful |
Compulsory |
15 |
Guarantor |
None |
16 |
CTOS Checking |
Yes |
17 |
CCRIS Checking |
None |
18 |
Documents Required |
• |
Copy of NRIC or ID (front and back); |
• |
Latest Salary Slip; |
• |
Confirmation Letter from Employer; |
• |
Latest Utility Bills (TNB, Telekom, Syabas, Astro); |
|
19 |
Applicant's Eligibility |
• |
Age:
Minimum: 18 years old
Maximum: 55 years old or up to staff age of retirement set by the company,
whichever is earlier |
• |
Income:
Minimum: Basic Salary RM2,000-00 only |
• |
Employment:
Confirmed staff with minimum service of 3 years only |
• |
Repayment Capacity:
Based on Debt Service Ratio (DSR) 70% |
|
