No |
Term |
Definition |
1 |
Purpose |
For personal use |
2 |
Who Eligible |
All Government Pensioners Under Scheme a with their
monthly pension credited with BMMB |
3 |
Financing Tenure |
Minimum: 3 years
Maximum: 15 years |
4 |
Financing Amount |
Minimum: RM5,000-00
Maximum: RM100,000-00 |
5 |
Margin of Financing |
None |
6 |
Profit Rate |
5.50% flat p.a. / BFR + 1.80% (Capping at 11.00%) |
7 |
Ju'alah Rate |
None |
8 |
Mode of Payment |
Monthly deduction from Pension - BMMB Saving Account |
9 |
Advance Payment |
1 month installment |
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 (front and back); |
• |
Copy of Pension Card; |
• |
Pension Statement and BMMB Saving Passbook. |
|
19 |
Applicant's Eligibility |
• |
Age:
Maximum age during apply at 65 years old. |
• |
Income:
Minimum: 1/3 of Net Pension |
• |
Repayment Capacity:
1/3 or 33.33% of New Pension |
• |
Pension:
Scheme A pension and paid by JPA |
|
