MBSB Personal Financing-i 2013 (BIRO & NB)

8/10/2019 MBSB Personal Financing-i 2013 (BIRO & NB)

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PERSONAL FINANCING-

SCHEME

EXCLUSIVELY FOR BEREAU NON-

BEREAU

BY : MUHAMMAD AFIF BIN JAMALUDIN


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INTRODUCTION


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Introduction to MBSB Personal Financing-

2013 Packages


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Max-i2

A 100% pay out financing to cater for

customer seeking high margin of payout as

well as having more cash in hand for personal

consumption. All incidental expenses will be

financed into the financing amount.

Fixed 4.77% p.a with Bancatakaful product

and fixed 4.99% p.a without Bancatakaful

product.

New Year 2013

Fixed 3.99% p.a with Bancatakaful product and

fixed 4.20% p.a without Bancatakaful product.

New Loan

External OverlapNew Loan

External & Internal Overlap

2013 Personal Financing- New Packages


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High personal financing up to RM250,000

Enjoy low monthly repayment with financing tenure

up to 10 years

Attractive and low financing rate fixed at 3.99% p.a

for whole tenure

Unique Value Propositions

Deduction up to 60% of gross salary,

or as agreed by HR department

Shariah based financing

No guarantor and no collateral are required

Takaful coverage for financing protection


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MBSB Personal Financing 2013 Packages -

Features


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Product Features

New Year Package (1/2)

Features

1 Financing Amount Min: RM 3,000 ; (B) RM 30,000 (NB)

Max: RM250,0002 Financing Tenure Min. 2 years; Max. 10 years

3 Profit Rates OPTION 1 (with Banca): 3.99% Fixed Rate (Whole Tenure);

OPTION 2 (w/out Banca): 4.20% Fixed Rate (Whole Tenure)

4 Eligibility Criteria At least 19 yrs old and not exceeding 58 years upon expiry of facility or opted

retirement age whichever comes first; and

Malaysian Citizen; Permanent and confirmed employee (minimum 1 year for

non bereau); and

Minimum salary RM 1,500 (B) & RM2,000 (NB) inclusive of fixed allowance ; and

Total deduction inclusive of MBSBs instalment not to exceed 60% from the gross

salary ;

Open to Government (AG-Green Payslip and Non-AG) and GLC/SGLC employees;

and

Open for new to bank and existing customer (2ndaccount)

Applicable for new loan / external overlap

5 Repayment Method Biro Angkasa / Salary Deduction

6 Security Deposit 1 month (B) ; 2 months (NB)

7 Processing Fee Nil


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Features

8 Stamp Duty Nil

9 Takaful Coverage (GCTT) Full coverage.

10 Product Bundling (Option 1) Takaful Banca product (Great Eastern Takaful); and

Minimum of 1-year contribution will be deducted from the payout amount; and

Renewal payment to follow per current practice.

11 Others A member of MBSB TemanKu Club; and

Account holder for Al-Wadiah TK Saving Account; and

i-Care package.

12 Package Validity The package is applicable from 1 Jan 2013 until 31 Dec 2013.

Product Features

New Year Package (2/2)


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Product Features

Max-i 2 Package (1/2)

Features

1 Financing Amount Min: RM 10,000 (B), RM 30,000 (NB)

Max: RM250,000 (exclude incidental amount)

Note: Max Loan Amount inclusive of incidental amount = RM300,000

2 Financing Tenure Min. 2 years; Max. 10 years

3 Profit Rates OPTION 1 (with Banca) : 4.77% Fixed Rate (Whole Tenure); or

OPTION 2 (w/out Banca) : 4.99% Fixed Rate (Whole Tenure)

4 Eligibility Criteria At least 19 yrs old and not exceeding 58 years upon expiry of facility or opted

retirement age whichever comes first; andMalaysian Citizen; Permanent and confirmed employee (minimum 1 year for

non-bereau); and

Minimum salary RM 1,500 (B) & RM2,000 ( NB) inclusive of fixed allowance ;

and

Total deduction inclusive of MBSBs instalment not to exceed 60% from the

gross salary;

Open to Government (AG-Green Payslip and Non-AG) and GLC/SGLC employees;

and

Open for new to bank and existing customerinternal overlap

5 Repayment Method Biro Angkasa / Salary Deduction

6 Security Deposit 1months (B) ; 2 months (NB)

7 Processing Fee Nil


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Features

8 Stamp Duty Nil

9 Takaful Coverage (GCTT) Full coverage.

10 Product Bundling (Option 1) Takaful Banca product (Great Eastern Takaful); and

Minimum of 1-year contribution will be deducted from the payout amount; and

Renewal payment to follow per current practice.

11 Others A member of MBSB TemanKu Club; and

Account holder for Al-Wadiah TK Saving Account; and

i-Care package.

12 Package Validity The package is applicable from 1 Jan 2013 until 31 Dec 2013.

Product Features

Max-i 2 Package (2/2)


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Education

Medical

Loan consolidation with low rate

Home renovation

Travelling

Business

Investment


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YEAR 2 3 4 5 6 7 8 9 10

RM RM RM RM RM RM RM RM RM RM10,000 450 311 242 200 172 152 137 126 117

20,000 900 622 483 400 344 305 275 252 233

30,000 1,350 933 725 600 516 457 412 378 350

40,000 1,800 1,244 966 800 689 609 550 503 466

50,000 2,250 1,555 1,208 1,000 861 761 687 629 583

60,000 2,700 1,866 1,450 1,200 1,033 914 825 755 700

70,000 3,149 2,177 1,691 1,399 1,205 1,066 962 881 816

80,000 3,599 2,488 1,933 1,599 1,377 1,218 1,099 1,007 933

90,000 4,049 2,799 2,174 1,799 1,549 1,371 1,237 1,133 1,049

100,000 4,499 3,110 2,416 1,999 1,721 1,523 1,374 1,258 1,166

110,000 4,949 3,421 2,657 2,199 1,894 1,675 1,512 1,384 1,282

120,000 5,399 3,732 2,899 2,399 2,066 1,828 1,649 1,510 1,399

130,000 5,849 4,043 3,141 2,599 2,238 1,980 1,786 1,636 1,516

140,000 6,299 4,354 3,382 2,799 2,410 2,132 1,924 1,762 1,632

150,000 6,749 4,665 3,624 2,999 2,582 2,284 2,061 1,888 1,749

160,000 7,199 4,976 3,865 3,199 2,754 2,437 2,199 2,013 1,865

170,000 7,649 5,287 4,107 3,399 2,926 2,589 2,336 2,139 1,982

180,000 8,099 5,599 4,349 3,599 3,099 2,741 2,474 2,265 2,099

190,000 8,548 5,910 4,590 3,798 3,271 2,894 2,611 2,391 2,215

200,000 8,998 6,221 4,832 3,998 3,443 3,046 2,748 2,517 2,332

210,000 9,448 6,532 5,073 4,198 3,615 3,198 2,886 2,643 2,448

220,000 9,898 6,843 5,315 4,398 3,787 3,351 3,023 2,769 2,565

230,000 10,348 7,154 5,556 4,598 3,959 3,503 3,161 2,894 2,681

240,000 10,798 7,465 5,798 4,798 4,131 3,655 3,298 3,020 2,798

250,000 11,248 7,776 6,040 4,998 4,303 3,807 3,435 3,146 2,915

FINANCING

AMOUNT

3.99%

MONTHLY REPAYMENT


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YEAR 2 3 4 5 6 7 8 9 10

RM RM RM RM RM RM RM RM RM RM10,000 452 313 243 202 174 154 139 128 118

20,000 903 626 487 403 348 308 278 255 237

30,000 1,355 938 730 605 522 462 418 383 355

40,000 1,807 1,251 973 807 696 616 557 510 473

50,000 2,258 1,564 1,217 1,008 869 770 696 638 592

60,000 2,710 1,877 1,460 1,210 1,043 924 835 766 710

70,000 3,162 2,189 1,703 1,412 1,217 1,078 974 893 828

80,000 3,613 2,502 1,947 1,613 1,391 1,232 1,113 1,021 947

90,000 4,065 2,815 2,190 1,815 1,565 1,386 1,253 1,148 1,065

100,000 4,517 3,128 2,433 2,017 1,739 1,540 1,392 1,276 1,183

110,000 4,968 3,441 2,677 2,218 1,913 1,695 1,531 1,404 1,302

120,000 5,420 3,753 2,920 2,420 2,087 1,849 1,670 1,531 1,420

130,000 5,872 4,066 3,163 2,622 2,261 2,003 1,809 1,659 1,538

140,000 6,323 4,379 3,407 2,823 2,434 2,157 1,948 1,786 1,657

150,000 6,775 4,692 3,650 3,025 2,608 2,311 2,088 1,914 1,775

160,000 7,227 5,004 3,893 3,227 2,782 2,465 2,227 2,041 1,893

170,000 7,678 5,317 4,137 3,428 2,956 2,619 2,366 2,169 2,012

180,000 8,130 5,630 4,380 3,630 3,130 2,773 2,505 2,297 2,130

190,000 8,582 5,943 4,623 3,832 3,304 2,927 2,644 2,424 2,248

200,000 9,033 6,256 4,867 4,033 3,478 3,081 2,783 2,552 2,367

210,000 9,485 6,568 5,110 4,235 3,652 3,235 2,923 2,679 2,485

220,000 9,937 6,881 5,353 4,437 3,826 3,389 3,062 2,807 2,603

230,000 10,388 7,194 5,597 4,638 3,999 3,543 3,201 2,935 2,722

240,000 10,840 7,507 5,840 4,840 4,173 3,697 3,340 3,062 2,840

250,000 11,292 7,819 6,083 5,042 4,347 3,851 3,479 3,190 2,958

FINANCING

AMOUNT

4.20%

MONTHLY REPAYMENT


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Frequently Asked Questions (FAQ)


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1 Q : How many Personal Financing packages does MBSB offer?

A : New: 2 packages: New Year Package and Max-I 2.

Existing: Vaganza and Exec-I packages will be extended until 31 December 2013.

2 Q : How long is the loan tenure?

A : Up to 10 years or age of 58 years, or opted retirement age whichever is earlier. It will depend on the

packages offered.

3 Q : What is the maximum financing amount the applicants may apply?

A : The financing amount offered is up to RM250,000 depending on respective package and applicantseligibility.

4 Q : How many borrowers are allowed for an application?

A : Only one borrower can apply for each application.

5 Q : Do I need any guarantor to qualified for this loan?

A : Guarantor is not required for MBSBs PFI application.

6 Q : Is GCTT compulsory?

A : Yes, it is compulsory and the contribution amount of GCTT will be deducted from the financing amount.

Exceptional is on Max-I 2 product whereby the GCTT will be financed into the financing amount.


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7 Q : What if my adverse record with CTOS? May I still apply for the financing?

A : You may still apply as long as you have prudent evidence that you already settled the blacklistedloan. If your consolidate debt is below of RM 30,000.00 MBSB might deduct from your granted loan

to settle off the debt. However it still at MBSB discretion either to settle or reject the application.

8 Q : Is there any collateral required to support the application?

A : MBSB does not require any collateral to support the application.


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APPENDIX


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The Monthly Repayment payment is calculated in accordance to the formula below:

{(P x I x N) +P} / n, P = Approved Financing Amount

Where I = Profit Rate per annum

N = Tenure of facility in Years

n = Tenure of facility in Months

Customers are required to pay the fees and charges as follows :

i.Stamp Duty: Not Applicable;

ii.Wakalah Fee: RM38.00 per application;

iii.Takaful Contribution: Based on financing amount, tenure and customers age;

iv.Handling Fee: RM 120 per application.


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EXAMPLE:

The Monthly Repayment payment is calculated in accordance to the formula below:

{(P x I x N) +P} / n, P = Approved Financing Amount

Where I = Profit Rate per annum

N = Tenure of facility in Years

n = Tenure of facility in Months

{(RM100,000 x 3.99% x 10) +RM100,000} / 120

= RM1,166 per month


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