MBSB Personal Financing-i 2013 (BIRO & NB)
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Transcript of 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 pay- out 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 pay- out 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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Frequently Asked Questions (FAQ)
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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Frequently Asked Questions (FAQ)
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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