Sunday, May 16, 2010

Mass Market/Private sector rate 9.99 to 11.99 %

Personal Financing Product (Mass Market/ Private Sector)

Financing Tenure, Profit Rate, (flat per anum)
2-5 years 9.99%
6-7 years 11.99%
minimum salary RM 2000
Exp :-
25,000 x 9.99%
= 2,497.50 (profit p.anum)
= 12,487.50 (profit for 5 years
= 25,000 + 12,487.50
= 37,487.50 /60
= RM 624.79 (Monthly Payment)

Customer Disbursement
25,000 - 0.5% (Delivery Charges)
= 24,875 -250 (Gov Tax)
= 24,625 - 113.25 (Insurans -Age(34years)
= RM24,511.75

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