The interest/profit rates defer by banks, check information between all banks:
Bank Name | Information | |||||||||||||||||||||||||||
Alliance Bank CashFirst | The interest/profit rate depends on your financial profile, like your credit record, repayment habits, and loan / financing duration (Risk-based pricing). It starts from 4.99% to 16.68% per annum (flat rate). The Effective Interest/Profit Rate (The actual cost) over 5 years is approximately 9.14% to 27.05% per annum. The Bank may adjust the Interest/Profit Rate quoted with prior notice to you. Interest/Profit rate comparison example If you take a RM20,000 loan for 5 years at 12.68% per year with CashLoan (Alliance CashFirst Personal Loan), the total interest/profit rate and charges would differ compared to other loan options like “A Credit” Personal Financing.
* The calculation is for simulation purposes only. Please refer to final approved loan details during the loan acceptance stage. | |||||||||||||||||||||||||||
Bank Rakyat | Personal Financing-I InstaCash is an unsecured facility offered to individual customers. This product is offered on a floating rate basis using the monthly reducing balance method subject to Standardized Base Rate (SBR) revisions. It will be within the range of 8.09% to 8.76% per annum (illustrative fixed profit rate)* The Effective Profit Rate is approximately 13.33% to 14.83% per annum. For example: SBR** + profit rate % = 14.83% **The SBR is set as the Overnight Policy Rate (OPR) decided by Bank Negara Malaysia (BNM). Please refer to Bank Rakyat’s website https://www.bankrakyat.com.my/shariah/article/ consumer-guide-reference-rate for the latest SBR. The Bank may adjust the Profit Rate quoted with prior notice to you. Profit rate comparison example If you take a RM10,000 financing amount for a financing duration of 7 years at profit rate of 7.77% per annum with CashLoan (Bank Rakyat Personal Financing-i InstaCash), the total profit rate and charges would differ compared to other loan / financing options like “A Credit” Personal Financing.
* The calculation is for simulation purposes only. Please refer to final approved financing details during the final financing offer acceptance stage. | |||||||||||||||||||||||||||
CIMB eZi Tunai | The interest/profit rate depends on your financial profile, like your credit record, repayment habits, and loan/ financing duration (Risk-based pricing). It ranges from 6.88% to 24% per year (flat rate). Example 1: Customers with strong credit records, good repayment habits may receive a lower interest/profit rate. Example 2: Returning customers with good credit and repayment history may enjoy better rates. CashLoan’s underlying product, CIMB e-Zi Tunai is a flexible product that lets you borrow based on your needs, including small loan amounts or shorter loan periods (tenures). This makes e-Zi Tunai more affordable with lower total interest/profit rate payable compared to similar options. Interest/Profit rate comparison example For a RM1,000 loan over 3 weeks at 24% per year, the total charges would differ from “X Credit” Personal Financing.
* The calculation is for simulation purposes only. Please refer to final approved loan details during the loan acceptance stage. By offering shorter tenures and no additional fees, CashLoan provides a cost-effective and flexible borrowing solution. | |||||||||||||||||||||||||||