PERSONAL FINANCING-i SCHEME

EXCLUSIVELY FOR BEREAU & NONBEREAU

BY : MUHAMMAD AFIF BIN JAMALUDIN

INTRODUCTION

Introduction to MBSB Personal Financing-i

2013 Packages

2013 Personal Financing-i New Packages

New Year 2013

Fixed 3.99% p.a with Bancatakaful product and

fixed 4.20% p.a without Bancatakaful product.

Max-i 2

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 Loan
External Overlap

New Loan
External & Internal Overlap

Unique Value Propositions

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

High personal financing up to RM250,000

Enjoy low monthly repayment with financing tenure

up to 10 years
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

MBSB Personal Financing 2013 Packages Features

Product Features
New Year Package (1/2)

Features
1

Financing Amount

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

Max: RM250,000

Financing Tenure

Min. 2 years; Max. 10 years

Profit Rates

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

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

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 (2nd account)
Applicable for new loan / external overlap

Repayment Method

Biro Angkasa / Salary Deduction

Security Deposit

1 month (B) ; 2 months (NB)

Processing Fee

Nil

Product Features
New Year Package (2/2)

Features
8

Stamp Duty

Nil

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 (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

Financing Tenure

Min. 2 years; Max. 10 years

Profit Rates

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

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

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 internal overlap

Repayment Method

Biro Angkasa / Salary Deduction

Security Deposit

1months (B) ; 2 months (NB)

Processing Fee

Nil

Product Features
Max-i 2 Package (2/2)

Features
8

Stamp Duty

Nil

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.

Loan consolidation with low rate

Education
Medical
Home renovation
Travelling
Business
Investment

YEAR
FINANCING
AMOUNT
RM
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
210,000
220,000
230,000
240,000
250,000

10

3.99%
MONTHLY REPAYMENT
RM
450
900
1,350
1,800
2,250
2,700
3,149
3,599
4,049
4,499
4,949
5,399
5,849
6,299
6,749
7,199
7,649
8,099
8,548
8,998
9,448
9,898
10,348
10,798
11,248

RM
311
622
933
1,244
1,555
1,866
2,177
2,488
2,799
3,110
3,421
3,732
4,043
4,354
4,665
4,976
5,287
5,599
5,910
6,221
6,532
6,843
7,154
7,465
7,776

RM
242
483
725
966
1,208
1,450
1,691
1,933
2,174
2,416
2,657
2,899
3,141
3,382
3,624
3,865
4,107
4,349
4,590
4,832
5,073
5,315
5,556
5,798
6,040

RM
200
400
600
800
1,000
1,200
1,399
1,599
1,799
1,999
2,199
2,399
2,599
2,799
2,999
3,199
3,399
3,599
3,798
3,998
4,198
4,398
4,598
4,798
4,998

RM
172
344
516
689
861
1,033
1,205
1,377
1,549
1,721
1,894
2,066
2,238
2,410
2,582
2,754
2,926
3,099
3,271
3,443
3,615
3,787
3,959
4,131
4,303

RM
152
305
457
609
761
914
1,066
1,218
1,371
1,523
1,675
1,828
1,980
2,132
2,284
2,437
2,589
2,741
2,894
3,046
3,198
3,351
3,503
3,655
3,807

RM
137
275
412
550
687
825
962
1,099
1,237
1,374
1,512
1,649
1,786
1,924
2,061
2,199
2,336
2,474
2,611
2,748
2,886
3,023
3,161
3,298
3,435

RM
126
252
378
503
629
755
881
1,007
1,133
1,258
1,384
1,510
1,636
1,762
1,888
2,013
2,139
2,265
2,391
2,517
2,643
2,769
2,894
3,020
3,146

RM
117
233
350
466
583
700
816
933
1,049
1,166
1,282
1,399
1,516
1,632
1,749
1,865
1,982
2,099
2,215
2,332
2,448
2,565
2,681
2,798
2,915

YEAR
FINANCING
AMOUNT
RM
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
210,000
220,000
230,000
240,000
250,000

10

4.20%
MONTHLY REPAYMENT
RM
452
903
1,355
1,807
2,258
2,710
3,162
3,613
4,065
4,517
4,968
5,420
5,872
6,323
6,775
7,227
7,678
8,130
8,582
9,033
9,485
9,937
10,388
10,840
11,292

RM
313
626
938
1,251
1,564
1,877
2,189
2,502
2,815
3,128
3,441
3,753
4,066
4,379
4,692
5,004
5,317
5,630
5,943
6,256
6,568
6,881
7,194
7,507
7,819

RM
243
487
730
973
1,217
1,460
1,703
1,947
2,190
2,433
2,677
2,920
3,163
3,407
3,650
3,893
4,137
4,380
4,623
4,867
5,110
5,353
5,597
5,840
6,083

RM
202
403
605
807
1,008
1,210
1,412
1,613
1,815
2,017
2,218
2,420
2,622
2,823
3,025
3,227
3,428
3,630
3,832
4,033
4,235
4,437
4,638
4,840
5,042

RM
174
348
522
696
869
1,043
1,217
1,391
1,565
1,739
1,913
2,087
2,261
2,434
2,608
2,782
2,956
3,130
3,304
3,478
3,652
3,826
3,999
4,173
4,347

RM
154
308
462
616
770
924
1,078
1,232
1,386
1,540
1,695
1,849
2,003
2,157
2,311
2,465
2,619
2,773
2,927
3,081
3,235
3,389
3,543
3,697
3,851

RM
139
278
418
557
696
835
974
1,113
1,253
1,392
1,531
1,670
1,809
1,948
2,088
2,227
2,366
2,505
2,644
2,783
2,923
3,062
3,201
3,340
3,479

RM
128
255
383
510
638
766
893
1,021
1,148
1,276
1,404
1,531
1,659
1,786
1,914
2,041
2,169
2,297
2,424
2,552
2,679
2,807
2,935
3,062
3,190

RM
118
237
355
473
592
710
828
947
1,065
1,183
1,302
1,420
1,538
1,657
1,775
1,893
2,012
2,130
2,248
2,367
2,485
2,603
2,722
2,840
2,958

Frequently Asked Questions (FAQ)

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.

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.

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 applicants
eligibility.

Q:

How many borrowers are allowed for an application?

A:

Only one borrower can apply for each application.

Q:

Do I need any guarantor to qualified for this loan?

A:

Guarantor is not required for MBSBs PFI application.

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.

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 blacklisted
loan. 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.

Q:

Is there any collateral required to support the application?

A:

MBSB does not require any collateral to support the application.

APPENDIX

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

{(P x I x N) +P} / n,
Where

P = Approved Financing Amount

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.

EXAMPLE:
The Monthly Repayment payment is calculated in accordance to the formula below:
{(P x I x N) +P} / n,
Where

P = Approved Financing Amount

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