OCBC Al-Amin Cash Financing-i
| No guarantor nor collateral needed |
|---|
| Shariah Compliant |
| From RM 6,000 to RM 20,000 financing available. Also subjected you income |
| From 5 years to 10 years maximum repayment |
| Minimum RM 2,000 monthly basic income |
| Malaysian Citizens and Permanent Residents residing in Malaysia only |
| Age requirement of 21 years old to 60 years old |
OCBC Cash Financing-i is part of OCBC’s Shariah Islamic compliant financing product. The loan is based on Bai’ al-‘Inah where loan is given out based on sale and purchase concept. This personal financing requires no guarantor and collateral while it is well structured for different needs. One can enjoy from RM 6,000 to a maximum of RM 20,000 financing with repayment period from 3 years to 10 years.
Interest Rates
OBCB Cash Financing-i features effective interest rates ranging from 12.98% to 25.81% which is not so bad for an unsecured personal loan
Balance Transfer
This loan has a balance transfer facility. This means that you can transfer your existing debts from credit card and other personal loans into OCBC Al-Amin Cash Financing-i. This could be helpful if your other debts have much higher interest rates while having a single point of loan would save you time and hassle.
Fees and Charges
There are no processing, Stamping and legal fees for this loan these are being absorb by the bank. Any late payment is subjected to 1% p.a. penalty. As for early settlement, there will be a 2.5% penalty based on the balance or RM 150 where the higher amount is applicable. All service charges is subjected to 6% GST.
Eligibility
Applicant will need a minimum monthly salary of RM 2,000. This loan is available to Malaysian Citizens and also Foreigners who are Permanent Citizens residing in Malaysia. Applicants will need to be minimum 21 years old and not exceed 60 at the end of loan tenure.
Documents
- Photocopy IC (Front & Back)
- Most recent salary statement
- 1 year EPF statement
Repayment Table
OCBC Corporate Cash-I
| Available to OCBC affiliated companies employee only |
|---|
| Very low Effective Interest Rates (EIR) at 11.13% p.a. to 14.51% p.a. |
| No guarantor nor collateral needed |
| From RM 6,000 to RM 150,000 financing available |
| From 3 years to 10 years maximum repayment |
| Malaysian Citizens and Permanent Residents residing in Malaysia only |
| Age requirement of 21 years old to 60 years old |
OCBC Corporate Cash-I is only available to OCBC’s affiliated companies. This is also a Shariah compliant loan where no guarantor and collateral is needed. One can enjoy from RM 6,000 to a maximum of RM 150,000 financing with option from 3 years to 10 years repayment. This loan has a balance transfer features.
Fees and Charges
The loan features no processing fees. Any late payment will be subjected to 1% p.a. penalty.
Repayment
As OCBC affiliated employees, the repayment of the loan will be auto deducted from applicant’s salary.
Repayment Table
