Corporate Package Personal Loan is offered by Bank Muamalat and provides funds to the employees of selected non-government organisations, and the managerial level employees of DRB Hicom at a competitive profit rate.
|Financing Amount||Financing Tenure||Income Requirement||Profit Rate|
||2 to 7 years||NA||Competitive flat profit rates|
|Effective Profit Rate||NA|
|Minimum Financing Amount||Starts from RM7,000 (based on the type of employment)|
|Maximum Financing Amount||Up to RM150,000 (based on the type of employment)|
|Financing Tenure||Maximum tenure of up to 7 years|
|Stamp Duty||As per the Stamp Act 1949|
|Disbursement and Miscellaneous Fee||NA|
|Late Payment Charges||1% p.a. of the outstanding instalments.|
|Employment||The Managerial staffs of DRB Hicom and employees of selected organizations.|
|Minimum Income Requirement||
|Guarantor/Collateral Requirement||No guarantor or collateral is required.|
|Should I have linked bank account?||NA|
|NRIC copy (both sides)|
|Latest Pay slip (1 month)|
|Latest utility bill (for staff of selected organisations)|
|Employment Confirmation Letter (for staff of selected organisations)|
Q. I am an employee of a non-government institution. My monthly salary is RM3,000. How much loan amount I can apply for through this facility?
A. The amount applicable through this financing facility depends upon an individual’s rank and the monthly salary. To get a better understanding about the maximum limit applicable through Corporate, refer to the table below:
|Tenure||Ranking||Minimum loan amount||Maximum loan amount|
|2-7 years||Management ranking||RM10,000||10 times the monthly salary or RM150,000 (whichever is lower).|
|2-7 years||Other ranking||RM7,000||For monthly salary less than RM5,000: 5 times the gross salary.|
|For monthly salary more than RM5,000: 10 times the gross salary or a maximum of RM100,000.|
Q. Can I opt to fully settle the financing amount prior to the maturity date?
A. Yes. You can opt for an early settlement of the loan amount.
Q. Is there any benefit I can get with the early settlement of this loan?
A. Yes. You can earn rebate with the early settlement of the amount due.
Q. Is it compulsory to get the written will?
A. It’s optional to opt for the written will, but it’s recommended to get the same.
Q. Should I get the takaful protection on my plan?
A. It’s mandatory to get the takaful protection plan with the loan as it covers the outstanding balance should any unfortunate event or circumstance occur during the loan period.