2012 mbsb product briefing
TRANSCRIPT
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Personal Financing-I Packages
2012.
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PRODUCT FEATURES
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FINANCING AMOUNT
Min : RM 50,000.00
Max : RM 200,000.00
FINANCING TENUREMin : 5 years
Max : 20 years
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MBSB XCHANGE-i
Option 1
Product Bundling with Banca
Takaful:
4.30% fixed rate
Option 2
Without Product Bundling:
4.50% fixed rate
PROFIT RATES
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MBSB XCHANGE-i
At least 19 years old and not exceeding 60 years upon expiry of facility or
opted retirement age whichever comes first; and
Malaysian Citizen; Permanent and confirmed employee; and
Minimum salary RM 700.00 inclusive of fixed allowance ; and
Total deduction inclusive of MBSB’s installment not to exceed 60% from
gross salary ; and
Open to Government (AG-Green Pay slip and Non-AG) and Non-
Government employees.
ELIGIBILITY CRITERIA
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MBSB XCHANGE-i ZERO ENTRY COST(ZEC)
The followings will be absorbed by MBSB:-
Stamp Duty ; and
Takaful contribution-GCTT; and
Charges on Redemption Statement (RS) imposed by other banks-RM50.00
per RS; up to 5 RS per application (reimbursement basis)
Important: Redemption Statement must reflect a rebate amount from existing financier
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GUARANTOR REQUIREMENT
WAIVED
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SECURITY DEPOSIT
ONE (1) MONTH INSTALMENT
PROCESSING FEE
2.0% FROM FINANCING AMOUNT
STAMP DUTY0.5% OF FINANCING AMOUNT
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MBSB XCHANGE-i EARLY SETTLEMENT
• Lock in period : 5 years ; and
• Early settlement Fee : 5.0% from Outstanding balance;
and
• To claw back all cost incurred under Zero Entry Cost (ZEC).
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MBSB XCHANGE-i TAKAFUL COVERAGE (GCTT)
Compulsory with details of coverage based on the followings :
Full financing amount; and
Full tenure coverage if financing is less than 10 years; or
Maximum 10 years coverage if financing is 10 years and above
Note: MBSB will undertake to pay any shortfall in the event of
insufficient coverage during claim
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CREDIT CHECKING
NO ADVERSE REMARKS ON CREDIT CHECKING
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MBSB XCHANGE-i OTHERS
A member of TemanKu MBSB PFI Club ; and/or Account holder for Al-Wadiah TK Saving Account ;
and/or
ARB Will Writing package.
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PACKAGE VALIDITY
FROM 1ST JANUARY 2012- 31 DECEMBER 2012
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EARLY BIRD PROMOTION3.99%
from 1/1/2012 until 31/3/2012or
upon achieving RM1.0 Billion in disbursement amount
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PRODUCT FEATURES
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FINANCING AMOUNT
Min. RM 3,000Max. RM 250,000
Note: Maximum financing amount for Non-Biro is up to RM200,000.
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FINANCING TENURE
Min 5 yrs
Max 20 yrs
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Option 1- WithProduct Bundling
4.99 %
Fixed Rate
Option 2- WithoutProduct Bundling
5.20 %
Fixed Rate
FINANCING TENURE
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At least 19 yrs old & not exceeding 60 yrs upon expiry of facility or
opted retirement age whichever comes first; and
Malaysian Citizen; Permanent & confirmed employee; and
Minimum salary RM 700.00 inclusive of fixed allowance; and
Total deduction inclusive of MBSB installment not to exceed 65%
from the gross salary; and
Open to government and non government employees.
ELIGIBILITY CRITERIA
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WAIVED
GUARANTOR REQUIREMENT
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REPAYMENT METHOD
AG Salary Deduction;
Biro Angkasa Salary Deduction
Employer Salary deduction
Note: Employer Salary deductions are limited to GLC, SGLC & selected companiesapproved by HOD- RBD/PFI
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Nil
SECURITY DEPOSIT
STAMP DUTY
0.5% from financing amount
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3.0 % from financing amount
PROCESSING FEE
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Lock in period : 5 yrs; and
Early settlement penalty: 5.0% from
Outstanding Balance.
EARLY SETTLEMENT
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Compulsory:
Full financing amount; and
Full financing tenure.
TAKAFUL COVERAGE (GCTT)
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CREDIT CHECKING
No adverse remarks on creditchecking
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OTHERS
A member of TemanKu MBSB PFI Club; and/or
Account holder for Al-Wadiah TK Saving
Account; and/or
ARB Will Writing package
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From1 January 2012,
Until 31 December 2012
PACKAGE VALIDITY
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