- You Pay
- RM 89 /mth
- Profit Rate
- Total Profit Payable
- RM 70
- Total Repayment
- RM 1,070
Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.
Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
The AFFINBANK SMEmerge-i Start-Up Financing is a loan for small to medium sized businesses with a maximum financing amount of RM 300,000. The interest rates offered are tiered according to the loan amount, with lower rate for higher loan amount.
Best for: iMoney recommends AFFINBANK SMEmerge-i Start-Up Financing loans as initial working capital for startups of up to RM 300,000 with tenure between 3 years to 7 years.
Pros: No collateral needed and high loan amount of RM 300,000.
The maximum you can borrow is up to RM 300,000.
Loan tenure means how long you will be expected to repay your loan. The maximum loan tenure for AFFINBANK SMEmerge-i Start-Up Financing is 7 years and the minimum loan tenure is 3 years. Why does this matter? The longer your financing tenure is, the lower your monthly repayment will be. But it also means higher profit charges.
The AFFINBANK SMEmerge-i Start-Up Financing can take up to 2 working days to process and approve your financing upon receiving all your information and documents.
To reduce your chances of rejection, we recommend applying for the loan through iMoney, as our call centre consultant will call you and run through an eligibility checker with you to ensure you fulfil all the criteria for the loan.
Stamp duties: It is as per Stamp Act 1949 (revised 1989) and will be borne by the customer.
In-House Documentation charges: No processing fees and no disbursement fees.
The Brokerage Fee is related to the brokerage cost, which is RM10 per RM1.0 million on pro-rate basis. The imposition of Brokerage Fee is as follows:-
Tax: Subject to all taxes and levies now or hereafter imposed by law
Other Fees and Charges: All other costs and expenses i.e. legal fees and other charges incurred in the preparation of all documentation, perfection of the Bank’s security documents and disbursement.
Late payment penalty: 1% per annum on the amount in arrears.
Default rate: In the event of default on the facility, the Bank will be entitled to charge the interest rate at BLR + 10% p.a or such other rate as the Bank may prescribe from time to time on the entire outstanding in the facility and account, unless specified otherwise this condition shall apply.
The Maybank Personal Loan is a fixed rate personal loan with fixed instalment payment throughout the loan tenure. The interest rate goes up to 14.81% per annum, or per year throughout the loan tenure.
Your monthly repayment will remain the same throughout the loan tenure, and it comprises the principal amount and interest.
Use the personal loan calculator above to calculate your monthly repayment.
Once you have completed your application with iMoney, you are required to provide the following documents for your application:
Similarly, with most financial institutions, AFFINBANK will check your credit record before they approve your application. If you are blacklisted, have a bad CCRIS record or have a weak credit score, chances are your application will be rejected.
iMoney recommends that you settle all your overdue payments before applying and keep a healthy credit record before you apply for personal financing. It is advised that you continue repaying your loans on time for another three months before reapplying.
Check your iMoney CreditScore for free to find out how your credit health is.
The Maybank SME Digital Financing is a loan for small to medium sized businesses with financing amounts as low as RM 10,000, and maximum amount of RM 250,000. The interest rates offered are tiered according to the loan amount, with lower rate for higher loan amount. Maybank SME Digital Financing also offers a lower rate for higher loan amounts, with tenure between 1 year to 5 years.