Fees and Charges > Vehicle Financing

Description

Type of Charges

Charges (RM)
Vehicle Financing

 		 Stamp Duty

As per the Stamp Duty Act 1949 (Revised 1989)

 

  1. Without Guarantor (RM20.00)

    • Letter of Offer with Term and Condition – RM10.00
    • Power of Attorney – RM10.00
  2. With Guarantor (RM30.00)
  • Letter of Offer with Term and Condition – RM10.00
  • Power of Attorney – RM10.00
  • Letter of Guarantee – RM10.00
Late payment charges (Ta’widh) It is hereby agreed that the Customer shall pay the Bank late payment charges by way of Ta’widh (Compensation) as follows:

Before maturity of the Facility:
A sum equivalent to one per centum (1%) per annum on overdue instalment(s) until date of full payment;

After maturity of the Facility:
A sum equivalent to the prevailing daily overnight Islamic Interbank Money Market Rate on outstanding balance i.e. outstanding Selling Price less Ibra’ (if any);

Post Judgment Debt:
A sum equivalent to the prevailing daily overnight Islamic Interbank Money Market Rate on basic judgment date until date of full payment.
PROVIDED ALWAYS that the above said ta’widh (compensation) rates may be varied by Bank Negara Malaysia (BNM) from time to time and shall be applied in such manner as approved by BNM.
Early Settlement No ‘lock in period’ for this facility and the Bank shall grant Ibra’ on the deferred profit after full settlement is made.
   

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