Product Features
- Location: Whole Malaysia
- Interest Rate:5.00%
- Payout: Loan Amount - RM80 - Takaful (refer calculation below)
- Tenure: 3 to 15 years
- Max Age at end of tenure: 70 years old
- Max Age to apply: 66 years 9 months
- Financing Amount: RM5,000 to RM100,000
- Pension Amount: RM750.00 and above
Computation
Loan Amount Eligibility
- Available Deduction = (Gross Pension - Deduction (House-if any)) x 50%
- Example for customer with house deduction:
- Eligible Deduction = RM1000.00 (Pension Amount) - RM300.00 (potongan rumah) x 50% = RM350.00
- Refer to repayment table (RM350.00) to get loan amount
- Example for customer without deduction:
- Eligible Deduction = RM1000.00 x 50% = RM500.00
- Refer to repayment table with RM500.00 to get loan amount
Takaful Calculation
- Sample calculation, scenario:
- Applicant Age : 55 yrs
- Tenure : 10 years
- Loan : RM10,000.00
- Calculation:
- Takaful = Factor (refer table) x Loan Amount ÷ 1000.00
- Takaful = 62.23 x 10,000.00 ÷ 1,000.00 = 622.30
Document Required
- 2 Copies I/C
- 2 Copies Card PENCEN
- 1 Copy Spouse I/C (for male applicant only)
- Sijil Kematian (jika pemohon duda)
- Sijil Cerai (jika pemohon sudah bercerai)
- PENCEN Statement (jika pemohon JPA boleh print statement di laman web ini ( jpapencen.gov.my )
- RHB Islamic Saving Account
- Balu (tidak perlu I/C Suami)
Application Form Downloads
You can download and print application form on your own.
Notes:
- Letter of Offer - 3 sets
- Other forms - 1 set
