RHB - PENCEN

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Line 2: Line 2:
* Location: Whole Malaysia  
* Location: Whole Malaysia  
* Interest Rate:5.00%
* Interest Rate:5.00%
-
* Payout:Loan Amount Less RM80 - Less Insurance
+
* Payout : Loan Amount Less RM80 - Less Insurance
* Tenure:
* Tenure:
**Max- 15 years or Age 70 years (which ever comes first)
**Max- 15 years or Age 70 years (which ever comes first)
Line 16: Line 16:
**Month (ELIGIBILITY)
**Month (ELIGIBILITY)
*'''Example if cust got house deduction:'''
*'''Example if cust got house deduction:'''
-
     >1000.00 - 300.00(potongan rumah)
+
     RM1000.00(Pension Amount) - RM300.00(potongan rumah)
-
     =700.00
+
     =RM700.00
-
     >700.00 X 50%
+
     RM700.00 X 50%
-
     =350.00 (Kelayakan)
+
     =RM350.00 (Kelayakan)- Refer to repayment table to get loan.
*'''Example if cust no deduction:'''
*'''Example if cust no deduction:'''
-
     >1000.00 X 50%
+
     RM1000.00 X 50%
-
     =500.00 (Kelayakan)
+
     =RM500.00 (Kelayakan)- Refer to repayment table to get loan.
*'''Insurance Calculation'''
*'''Insurance Calculation'''
-
>Age    : 60 yrs
+
*'''Example to calculate insurance amount:'''
-
>Tenure  : 10 years
+
**Age    : 55 yrs
-
>Loan    : RM10K
+
**Tenure  : 10 years
 +
**Loan    : RM10K
    
    
>>Factor (refer table) X Loan Amount divide 1000.00
>>Factor (refer table) X Loan Amount divide 1000.00

Revision as of 13:08, 31 May 2012

Product Features

  • Location: Whole Malaysia
  • Interest Rate:5.00%
  • Payout : Loan Amount Less RM80 - Less Insurance
  • Tenure:
    • Max- 15 years or Age 70 years (which ever comes first)
    • Min- 3 yrs
  • Age: Max Age to apply: 66 years 9 months
  • Financing Amount: RM5,000 to RM100,000
  • Pension Amount: RM750.00 and above

Computation

  • Gross Pension - Deduction (house-if any)
    • Balance X 50%
    • Month (ELIGIBILITY)
  • Example if cust got house deduction:
    RM1000.00(Pension Amount) - RM300.00(potongan rumah)
    =RM700.00
    RM700.00 X 50%
    =RM350.00 (Kelayakan)- Refer to repayment table to get loan. 
  • Example if cust no deduction:
    RM1000.00 X 50%
    =RM500.00 (Kelayakan)- Refer to repayment table to get loan. 
  • Insurance Calculation
  • Example to calculate insurance amount:
    • Age  : 55 yrs
    • Tenure  : 10 years
    • Loan  : RM10K

>>Factor (refer table) X Loan Amount divide 1000.00 >>91.61 X 10000.00 divide 1000.00 >>Takaful = 916.10

Document Required

  • 2 Copies I/C
  • 2 Copies Card PENCEN
  • 1 Copy Spouse I/C (for male applicant only)
    • Sijil Kematian
    • Sijil Cerai
  • PENCEN Statement
  • RHB Islamic Saving Account
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