Al Rajhi - Mass Market

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Revision as of 06:38, 8 June 2012 (view source) Mimi (Talk | contribs) (→Employment Status C - GENERIC (PF-FI)) ← Older edit		Revision as of 06:39, 8 June 2012 (view source) Mimi (Talk | contribs) (→Employment Status C - GENERIC (PF-FI)) Newer edit →
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	a) BURSA Transaction Fee		a) BURSA Transaction Fee
	b) Transfer of Ownership Fee (for Steamcoal)		b) Transfer of Ownership Fee (for Steamcoal)
-	#Optional	+	# Optional
	a) Takaful (depends on the amount financing, tenure and age)		a) Takaful (depends on the amount financing, tenure and age)
	b) Standard Will Writing          -RM 350.00		b) Standard Will Writing          -RM 350.00

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Revision as of 06:39, 8 June 2012

Contents 1 Product Criteria 2 Target Market 3 Al Rajhi Approved Employer 4 Employment Status A - GENERIC (employee) 5 Employment Status B - GENERIC (Self Employed) 6 Employment Status C - GENERIC (PF-FI)

Product Criteria

• Interest Rate :

Target Market

• Applicants without potongan biro are allowed to apply under this package.
• Self-employed / Own business
• Direct Sales
• Commission Earners
• Insurance Agents

Al Rajhi Approved Employer

AEL (Approved Employment Listing)

• Needs only 1 month payslip
• Payslip condition must be carbonite / logo(payslip photocopy)
• Bank statement(must have pengesahan from bank officer)
• Payslip without logo - perlu disahkan oleh HR(copy perlu ada 1)nama pic 2)Jawatan 3)nama company/alamat)

EEL (E Employment Listing)

• Do not need to have pengesahan jawatan.
• Foreigner can apply - gaji must be RM15k and above.

Sdn Bhd Company

• Needs 3 month payslip
• Needs 3 months bank statement(to show gaji)
• Certain Company must have verification letter(with letter head) address under Alrajhi Bank

Employment Status A - GENERIC (employee)

• Rate  : 7.25% (Income more than 10K-rate:6.5%)
• Financing Amount  : RM2,000 - RM15,000(MAX)
• Financing Limit  : 5 times salary or customers eligibility & entitlement whichever is lower
• Financing Tenure  : 2-5 years
• Age  :
  • Min 21 years old based on year of Birth
  • Max 55 years old
• Employment Status  : Permanent
• Employment Length  : Minimum 1 year
• Processing Fess  : Waived
• Deduction:
  • Transfer Of Ownership : Max RM15 or 0.015 cents PER RM1,000
  • Stamp Duty  : Min RM10 or 0.5% whichever is higher
  • Takaful  : Takaful Coverage
• Installment Payment  : Auto Debit (IBG) or pay over the counter
• Nationality  : Malaysia residents with a local residential & local correspondence address

• DOCUMENTATION:

1. Latest 3 month payslip
2. 2 copies of NRIC (both side)
3. Utility Bill -If the current address doesn't tally with the address in the NRIC-Items 1,2&3 (All documents must endorse by HR/Finance/Admin/Branch/Dept-Div Head and endorsement must have company's stamp with address,name,signature and designation)
4. Reference letter from HR (if necessary)
5. Bank statement showing latest 3 months income credited into bank account (must endorse by bank's officer including the bank's name and bank's official stamped.)

• Supporting Document (If necessary):

a) Rental Proceeds (Property):

• • Stamped tenancy agreement valid for at least 6 months.
  • Latest personal bank statements showing latest 3 consecutive

Employment Status B - GENERIC (Self Employed)

• Rate  : 7.25%
• Financing Amount  : RM2,000 - RM10,000(MAX)
• Financing Limit  : 5 times salary or customers eligibility & entitlement whichever is lower
• Financing Tenure  : 2-5 years
• Age  :
  • Min 21 years old based on year of Birth
  • Max 55 years old
• Employment Status  : Permanent
• Employment Length  : Minimum 1 year
• Processing Fess  : Waived
• Deduction:
  • Transfer Of Ownership : Max RM15 or 0.015 cents PER RM1,000
  • Stamp Duty  : Min RM10 or 0.5% whichever is higher
  • Takaful  : Takaful Coverage
• Installment Payment  : Auto Debit (IBG) or pay over the counter
• Nationality  : Malaysia residents with a local residential & local correspondence address

• DOCUMENTATION:

1. 2 copies of NRIC (both side)
   • • Business registration

• • 6 months business bank statement (must endorse by Bank Officer)
  • Form B (Personal Income Tax Declaration)
  • Receipt of Tax Payment as proof

1. Utility Bill - If the current address doesn't tally with the address in the NRIC.

• Supporting Document (If necessary):

a) Rental Proceeds (Property):

• • Stamped tenancy agreement valid for at least 6 months.
  • Latest personal bank statements showing latest 3 consecutive

Employment Status C - GENERIC (PF-FI)

• Rate  : 6.99%
• Profit Return  : 3.00% (INDICATIVE)
• Financing Amount  : RM5,000 - RM15,000(MAX)
• Financing Limit  : Up to Max mof 95%
• Financing Tenure  : 1-7 years
• Security  : Fixed investment(FI) / CASA(Deposit)
• Age  :
  • Min 21 years old based on Year of Birth
  • Max 65 years old (based on year of birth;age at the end of financing should not more than 60 years old) (PF secured FI<65 years old)
• Employment Status  : Permanent
• Employment Length  : Minimum 1 year
• Processing Fess  : Waived
• Deduction:

1. Processing Fee  : NIL
2. Stamp Duty on  :

 a) Master Commodity Sale Agreement - Ad velorem(currently is 0.5% of the total financing amount)
 b) Letter of Offer                 -RM 10.00
 c) Letter of Set Off               -RM 20.00
 d) Memorandum of Deposit           -RM 30.00
 e) Power of Attorney               -RM 30.00
 f) Folio (6 pages X RM2.00)        -RM 12.00
 g) Court Registration              -RM 10.00
 h) Attestation                     -RM 20.00
 i) Revocation of PA                -RM 36.00

1. Actual cost incurred (payable to commodity supplier) :

a) BURSA Transaction Fee b) Transfer of Ownership Fee (for Steamcoal)

1. Optional

a) Takaful (depends on the amount financing, tenure and age) b) Standard Will Writing -RM 350.00

• Installment Payment  : Auto Debit (IBG) or pay over the counter
• Nationality  : Malaysia Citizens / PR Holders

• DOCUMENTATION:

1. 2 copies of NRIC (both side)