Al Rajhi - Mass Market

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(→Employment Status C - GENERIC (PF-FI))
(→Employment Status C - GENERIC (PF-FI))
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*'''DOCUMENTATION''':
*'''DOCUMENTATION''':
# 2 copies  of NRIC (both side)
# 2 copies  of NRIC (both side)
 +
 +
== Employment Status D - GENERIC (Target Segment) ==
 +
* Rate                  :
 +
** 2-5 years (7.25%)
 +
** 6-7 years up to (11.99%)
 +
* Financing Amount      : RM2,000 - RM15,000(MAX)
 +
* Financing Limit        : 5 times salary or customers eligibility & entitlement whichever is lower
 +
* Financing Tenure      : 2-7 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''':
 +
# Latest 1 month payslip
 +
# 1 copies  of NRIC (both side)
 +
# 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)
 +
# Reference letter from HR (if necessary)
 +
# 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

Revision as of 06:59, 8 June 2012

Contents

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:
    • Processing Fee  : NIL
    • 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
    • Actual cost incurred (payable to commodity supplier) :

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

    • 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)

Employment Status D - GENERIC (Target Segment)

  • Rate  :
    • 2-5 years (7.25%)
    • 6-7 years up to (11.99%)
  • Financing Amount  : RM2,000 - RM15,000(MAX)
  • Financing Limit  : 5 times salary or customers eligibility & entitlement whichever is lower
  • Financing Tenure  : 2-7 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 1 month payslip
  2. 1 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
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