Al Rajhi - Mass Market
From Internal
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:
- Latest 3 month payslip
- 2 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
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:
- 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
- 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:
- 2 copies of NRIC (both side)
