MD Personal Financing/-i (Islamic Financing)

Profit Rates Based on Financing Amount & Tenure:

Note: Final rate is subject to MD Capital’s approval.

Key Highlights:

• Profit Rate: From 15.00% p.a.
• Financing Amount: Up to RM50,000.
• Repayment Period: 12 to 60 months.
• Approval Duration: Up to 72 working hours.
• Shariah Compliant: Certified Islamic financing product.
• Eligibility: Available for Malaysian citizens and foreigners working in Malaysia.

Profit Rate:

• Starting from 15.00% p.a., depending on loan amount and tenure.

Key Features:

• Min. Financing Amount: RM5,000.
• Max. Financing Amount: RM50,000.
• Repayment Period: Flexible, from 12 months to 60 months.
• Disbursement: Up to 72 working hours.
• Debt Consolidation: Available.
• Shariah Compliant: Certified Islamic financing product.
• Competitive Rates: For student loans, debt consolidation, and home improvements.

Fees & Charges:

• Processing Fee: 2% of financing amount (Maximum RM500).
• Handling Fee: RM75.
• Stamp Duty: As stated in the Stamp Duty Act 1949 (Revised 1989).

Eligibility:

• Age Requirement: 21 years and above.
• Min. Monthly Salary: RM4,000.
• Employment Eligibility: Confirmed and permanent employee.
• Financial Background: Applicants should meet a minimum combined household income of RM4,850.

Required Documents:

• NRIC: Copy of NRIC (front and back).
• Income Documents: Latest 3 months of payslips and EPF statement.
• Bank Statement: Latest 3 months of bank statement.
• Utility Bill: Latest utility bill (e.g., water, electricity).

Who Can Apply?

• Malaysian Citizens and Foreigners working in Malaysia.

How Fast Can I Get the Loan?

• Approval Time: Typically within 72 working hours.

How to Apply:

1. Complete the MD Personal Financing/-i application form.
2. Submit the required documents for processing.
3. Wait for approval, typically within 72 working hours.

This format is designed for easy understanding of the MD Personal Financing/-i product.