HKash

Why Choose Us and How You’ll Benefit?
• Low Rates: Our APR is upto 18% only, keeping your costs affordable.
• All-Inclusive Fees: The processing fee covers legal costs and stamp duty, so no hidden surprises.
• Flexible Plans: Choose a repayment schedule that works for you, with clear and simple terms.

Fees & Payments Terms:
• Minimum Payment Period: 3 months
• Maximum Payment Period: 24 months
• Annual Percentage Rate (APR): Capped at 18%
• Processing Fee: 10% of the loan amount
• Covers total loan cost
• Includes Stamp Duty and Legal Fees (based on the loan amount)

Example Calculation (Loan of RM 1,000):
• APR: 18%
• Maximum processing period 7 working days
• Processing Fee: RM 100 (10% of RM 1,000)
• Installment Period: 7 months
• Total Interest: RM 90
• Total Loan Cost: RM 190 (Total Interest + Processing Fee)
• Monthly Installment: RM 181.67
• Calculation: (Loan Amount + Total Interest) / Installment Period
• Example: (RM 1,000 + RM 90) / 7 = RM 155.71

Please note: The above calculation is for illustration only. (Based on your package selection)

Risks to Consider

While our Line of Credit is designed to be accessible and flexible, it’s important to understand the potential risks:
1. Late Payments: Missing or delaying payments may lead to additional charges and harm your credit score, making future borrowing more difficult.
2. Financial Strain: Taking on a loan that exceeds your budget can create financial pressure. Be sure your monthly installment is affordable based on your income.
3. Non-Refundable Fees: The 10% processing fee is fixed and non-refundable, even if you repay the loan early.

Being aware of these risks can help you make an informed decision and manage your loan responsibly.

Money Lender's Licence No. : 1118/2024
Enquiry and Complaint Hotline : 2929 0088