Ringgit Now

About Ringgit Now

Ringgit Now offers one-stop solution for end-to-end loan origination life cycle. We do robust straight-through processing, which covers from data input, pre-screening, credit-scoring, approval process, documentation, acceptance to account creation, insurance disbursement, conventional loan, and financing.

We understand not all of us can wait for a lengthy bank loan application during an emergency, but you can count on Ringgit Now to solve your worries. You can manage all your customer loans and repayments in one place. Spend less time on admin work and more time growing your business.

Disclaimer : For Malaysia's residents of 18 years old and above only.

Fees & Charges:

Minimum duration of payment: 3 months

Maximum repayment period: 24 months

Max. Annual Percentage Rate (APR) is 0%.

Processing Fee (Includes Underwriting Fee, Gateway Fee, and Service Fee)

RM300 ~ RM15000 depending on the loan amount

Early Termination Fee: None

Late Payment Interest: Late payment penalty may apply

Calculation of the Loan Example:

Loan Amount - RM3000.00

Loan Period - 6 Months Installment

Interest Rate - 0%

RM 20(Includes Underwriting Fee) + RM 20(Gateway Fee) + RM 20(Service Fee) = RM 60(Processing Fee)

RM3000(Loan Amount) * 0%(Interest rate per month) * 6 Months(Loan Period) = RM0(Total Interest Charge)

RM3000(Loan Amount) + RM0(Total Interest Charge) = RM3000(Total Repayment Amount)

RM3000(Total Repayment Amount) / 6 Months(Loan Period) = RM500 (Monthly Installment Calculation)

Others:

Minimum repayment period 90days

Maximum repayment period 730days

Maximum Annual Percentage Rate 18%

Including all applicable fees (Underwriting Fee, Gateway Fee, Service Fee)

Terms & Conditions
https://ringgitnow.com/terms/

Privacy Policy
https://ringgitnow.com/privacy-policy