LajuCredit

About LajuCredit

Personal loans up to RM10,000

Product Information
Financing Term: 90 to 365 days
Annual Percentage Rate (APR): 0% (Minimum) – 18% (Maximum)

Financing Calculation Example:
Below is a sample calculation for a financing amount of RM10,000 with a financing tenure of 90 days (approximately 3 months).

Step 1: Calculate the Financing Cost
Financing Cost = Financing Amount × Number of Days × Daily Rate
Financing Cost = RM10,000 × 90 days × 0.05% = RM450.00

Step 2: Determine the Total Amount Payable
Total Amount Payable = Financing Amount + Financing Cost
Total Amount Payable = RM10,000.00 + RM450.00 = RM10,450.00

Step 3: Determine the Estimated Monthly Payment
Estimated Monthly Payment = Total Amount Payable ÷ Number of Months
Estimated Monthly Payment = RM10,450.00 ÷ 3 = RM3,483.33
Summary: For a financing amount of RM10,000 over a 90-day tenure, the total amount payable is RM10,450.00, with an estimated monthly payment of RM3,483.33 per month for 3 months.

Note: This calculation is for illustrative purposes only. Actual financing costs and monthly payments may vary depending on the approved rate and tenure.