Affin Bank Berhad (AFFIN Bank) is a wholly-owned subsidiary of Affin Holdings Berhad that began operations in January 2001 after a merger in August 2000 between the former Perwira Affin Bank Berhad and BSN Commercial (M) Berhad. Affin Bank Berhad also provides a wide range of financial products and services to meet the needs of both retail and corporate customers. AFFIN Bank operates 110 branches in Malaysia, with its main office at Tingkat 17, Menara Affin, No 80, Jalan Raja Chulan, 50200 Kuala Lumpur.
A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement.
AFFIN Bank provides 5 types of personal loans:
The eligibility for individuals to apply for AFFIN Bank personal loans are as follows:
AFFIN BANK personal loans can provide you with the following benefits:
There are other benefits to each type of personal loan that you can enjoy!
Certain fees apply, including:
Stamp duty fee
0.5% of the whole amount
Brokerage fee
RM5 per RM1 million on a pro-rate basis
Security document retrieval fee
RM30
Additional financing statement
RM10 per request
For more information or assistance with AFFIN Bank personal loans,
Per Annum (p.a.)
The interest rate over one year with the assumption that interest is compounded annually.
Tenure
The period you must repay your loan.
Principal
Principal is commonly known as the loan amount you requested from the bank.
Interest rate
Principal is commonly known as the loan amount you requested from the bank.
Instalment
Instalment is the fixed amount you must repay your personal loan every month until the term expires.
Penalty
A fee that a bank will levy on your overdue amount if you are late with your repayment.
Default
The term used to describe a situation in which a personal loan is not paid off for more than three months.
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