Chapter 6: Personal loan offered by Agrobank

AGROBANK (BANK PERTANIAN MALAYSIA BERHAD)

The following are the personal loan scheme offered by AGROBANK

       A. Agro Bank: AgroCash-i

  1. Total Financing: RM1,000 to RM200,000

  2. Finance period: 12 to 120 month.

  3. Annual profit rate/interest rate: 5.20% p.a to 5.70% p.a.

  4. Salary eligibility: Gross salary RM1,000 per month or RM 12,000 per year

  5. Eligibility requirements:

Ø  General requirements:

·       Not blacklisted by any Financial Institution in Malaysia.

·       No Accounts under Special Attention Account (SAA).

Ø  For government employees:

·       Aged 18 to 60 years.

·       Income of RM1,000 per month and above or RM12,000 per year and above.

·       Served more than 3 years.

·       BIRO Perkhidmatan Angkasa (BPA) deduction are not more than 60% of the net monthly income.

·       Eligible to apply up to RM200,000 with profit rate of 6.45% p.a. to 6.95% p.a.

Ø  For GLC employees:

·       Aged 21 to 60 years.

·       Income of RM2,000 per month and above or RM24,000 per year and above.

·       Served more than 3 years.

·       BIRO Perkhidmatan Angkasa (BPA) deduction are not more than 50% of the net monthly income.

·       Eligible to apply up to 10 times of gross salary or maximum limit of RM100,000 with profit rate of 6.7% p.a. to 7.2% p.a.

        6. Required Documents:  

·       Copy of Identity Card (MyKad).

·       Copy of latest 3 months Salary Slip.

·       Copy of latest 3 months Bank Statements of salary crediting account.

·       Latest job confirmation letter.

        7. Charges imposed:

                             ·           Stamp duty fee of 0.5% of total financing.

                               ·           Brokerage Fee RM30.00 to RM50.

                               ·           Late payment charges of 1%

            ·       No early termination fee.

This is the end of this chapter, see you in the next post 😊