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Ambank Personal Loan For Public Sector

Ambank Personal Financing-i is a Shariah compliant personal loan that requires no collateral and guarantor. Personal Financing-i is based on Bai ‘ Inah islamic banking concept. As for public sector loan, Personal Financing feature a low 3.30% p.a flat rate loan, the effective rate of the loan would be 6.21% for 4 years while 6.95% for 10…

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New Fuel subsidy scheme Malaysia 2014

Sin Chew daily has recently revealed a new form of fuel subsidy that has been planned for Malaysia that is set to start around September 2014. The new form of subsidy plan will effect commercial and non-commercial vehicle. This will indirectly influence the sale of fuel prices in Malaysia. Based on the daily, the new…

asb loan

ASB Loan introduction

History of ASB  AmanahSahamBumiputera(ASB) is an attractive unit trust fund for Malaysian Bumiputerasbetween the ages of 18 and 60 years old. ASB was launched by AmanahSahamNasionalBerhad (ASNB) on 2nd January 1990 for all Bumiputeras as an alternative savings vehicle for them. This will generate long term, consistent and competitive returns for investors. ASB was designed…

interest rise

Interest rates to rise on July

There has been news implicating the hike of interest rates in Malaysia. Economist predicts that OPR (Overnight Policy Rate) will hike of 25 points on July as Bank Negara will convey it’s MPC (Monetary Policy Meeting) while other predicts hike of 50 points by the end of 2014. The current OPR is set at 3.0%…

mbsb loan promotion

MBSB Personal Promotion

MBSB is now offering “Shop with MBSB Promotion” where successful applicants will receive a RM 500 retail voucher. This promotion with valid with the Financing-i Private personal loan product that is offered to private sector. You can enjoy as low as 4.88% p.a Fixed Interest Rate. The rate would be equivalent to BFR + 2.50%…