OCBC is giving you the chance to win cash plus a 5 star holiday trip if you apply for OCBC Al-Almin Cash Financing-I. The prizes includes a pair of Airasia flight vouchers to Kota Kinabalu, 3 days 2 night stay at Hyat Regency. Ground arrangements also comes with bundled trip to Kinabalu Park Hot Spring, Mari Mari Cultural Village and Sapi island trip.
There are total for 4 couple prizes to be won. This offer is only valid from 18 October to 16 November. So hurry up and apply for it today.
Citibank is now back with up to RM 300 cash back promotion. To enjoy the cash back, you will need to apply for a Citibank Visa credit card online. Once the credit card has been approved, successful applicants will need to register themselves for electronic statement and electronic advice in order to be eligible for the cash back promo.
Applicants will need to swipe their credit card 3 times within 60 days of successful application (campaign period) to enjoy a RM 50 cash back.
Applicants will need to shop (retail purchase) with a minimum of RM 1500 amount (campaign period) with their successfully applied credit card.
This promotion is only valid for new Citibank Visa credit card holder with online credit card or SMS application. So if you have an existing Citi Visa card, you will have to apply a new card to be eligible for the promotion. Among the cards are not limited to Shell-Citi card, Citi Platinum Visa , Citi Cash Back Platinum Visa Card, Citi Rewards Platinum Visa Card, Citi Choice Visa Card and Citi Clear Visa Card. Electronic statement and advice enrolment is required so applicants will have to make sure they are enrolled before swiping their cards.
Cash back will be credited into eligible participant’s credit card statement
This promotion campaign is only valid from 18th of August till 31st of October 2014. Hurry up to apply if you are keen ! This offers only valid for online and SMS credit card application. The link to apply for the card is available Here while SMS application can be sent to 36700. Once a request has been submitted, Citibank will follow up and get back to you within the following day.
Amanah Saham Bumiputera(ASB) is an attractive unit trust fund for Malaysian Bumiputeras between the ages of 18 and 60 years old.
A brief history: ASB was launched by Amanah Saham Nasional Berhad (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 as a fixed price equity income fund where the price per unit of the fund is fixed at RM1.00 with no sales charges and no fees for redemption of units. Investors shall input a limit up to RM200,000.
Investors will enjoy capital gains that are retained in the ASB account which is allowed to cause the total amount in the account to exceed RM200,000. Therefore investors are free to decide the amount to invest at, and can add funds.
Dividend is distributed on a yearly basis but computed monthly based on the minimum amount of the months. Investors will also be assured capital guaranteed whereby historically, ASB has never given returns below 8.5%p.a.
ASB loans are basic term loans, and interest charged on ASB loans will be calculated using the reducing balance method (similar to those used by Housing Loans and Fixed Deposits). Most ASB loans today use floating interest rates, so interest rates will change according to BLR.
Investors can walk in to:
Banks provide a min loan amount of RM10,000 and max loan amount up to RM400,000 per borrower, at any one time including the balance outstanding of the existing ASB loans (if any), or up to the maximum investment amount allowed by ASNB, whichever lower
Here is an example of the margin of advance for loan amount up to RM200,000:
For loan amount above RM200,000, at any one time:
Investors will have the option to take up the loan up to 25 years or up to age 60, whichever is earlier. Below is an example of the loan pricing provided by banks:
Loan below 30,000
Loan RM30,000 & above
What documents are required for loan application?
To apply for ASB loan, investors must submit some basic documents for approval:
Self-Employed / Own or Partnership Professional Practices:
Commission Earners:
*NOTE: A Bank may require up to 6 months of income documents if the income comprise of variable components (Overtime, Allowances, Commission & etc).
What about repayment option?
For easy repayment, investors are given convenient options such as:
What about early Repayment?
Depending on the bank terms for full repayment of the outstanding ASB Loan made within the first 3 years from the date of loan disbursement, an exit fee based on the difference between the ASB Board rate and the promotion/special rate is chargeable.