rce - yayasan product briefing
TRANSCRIPT
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8/3/2019 RCE - Yayasan Product Briefing
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NEW RCENEW RCE--YAYASANYAYASANPRODUCT LAUNCHPRODUCT LAUNCH
28 November 2011
MRCE Marketing Sdn Bhd
Private & Confidential
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8/3/2019 RCE - Yayasan Product Briefing
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Take a GUESS????
INTEREST RATE???
.99%
.99%5
4
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New Product FeaturesNew Product Features
No Features RCE-YayasanNEW
(1 Nov 2011 31 Mar 2012)
Existing
1 Product Y3 Y4 Y1
2 Interest rate 4.99% 5.99% 7.88%
3 Tenure 1 yr -22 yrs 1 yr -22 yrs 5 - 20 years4 Refinancing * Allowed Allowed Nil
5 Payout 100% 100% 100%
6 Net Payout 92% 92% 92%
7 Min Financing Amount RM 1,000 RM 1,000 RM 1,000
8 Max Financing Amount RM 250,000 RM 250,000 RM 250,000
* Refinancing Account Year 2008 and before
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DeductionDeduction
No Descriptions New Product Existing Product
Y3 Y4 Y1
1 Stamp Duty
-Original
-Customer copy
RM 5 per RM 1,000 FA
RM 10
RM 5 per RM 1,000 FA
RM 10
2 AdvanceInstalment
2 months 2 months Nil
3 Subscription
Fee
RM 20 RM 20 RM 20
4 Monthly
Member Fee
RM 20 RM 20 RM 20
5 BPA Charges 2% 2% 2%
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Existing Product FeaturesExisting Product Features
No Features
1 Product code Y1 Y2
2 Profit/Interest rate 7.88% 7.88%
3 Min. Financing amount RM1,000 RM1,000
4 Max. Financing amount RM250,000 RM150,000
5 Tenure 5-20 years 1-10 years
6 Payout 92% 87%
7 Stamp duty Original
- Copy
RM5 per RM1,000 FA
RM10
RM5 per RM1,000 FA
RM10
8 Subscription fee RM20 RM20
9 Monthly member fee RM20 RM20
10 Advance Instalment Nil 0-3 months
11 BPA/collection charge 2% on Inst 2% on Inst
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Payout IllustrationPayout Illustration
Product Y1 = Existing
Loan amt RM10,000
Tenure 240 mths
Interest Rate 7.88%Interest Amt RM15,760.00
Gross Amt RM 25,760.00
Stamp Duty RM 60.00
Mthly inst RM 129.48
-Loan payment RM107.33
-BPA charge RM 2.15
-Member fee RM 20.00
Product Y3 = New
Loan amt RM10,000
Tenure 240 mths
Interest Rate 4.99%Interest Amt RM 9,980.00
Gross Amt RM 19,980.00
Stamp Duty RM 60.00
Mthly inst RM 104.92
-Loan payment RM 83.25
-BPA charge RM 1.67
-Member fee RM 20.00
Lower monthly instalment
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Payout IllustrationPayout Illustration
Product Y1 = Existing
Installment RM 224
Tenure 240 mths
Interest Rate 7.88%
Loan amt RM18,633
Product Y3 =New
Installment RM 224
Tenure 264 mths
Interest Rate 4.99%
Loan amt RM25,169
Deductions
Gross P/Out RM18,633
Stamp Duty (RM 95)3rd Party Deduct (RM 1,491)
Sub. Member (RM 20)
Net P/Out (91%) RM 17,027
Deductions
Gross P/Out RM25,169
Stamp Duty (RM 130)3rd Party Deduct (RM 2,014)
Sub. Member (RM 20)
Advance Inst. (RM448)
Net P/Out (90%) RM 22,557
Extra cash in hand ofRM5,530
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8/3/2019 RCE - Yayasan Product Briefing
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New Credit CriteriaNew Credit Criteria
Status Sector Service
Period
Max
Loan
Permanent
A = AG 3 years RM 250K
B = State / C* 5 years RM 250K
C / D (Hosp / GLC) 5 years RM 150K
E of ALL / UNI 5 years RM 60K
Product :Y3 4.99% , Tenure : 22 years
REMARKS:
Min Age : 20 years old Min Income : RM 1,200
Management reserves absolute right to reduce loan amount based on internal risk evaluations.
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New Credit CriteriaNew Credit Criteria
Status Sector Service
Period
Tenu
re
Max
Loan
Perman
ent
A = AG 6 mths < x < 3years 22years RM150K
B / C / D 6 mths < x < 5
years
15
years
RM
100K
E of ALL /UNI
6 mths < x < 5years
15years
RM60K
Product :Y4 5.99% , Tenure : 22 years
REMARKS:
Min Age : 18 years old
Min Income : RM 700
Management reserves absolute right to reduce loan amount based on internal risk evaluations.
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New Credit CriteriaNew Credit Criteria
Status Sector Service Period Tenure Max
Loan
Contract F = Contract(A /B/C/D/E)
6 mths < x < 1 year Withincontract
15X /RM15K
1 year / Auto Renew 3 7 years 15X /RM 30K
7 years 10 years 15X /RM 60K
Permanent G = NGS 1 year 5 years 15X /RM15K
3 years 7 years 15X /RM 30K
Product :Y2 7.88%
REMARKS:
Min Age : 18 years old
Min Income : RM 700
Management reserves absolute right to reduce loan amount based on internal risk evaluations.
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Loan DocumentationLoan Documentation
Documents to Customer (By M.O)
1. Loan Application form
2. Membership Form
3. BPA 1/79
Documents from Customer
1.Original pay slip
2.Copy of IC/Authority card
3.Copy of bank statement
4.Employer confirmation letter
5.Latest phone/utility bill
6. Option Letter
Documents to be signed byCustomer at RCEM
1. Schedule J
2. Side letter
3. Authorize pay 3rd
party &indemnity letter
4. Loan agreement
5. Letter of declaration
Management reserves absolute right to reduce loan amount based on internal risk evaluations.