Fees, Charges &Key Terms
Complete breakdown of all costs, charges, and important loan terms
Interest Rates
Fixed monthly interest rate for predictable repayments
Monthly Rate
0.66%
per month (Fixed)
Annual Percentage Rate
~7.92%
per annum (APR)*
Effective Interest Rate
~8.97%
per annum (EIR)*
* Note: APR and EIR are approximate calculations for comparison purposes. Actual rates may vary based on loan amount, tenure, and applicable fees. The monthly rate of 0.66% is fixed for the loan duration.
Complete Fee Breakdown
Transparent disclosure of all costs associated with your personal loan
| Fee / Charge | Amount | When Charged |
|---|---|---|
| CTOS Credit Check Fee | RM 30.00 | One-time upon application (Non-refundable) |
| Processing Fee | Nil | No processing fee charged |
| Stamp Duty | As per Stamp Act 1949 | Varies by loan amount (borne by borrower) |
| Monthly Interest | 0.66% per month | Charged monthly on outstanding principal |
| Late Payment Charge | As per loan agreement | When payment is overdue (subject to regulatory limits) |
| Early Settlement Fee | Subject to agreement terms | If loan settled before maturity (terms apply) |
| Account Maintenance Fee | Nil | No monthly or annual account fees |
| Loan Restructuring Fee | Subject to assessment | If approved for loan restructuring due to financial difficulty |
Key Loan Terms
Important terms and conditions you should understand before applying
Loan Amount
Minimum RM 5,000 to Maximum RM 1,000,000Loan amount subject to credit assessment, income verification, and affordability evaluation. Final approved amount may differ from application.
Repayment Tenure
6 to 108 monthsFlexible repayment periods to suit your financial capability. Longer tenure means lower monthly payments but higher total interest paid.
Monthly Installment
Fixed amount throughout tenureEqual monthly installments comprising principal and interest. Amount calculated based on loan amount, interest rate, and selected tenure.
Interest Calculation Method
Flat Rate basisInterest calculated on original principal for entire tenure. Monthly installment = (Principal + Total Interest) ÷ Number of Months.
Repayment Method
Auto-debit from bank accountMonthly installments deducted automatically from your designated bank account on the same date each month. Ensure sufficient funds to avoid late payment charges.
Early Settlement
Allowed with conditionsYou may settle your loan early at any time. Early settlement amount includes outstanding principal plus applicable fees. Contact us for latest settlement figure.
Late Payment Consequences
Charges and credit impactLate payment charges apply as per agreement. Persistent late payments negatively affect CTOS/CCRIS credit report and may result in legal action.
Default and Legal Action
After 3 consecutive defaultsFailure to pay for 3 consecutive months may result in loan recall, legal action, and reporting to credit bureaus. Contact us immediately if facing financial difficulty.
Collateral Required
Generally unsecuredPersonal loans are typically unsecured (no collateral). For higher loan amounts, additional security or guarantor may be required based on assessment.
Insurance
Optional loan protectionOptional loan protection insurance available to cover outstanding balance in case of death, total permanent disability, or critical illness (separate terms apply).
Important Disclosures
Please read these important notices before proceeding with your application
Indicative Rates Only
Interest rates, fees, and charges shown are indicative and for illustration purposes. Final rates and terms will be confirmed in your loan offer letter and formal agreement based on credit assessment.
Subject to Approval
All loan applications are subject to credit assessment, income verification, CTOS/CCRIS checks, and internal approval. Approval is not guaranteed, and we reserve the right to decline applications without providing reasons.
Borrow Responsibly
Only borrow what you can afford to repay. Assess your debt service ratio (total monthly debts ÷ monthly income) and ensure it remains below 40%. Consider your income stability and existing financial commitments.
Read Before Signing
The loan agreement is a legally binding contract. Read all documents carefully, including the Product Disclosure Sheet, Letter of Offer, and Loan Agreement. Ask questions if anything is unclear before signing.
Seek Help If Needed
If you face financial difficulties making repayments, contact us immediately. Early communication allows us to explore restructuring options. Free credit counselling is available through AKPK (1-800-88-2575).
Regulatory Compliance
Aeon-Credit Services operates under the Money Lenders Act 1951 and complies with Bank Negara Malaysia guidelines, Personal Data Protection Act 2010, and all relevant Malaysian regulations.
Before You Accept Your Loan Offer
Review this checklist to ensure you understand all terms and conditions
✓ Verify the monthly interest rate (0.66%) and ensure it matches your loan offer letter
✓ Confirm the total loan amount, RM 30 CTOS fee, and any other applicable charges
✓ Understand your repayment tenure, monthly installment amount, and payment due date
✓ Review the total amount repayable (principal + total interest + fees)
✓ Understand consequences of late payment, default, and how it affects your credit score
✓ Know your rights to early settlement and any applicable fees
✓ Confirm your bank account details for auto-debit are correct
✓ Understand the loan recall and legal action process if you default
✓ Know how to contact customer service if you have questions or face difficulties
✓ Keep copies of all signed documents (Loan Agreement, PDS, Letter of Offer)