The annual percentage rate (APR) is the amount of interest, insurance, and fees on your total loan amount that you’ll pay annually (averaged over the full term of the loan).
The APR includes, in addition to interest, all mandatory fees to be paid, such as Life insurance, stamps and file fees.
APR Calculation Example:
Net Loan Amount: 30,000
Loan Period (Years): 6
Interest rate*: 14.5%
Monthly payment: 643
*The interest rate and Annual Percentage Rate (APR) will vary depending on applicant’s segment and activity sector
The settlement of monthly payments will be executed through one of the available accounts (i.e. Blink account, Winner account, salary domiciliation or other if available).
The monthly fees of the Settlement Account (for example 3$ for a Blink account) are not taken into consideration in the typical APR calculation.
The above calculated amounts are based on applicant being Premium, Prime, &/or Public Sector.
Hence, the interest rate and monthly installment will vary depending on applicant's segment and activity sector
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Should you have any further inquiries or require assistance on the e-loan application please contact 1262 or ask for the Key facts Statement related to this product at the nearest branch