Bank Overdraft Interest Rate Malaysia

Bank Overdraft Interest Rate Malaysia. Total Overdrawn Value = RM 20000 No of Days Overdrawn = 30 days in billing period of Sep 2013 Interest Rate = BLR + 1% per annum Thus interest charged for September 2013 is calculated as RM 20000 x (66% + 1%) x 30 / 365 = RM12493.

As one of the biggest banks in Malaysia Maybank has a solid FD option with flexible terms and a decent rate of return especially for longer tenure accounts [13] Save for as little as 1 month to as much as 5 years Better interest rates available for longer terms up to an impressive 21% for 60 month tenure accounts.

Overdraft Facility for Debit Cards

Interest rate ranges between BLR + 05% pa up to BLR + 300% pa depending on the utilized amount.

What Is An Overdraft Facility? CompareHero

PDF filethe total or aggregate Overdraft Facilities with the Bank exceeds RM 25000000 or such other limit as may be determined by the Bank • Interest on Overdraft Excess – If the Overdraft limit is exceeded for any reason whatsoever interest at the rate of 1% per annum above the Prescribed Rate or such other rate as may from.

Public Bank Berhad Overdraft

Get up to RM5000000 overdraft limit (minimum RM10000) Overdraft limit up to 100% of your secured HSBC Time Deposit amount Interest is only charged on the utilised amount of the overdraft and calculated on a daily basis No fixed instalment obligation – only need to service the monthly interest.