PRODUCT DISCLOSURE SHEET UOB Personal Loan Interest Rate ...
PRODUCT DISCLOSURE SHEET UOB Personal Loan Interest Rate ...
PRODUCT DISCLOSURE SHEET UOB Personal Loan Interest Rate ...
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<strong>PRODUCT</strong> <strong>DISCLOSURE</strong> <strong>SHEET</strong><strong>UOB</strong> <strong>Personal</strong> <strong>Loan</strong><strong>PRODUCT</strong> <strong>DISCLOSURE</strong> <strong>SHEET</strong>(Read this Product Disclosure Sheet before you decide toapply for <strong>UOB</strong> <strong>Personal</strong> <strong>Loan</strong>. Read also the general terms &conditions)United Overseas Bank (M) Bhd<strong>UOB</strong> <strong>Personal</strong> <strong>Loan</strong>1. What is this product about?<strong>Personal</strong> <strong>Loan</strong> is an unsecured (clean) term loan. <strong>Personal</strong> <strong>Loan</strong> is marketed as a purpose drivenloan, hence is available for both personal and business consumption.2. What do I get from this product?• <strong>Loan</strong> facility from minimum RM5,000 to maximum RM100,000 (RM50,000 for self employedcustomers) based on customer’s eligibility.• <strong>Loan</strong> tenure from minimum 12 months to maximum 60 months.(tenure available: 12, 18, 24, 30, 36, 42, 48, 54 & 60 months)3. What are my obligations?Repayment of monthly installment based on the tenure.4. What are the fee and charges I have to pay?ItemPrescribed <strong>Rate</strong><strong>Rate</strong>s, Fees & ChargesMonthly Income<strong>Interest</strong> <strong>Rate</strong>SalariedSelf-EmployedRM2,000-
5. What if I fail to fulfill my obligation?• Default interest rate is charged. <strong>Rate</strong> as per listed under fees & charges.• The Bank shall cease to be under any further obligation to the Borrower, the Facility and anyinterest thereon and all other sums or monies (whether principal or interest) owing shallimmediately become payable.• The Bank shall be entitled to recover the same with interest thereon at the Default <strong>Interest</strong><strong>Rate</strong> or such other rate as the Bank may at its sole and absolute discretion.• Right to set-off – We have the right to set-off any credit balance in your account maintainedwith us against any balance in this <strong>Personal</strong> <strong>Loan</strong> account.6. What if I fully settle the balance before its maturity?Early settlement fee charged at 3% on balance outstanding, subject to a minimum of RM300,whichever is higher.7. What are the major risks?• If the monthly installment is not paid by due date then a default interest rate is charged.• If you have problems paying for monthly installment, contact us early to discuss repaymentalternatives.8. Do I need guarantor or collateral?• This facility requires no guarantor or collateral.9. What do I need to do if there are changes to my contact details?Borrower shall promptly inform the Bank in writing of any change in correspondence address.Failure on the Borrower’s part to notify any changes address resulting in the delay or return of anystatement, correspondence and notice shall not prejudice the Bank’s right or entitlement.10. Where can I get further information?For further or detail information regarding <strong>UOB</strong> <strong>Personal</strong> <strong>Loan</strong>, please log on to www.uob.com.myor call <strong>UOB</strong> 121at 03-2612 8121 (Kuala Lumpur), 04-2401 121 (Penang), 07-2881 121 (JohorBahru), 082-287 121 (Kuching, 088-477 121 (Kota Kinabalu) or visit any <strong>UOB</strong> branches.11. Other <strong>Personal</strong> <strong>Loan</strong> products availableMicro Enterprise Fund.IMPORTANT NOTE:LEGAL ACTION MAY BE TAKEN AGAINST YOU IF YOU DO NOT KEEP UP REPAYMENTS ONYOUR PERSONAL LOANThe information provided in this disclosure sheet is valid as at 19/12/2011 2
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