Utama > Kereta, Pelaburan > Calculation of Rebate for Fixed Rate Financing

Calculation of Rebate for Fixed Rate Financing

Please see example below for the calculation.

You borrow RM50,000 for a personal loan or hire purchase (fixed rate loan).

After paying for 5 years, or 60 months of installments, you would like to pay off your loan (full settlement). So you will get rebate for the remaining 24 months (84 months ā€“ 60 months).

The calculation of rebate is as follows:

source: Bank Negara Malaysia

Kategori:Kereta, Pelaburan
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