EMLoan 17+
Fast & Easy Loan
Appnicorn
Designed for iPad
-
- Free
Screenshots
Description
Express Mortgage & Loan Sdn Bhd is a microlending app which allows users to apply for a micro loan (RM1,000 to RM10,000) with a comfortable repayment schedule up to 5 years.
Fees & Charges:
Minimum duration of payment: 6 months
Maximum repayment period: 60 months
Max. Annual Percentage Rate (APR): 18%
Processing Fee (Includes Legal Fee, Stamp Fee, and Service Fee):
1. Stamp Duty: 0.5% on loan amount,
2. Legal Fees: 7.5% on loan amount (including of 6% SST),
3. Insurance Fee: RM15 per year based on the repayment period of apply (if not enough 1 year, count as 1 year)
Both stamp duty, legal fees and insurance fee will be incurred upon first loan repayment.
Early Termination Fee: We do not charge any early termination fee but customer will not get the deduction of the interest and total payable of loan.
Late Payment Fee: RM50 per every time of late payment.
Late payment penalty is applied in the next repayment invoice if repayment is not done within 7 calendar days from the date of repayment schedule.
Calculation of the Loan
Loan Example:
Loan Amount: RM3,000.00
Tenure: 3 years
Interest Rate: 18.00% p.a.
Total payable: Loan + Total interest amount
RM3,000 + RM1,620 = RM4,620 to be paid over 3 years
Monthly repayment: Total payable/tenure (months)
RM4,620/36 months = RM128.33 per month
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Late Payment charge example:
Repayment schedule on 1st January but payment was only made on 8th January. Late payment charge will be added in next repayment invoice (February).
Calculation:
Monthly repayment amount + (late payment fee* how many times of late payment)
RM128.33 + (RM50)*1 = RM178.33
What’s New
Version 1.02
Improve Credit Evaluation Management
Ratings and Reviews
App Privacy
The developer, Appnicorn, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Not Collected
The developer does not collect any data from this app.
Privacy practices may vary based on, for example, the features you use or your age. Learn More
Information
- Provider
- Appnicorn Sdn Bhd
- Size
- 62.7 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 13.0 or later.
- iPad
- Requires iPadOS 13.0 or later.
- iPod touch
- Requires iOS 13.0 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Languages
-
English
- Age Rating
- 17+
- Copyright
- © 2023 Express Mortgage & Loan Sdn Bhd
- Price
- Free