Need some cash in an emergency? Pick up an AmBank QuickCash loan with no hassle for as low as 5.88% p.a. for a limited time until the 31 March 2018, subject to terms and conditions.
How does it work?
Well first you need to be an AmBank and/or AmBank Islamic principal cardholder for any one of their credit cards. The cash loan will be credited directly from your credit card, so you can keep track of the repayments via your monthly credit card statement.
With the AmBank QuickCash you can borrow a minimum of RM1,000 up to the maximum amount of your available credit limit. It works similarly to any other loan, you need to pay back the amount that you borrowed, and just like a credit card, there is an applied interest rate to the repayments.
How bad are the rates?
Not at all. For the QuickCash, you can choose your repayment tenures from 12 months, 24 months and 36 months, with each tenure coming with a fixed interest rate or management fee.
Don’t worry as they’re not exponential, just remember to pay your installments on time and in full. Paying only the minimum amount or being late on payments will incur the regular interest rate of 18%p.a.
On the other hands, if you paid off your debt ahead of your repayment tenure, the bank reserves the right to debit you RM100 on the outstanding balances. Just you so know, cancellation of the card is also deemed as early settlement.
Therefore, to avoid paying unnecessary charges and stay on course in paying your dues!
Where do I apply?
First of all, complete the application form. Then, you can either email it or submit it to the nearest branch:
- Email to email@example.com
- Visit the nearest AmBank / AmBank Islamic branch
- Or, you can drop AmBank / AmBank Islamic a line at 03 2178 8888 with the following details: (1) IC Number, (2) QuickCash Amount, and (3) Instalment Tenure.
There you have it, rainy day be gone. Instant cash for whenever you’re in a pinch.