What is the EiPlan?
Say hello to the saving grace of credit card repayments! Easy payment plans are here to help you out when making particularly large purchases on your credit cards, subject to terms and conditions.
The AffinBank Easy Installment Plan (EiPlan) is a repayment plan that will help you ease up on massive credit card bills. It is advisable to apply and convert your purchase before the next statement date.
How does it work?
It’s really easy! If you were to make a single purchase that costs more than RM500 on your Affin Bank credit card, simply drop a call to AffinBank and request that the purchase be converted to the EiPlan. Otherwise, you may directly fill in this application form and submit it to the bank conveniently.
Choose a repayment period that works for you and say goodbye to 18% interest per annum on that purchase. You only have to pay an upfront interest, that goes up to only 7% depending on your tenure, once off!
You can find more details about the tenures or the interest rates in the terms and conditions here.
Are there fees and charges?
A one-time interest will be charged based on the tenure you have chosen. Also, an early repayment fee will be imposed of RM50 will be imposed on you for finishing the repayment before the end of the tenure.