Tired of being cash-strapped? Overwhelmed by the unexpected such as car overdue service, or kids’ school supplies, or loan outstanding? You might need a Doctor Ringgit Instalment Loans.
What should I know about Doctor Ringgit Instalment Loans?
Unlike Doctor Ringgit Loan, this Instalment Loans is enhanced in terms of its features such as a higher loan amount and a longer repayment period.
You can borrow from a minimum of RM1,000 to a maximum of RM20,000 over a flexible repayment term of up to 12 months. The interest rate is fixed and flat for the entire period of borrowing, which is 18% p.a. or 1.5% per month.
For example, if you borrow RM3,000 for 12 months, the total amount you need to pay back at maturity is RM3,086.37, or approximately RM258 in equal monthly instalments.
Where can I apply for Doctor Ringgit Instalment Loans?
It’s very easy. You can apply here at RinggitPlus by clicking the APPLY NOW button and expect a call and/or SMS from Doctor Ringgit to complete your application. You will also need to bring along some documents such as:
- Original MyKad;
- Latest salary slip;
- Latest bank statement OR EPF statement.
Once you have submitted the application, you can get your loan approved and disbursed to your bank account potentially within 24 hours.
How to repay my Doctor Ringgit Instalment Loans?
You can only make your Doctor Ringgit Instalment Loans repayment via JomPay at Maybank2u or CIMB Clicks. If you don't have an account with any of these two banks, it is advisable to open one.
What happens next is you will receive an SMS from Doctor Ringgit acknowledging your repayment in 3 working hours.
Doctor Ringgit Instalment Loans can be settled off before maturity at no fee and charges. However, late payment of your Instalment Loans is not encouraged.
Although Doctor Ringgit does not charge a penalty for late payment, you are liable to charges imposed by Debt Collection Agency if you adamantly keep up with the habit of delaying your repayment.
Are there fees and charges I have to pay?
Yes. There are statutory chargeable fees that you need to pay such as Stamp Duty and Legal costs.
Who can apply for Doctor Ringgit Instalment Loans?
Any Malaysians aged between 21 to 60 years can apply for this Instalment Loans. However, for the time being, Doctor Ringgit Instalment Loans opens to customers working and with a valid home address in the Peninsular Malaysia only.
Can I trust Doctor Ringgit?
Doctor Ringgit is a company focused on micro-financing in the money lending industry with a valid business license granted by Ministry of Urban Wellbeing, Housing and Local Government (KPKT).