Pinching for fast cash but your salary is not in for another 3 weeks? Look no further as you are in the right place and at the right time for it.
What are the benefits of Doctor Ringgit Loan?
Since you are looking to secure a quick cash but not for a long haul and not for splurging, Doctor Ringgit Loan offers you the much needed emergency fund to survive for the month.
This loan facility allows you to borrow between RM500 to RM2,000 for up to 1 month, that means you can repay it back when your salary is credited.
The best part about Doctor Ringgit Loan is that you can get a Repeat Loan once your first borrowing has settled. The reloan amount is up to RM5,000, subject to Doctor Ringgit’s approval.
Tell me how it works exactly.
As there is no collateral required to back this cash loan up, you will be charged with a flat interest rate of 18% p.a., which is equivalent to 1.5% per month.
You only need to bring your MyKad along when applying for Doctor Ringgit Loan. Once you fulfilled all the requirements, you can get your cash loan approved and transferred to your bank account in no time.
Doctor Ringgit provides a hassle-free application with shortest processing time so that you can get your hand on the money as soon as possibly.
How to repay my Doctor Ringgit Loan?
You can only make your Doctor Ringgit Loan repayment via JomPay at Maybank2u or CIMB Clicks. Then, you will receive an SMS from Doctor Ringgit acknowledging your repayment in 3 working hours. If you don't have an account with any of these two banks, it is advisable to open one.
Doctor Ringgit Loan can be settled off before maturity at no fee and charges. However, late payment of your cash loan 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 Loan?
Any Malaysians aged between 21 to 60 years can apply for Doctor Ringgit Loan. Unfortunately for the time being, Doctor Ringgit Loan opens to customers working and with a valid home address within Kuala Lumpur and Selangor 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).