- What is payment holiday? How does it work?
Payment holiday is a unique feature of our EZ Loan that allows you to pay your monthly installments at a much later date. Below is the payment holiday offer:
| Loan Amount |
12 |
24 |
36 |
| Below 80,000 |
N/A |
N/A |
2 months |
| 80,000 above |
N/A |
1 month |
2 months |
- 2. What is the applicable interest rate on my loan?
The applicable monthly Add-On Interest Rate on your loan will depend on the loan amount* and term you choose. See table below:
| Inteerest Rate |
12 |
24 |
36 |
| Over 500k |
1.60% |
1.50% |
1.50% |
| >200 - 500k |
1.60% |
1.55% |
1.55% |
| 100 - 200k |
1.65% |
1.60% |
1.60% |
| >40 - 99,999k |
1.75% |
1.65% |
1.65% |
| 20 - 40k |
1.80% |
1.80% |
1.80 |
Low interest rate is applicable only if monthly dues are paid in full.
* Loan amount is subject to Bank's approval
- Who is qualified to the payment holiday promo?
The promo is open to NEW Borrowers of EZ Loan no collateral cash loan. Excluded to avail this promo are applications under the Corporate and Top Up Personal Loans.
What is the duration of the promo?
The promo will cover all complete applications received from June 15 to August 31, 2004 and booked by September 17, 2004.
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