Asialend - Instant Approval, Zero Loanly Wait

Asialend - Instant Approval, Zero Loanly Wait
No Impawn, Zero Interest, Stop Worrying about Little Money!


ASIALEND is a licensed microfinance loan company with excellent reputation. It specialises in offering convenient and fast microfinance loan service for individuals. ASIALEND uses intelligence system to provide instant reviews and loans, freeing applicants from the hassle of preparing impawns and supporting documents as well as providing them the fastest funds to satisfy their needs in the shortest time possible.


Fees & Charges:

Minimum duration of payment: 3 months
Maximum repayment period: 24 months
Max. Annual Percentage Rate (APR) is 0%.
Processing Fee (Includes Legal Fee, Stamp Fee, and Service Fee)
RM300 ~ RM15000 depending on the loan amount

Early Termination Fee: None

Late Payment Interest
Late payment penalty may apply


Calculation of the Loan

Example:
Loan Amount - RM3000.00
Loan Period - 6 Months Installment
Interest Rate - 0%
Processing Fee (Includes Legal Fee, Stamp Fee and Service Fee) - RM30

Total Interest Charge: Loan Amount * Interest rate per month * Loan Period

RM3000 * 0% (Interest per month) * 6 Months = RM0

Total Repayment Amount: Loan Amount + Total Interest Charge
RM3000 + RM0 = RM3000

Monthly Installment Calculation: Total Repayment Amount / Loan Period
RM3000 / 6 Months = RM500

Total Cost of Loan = Processing Fee + Profit Rate Charges
Total Cost of Loan = RM30 + RM0 = RM30


Asialend - Instant Approval, Zero Loanly Wait
No Impawn, Zero Interest, Stop Worrying about Little Money!