Rate Policy

The minimum lending rate for ALL our loans is 1.25% per month or 15.00% per annum (excluding fees). 

All our interest-free loans and Sharia Compliant Loans are all still structured with 0% interest rates. Details below....

Benchmarks

It would obviously not make sense to lend below our 15% minimum annual lending rate floor, when the average of selected 'risk-free' assets basket yield minimum of 15%, that involves basically no work done or lifting a finger.

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Our 'risk-free' 1% interest rate per day  (30% return per month) ecash service was deliberately left out of the table above for obvious and good reasons.

In the light of the above table, it will obviously not make financial and/or economic sense to fund a standalone loan with an interest rate at/below the average annual return of 15.224% (15%) p.a. 

Interest-free Loans & Our 15% minimum lending rates

Interest-free loans are available to existing clients and customers only and not available to new customers/clients. This is restricted to loans that is used to buy a product or procure a service from any of our merchant partners.

The combined return with this type of loan is typically, 0% on the loan itself but minimum return of 15% gained by any of our qualifying merchant partners.

Sharia Compliant Loans & Our 15% minimum lending rates

Like the interest-free loans above, this is also restricted to loans that is used to procure a service from any of our merchant partners (Hajj Loans excluded). The combined return with this type of loan is typically, 0% on the loan itself but minimum return of 15% gained by any of our qualifying merchant partners. More via our Islamic Finance.