{"id":1100,"date":"2020-12-18T05:31:35","date_gmt":"2020-12-18T05:31:35","guid":{"rendered":"http:\/\/xanderia.com\/?page_id=1100"},"modified":"2024-03-21T04:18:33","modified_gmt":"2024-03-21T04:18:33","slug":"quick-links","status":"publish","type":"page","link":"https:\/\/xanderia.com\/my\/quick-links\/","title":{"rendered":"Pautan Pantas"},"content":{"rendered":"

Pautan Pantas<\/h2>
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Muat Turun:<\/h3>\n<\/div><\/section>\n
Lembaran Pendedahan Produk (PDS)<\/span><\/a><\/div><\/div>
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Soalan-soalan Lazim (FAQ)<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
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PRODUCT DISCLOSURE SHEET (Public)<\/p>\n

Product: Kanz Personal Shariah Financing<\/p>\n<\/div>\n

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Date: 10.12.2020<\/p>\n<\/div>\n<\/div>\n

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Please read this Product Disclosure Sheet and the Terms and Conditions before you apply for Kanz Personal Shariah Financing. Kindly seek clarification from our Kanz Personal Shariah Financing team should you not understand any part of this document or the general terms.<\/p>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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1. What is the Kanz Personal Shariah Financing product(s) about?<\/p>\n

Kanz Personal Shariah Financing consist of two (2) products which are essentially the same i.e. shariah compliant financing solutions catered for Malaysian government employees, but differ in terms of amounts to be financed. Both products will be named and branded with variations of the word Kanz (Treasure in Arabic). The digital product will be named Kanz Raqami (which means digital in Arabic). Kanz Raqami is a fintech product where the applicant will need to use an app (iOS or Android) in order to submit and secure the application. The second product will be offered to applicants under the name of Kanz Al-Ilham. Kanz Al-Ilham will be marketed through a network of appointed agents under the lead of an appointed agent named Direct Dollar Sdn Bhd.<\/p>\n

Both are unsecured personal financing products based on a flat rate calculation. The annual profit rate of these products ranges from 6.99% to 13.99%. The monthly instalments for these products shall be collected via Biro Perkhidmatan Angkasa\u2019s(Angkasa) Salary Deduction System.<\/p>\n

Both products can be used for items of personal financing, umrah packages. medical care etc. However, they cannot be used for the conduct of non-halal activities.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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2. What is the Shariah concept applied?<\/p>\n

The concept applied is Tawarruq (sale and purchase commodity transaction or asset based deferred payment by way of Murabahah where the cost of an asset is added to the profit margin.).<\/p>\n

Total Sale Price is calculated on the formula of Total Amount Financed (purchased by) + Total Profit Payable<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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3. What do you get from our Kanz Personal Shariah Financing product?<\/p>\n<\/div>\n<\/div>\n

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Illustration*<\/p>\n

Total Amount Financed (Purchase Price)<\/p>\n

Total Sale Price Total Profit Rate<\/p>\n

Profit rate Tenure<\/p>\n<\/div>\n

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: RM 24,000<\/p>\n

: RM 38,400 : RM14,400<\/p>\n

: 12% p.a. at agreed intervals : 5 years<\/p>\n

What are your obligations?<\/p>\n

Illustration*<\/p>\n

Monthly Instalment : RM 640 The total amount to pay including the amount financed : RM 38,400<\/p>\n

* The terms of the financing, including profit rate, sale price, purchase price, tenure and\/or instalment may change depending on our evaluation of your credit. The changes will be communicated to you once you have submitted the full application via an Offer Letter.<\/p>\n

** The final disbursement amount will be net of charges.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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4.<\/p>\n<\/div>\n

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What are the fees and charges to be paid?
There are 2 types of fees ie Fixed and Variable (depending on the financing amount).<\/p>\n

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  • \uf0fc \u00a0Registration Fees (Fixed)
    [inclusive of Tawarruq Platform Charges (for the Sale & Purchase of Commodities) eKYC]<\/li>\n
  • \uf0fc \u00a0Monthly instalment deduction service charge (Variable)<\/li>\n
  • \uf0fc \u00a0Stamp Duty (Variable)<\/li>\n
  • \uf0fc \u00a0Takaful* (Variable)<\/li>\n
  • \uf0fc \u00a0Processing (Variable)* Customer is required to participate in a Group Takaful insurance for all Kanz Personal Shariah Financing products.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
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5. What if you pay more than the monthly instalment?<\/p>\n

Any payments made, which is more than the monthly instalment payable will be treated as an Advance Payment and will be applied towards the payment obligations upon maturity. Such payments do not in any way reduce the Total Profit Payable and are not re-drawable.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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6.<\/p>\n<\/div>\n

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Are you allowed to do an early settlement?
Yes, you are allowed to do early settlement. Below is set out the explanation of possible scenarios.<\/p>\n

If the Total Sale Price is settled in full before its maturity, Xanderia Services Sdn Bhd will grant Ibra\u2019 (rebate) on the unpaid installment to the Customer. However, if the settlement is performed within the first half of the tenure of the facility, such rebate will be reduced by an Early Settlement Fee (if any) which consists of:<\/p>\n

(a) an amount based on the higher of (i) 2.5% of the outstanding balance at the early settlement date; or (ii) RM 150 (whichever is higher); and<\/p>\n

(b) any out-of-pocket expenses incurred and to be incurred in respect to the Facility. It shall be payable by you at the same time that the redemption or settlement sums are paid.<\/p>\n

Settlement before the end of the financing tenure includes (but not limited to) the following situations:<\/p>\n

(a) Early settlement or early redemption, including when arising from prepayments; and (b) Full settlement through restructuring of the financing.<\/p>\n

If the amount is settled in full before its maturity, the Customer is entitled to a refund of the unutilized portion of the Takaful contribution. However, the request for the refund must be made in writing to Xanderia Services Sdn Bhd.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n

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7. What happens in case of early settlement of the financing?<\/p>\n

For early settlement, Ibra\u2019 (rebate) will be granted to the Customer. Nevertheless, if the settlement is performed within the first half of the tenure of the financing, the rebate will be reduced by the Early Settlement Fee.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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8. What if you fail to fulfil your obligations?
Compensation charges (Ta\u2019widh): 1.0% p.a. (of the overdue installment payment) Illustration*<\/p>\n<\/div>\n<\/div>\n

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\uf0b7 \uf0b7<\/p>\n<\/div>\n

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Legal action will be taken if you fail to respond to reminder notices on non-payment(s).
Any record of legal action against you could affect your credit rating. This, in turn, can lead to higher rates being levied on you or even a denial of credit altogether.<\/p>\n<\/div>\n<\/div>\n

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Instalment
Due Date of Instalment
Actual Payment Date
No. of Days Overdue Compensation Charges (Ta\u2019widh)<\/p>\n<\/div>\n

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: RM 1,000
: 30th of every month
: 20th of the subsequent month
: 20 days
: RM 1,000 x 20 days \/ 365 days x 1.0%<\/p>\n

= RM 0.55<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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9. Do you need a guarantor?<\/p>\n

No guarantor or collateral required. However, Xanderia Services Sdn Bhd. will require your financing application to be verified\/confirmed by your superior(s)\/head(s) of department within your organization. Such verification will be performed by Xanderia Services Sdn Bhd.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n

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10. Where to get further information?<\/p>\n

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  • \uf0b7 \u00a0Call us at 1 300 88 9945 (office hours)<\/li>\n
  • \uf0b7 \u00a0Visit us at our office address at 17-1, Menara Q Sentral, No. 2A, Jalan Stesen Sentral 2, KualaLumpur Sentral, 50470 Kuala Lumpur; or<\/li>\n
  • \uf0b7 \u00a0Send us an e-mail at info@xanderia.com<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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