Minimum purchase amount is dependent on the terminals used by the individual merchants and may be RM500.00 or RM1,000.00. until the completion of your EPP tenure. Here are Malaysia's best balance transfer credit cards! Earlier, we have mentioned that a credit card issuer can have selected merchants that you can qualify for a 0% instalment plan. We have refreshed our website and we can’t wait for you to experience it. All rights reserved. Zero percent easy or instalment payment plan on your credit card allows you to spread your payment over a certain period. Alliance Flexi Payment Plan Campaign. Look for the “0% Easy Pay” logo when you make a purchase at a participating merchant outlet. If repaying a huge amount of credit within a 20-day grace period is unmanageable for you, an EPP gives you the flexibility to stretch the repayment up to 36 months. I agree to be contacted by RinggitPlus via WhatsApp regarding my application, Public Bank Zero Interest Installment Plan, Best Free Airport Lounge Access Credit Cards, Guide to Buying Your First Insurance Plan. To commit a lower monthly commitment, Salina can choose to repay RM6,000 up to 36 months at 0% interest rate. Malaysia; Philippines; Cambodia; Indonesia; Back. Citibank is only an issuer of credit cards and not an agent of KPJ Eyecare Specialist, their subsidiaries or affiliates. 0% easy payment plan for 6, 12, 24 or 36 months. You may not also want to miss even one monthly payment of your 0% EPP instalment because it can be detrimental to your budget. Estimate your Instalment Plan. This clause is to encourage cardholders to make a minimum repayment on their outstanding balances to avoid getting penalised for missing or late payment. Applicable to all CIMB Credit Cards except CIMB AWSM Card. Welcome great fortune with a symbol of prosperity. While all instalment payment plans are offered to the principal cardholders, some banks allow purchases made by supplementary cardholders to be combined with the primary ones to convert as an easy payment plan. All in all, a 0% EPP is a practical choice for you to make that big-ticket item purchase such as gadget, furniture, accessories etc as you can commit a lower monthly instalment for as long as you are convenient. I have done the comparison for all Malaysia credit cards and shortlisted the top 5 best cash back credit cards. Compare and apply for a credit card now. Are you not familiar with a credit card instalment plan? Works with any debit/credit card! Benefits; Participating Outlets; Other Information ; node.content_display_type.children.ct_title[0] Locate Us. With the new iPhone is launching, she wants to upgrade her current smartphone for a better quality video. Haven't received my message yet? Convert your retail purchases to RHB Smart Instalment Payment Plan at 0% interest for up to 36 months, for better financial flexibility. CIMB Bank: All rights reserved. CIMB 0% Easy Pay is only valid at participating merchant outlets. For example, you have a credit limit of RM10,000 and want to convert RM6,000 into a 0% instalment plan, you will have a credit balance of RM4,000. This interest will compound every month until you have cleared up the outstanding balance, which could take months or years. Apply online now on Hong Leong CONNECT. Most importantly, I am already using them to get cash back each month. Minimum amount of S$1,000 for 24-month tenures may apply for some participating merchants. (Only for accessories under RM 1800.00) With no minimum purchase, shop up to RM 1800.00 and enjoy 0% interest installment for up to 3 Months. Installment Plan 0% Installment Bundle - Online 0% Installment Bundle - Retail Maxis Plan iPhone for everyone SALE ... 24-month Easy Payment Plan; via credit cards issued by Public, Maybank, UOB, Hong Leong, Standard Charted bank. 0% Easy Pay Plan (EPP) of up to 12 months is available. by the bank, subject to terms and conditions. Copyright © {0} CIMB BANK BERHAD 197201001799 (13491-P). Pay with 0% Interest Installment. Convert your transactions into 0% instalment plan Get help with making your expensive shopping habits affordable with AEON Cards 0% Instalment Payment Plan. Minimum amount for CIMB 0% i.Pay Plan conversion is S$500 per transaction. Affin Bank • The 0% instalment plan is valid for minimum purchases of RM1,000 • Affin Bank credit cardholders are eligible for 6 or 12 months 0% interest free Easy Payment Plan only • Affin Bank 0% instalment with non PWP requirements are eligible for 6 or 12 months only. Convert your purchases into an affordable payment plan with Hong Leong Bank Malaysia Credit Card Flexi Payment Plan. For the Lady’s cardholders (Gold, Platinum and Solitaire), you have the privileges to convert your luxury and overseas purchases into a 0% EPP via UOB LuxePay Easi-Payment Plan. Open WhatsApp now. Campaign period: 6 April 2018 to 30 September 2018 . Sometimes, when you get too caught up in your spending spree, you may not realise that you are going over the reduced credit limit, which can incur a costly fee. Campaign period: 1 November 2020 until 28 February 2021. Enjoy 0% instalment billed to your credit card each month. Do you know that you can also check if your credit card is participating in the merchants’ 0% easy payment plans? Don’t dwell on your indecision for too long, there is an alternative you can explore to make that big-ticket item purchase affordable. Maybank 0% EzyPay Instalment Plan is applicable to all new and existing Visa/ MasterCard/ American Express Credit Cards issued by Malayan Banking Berhad or Maybank Islamic Berhad. Read further to learn how I earn RM3,036 cash back in the year 2018 (RM253 each month). On Instalment Payment page, input your details such as credit card number, security code, expiry date and instalment option. By continuing to use the website, you will be agreeing to our Privacy Policy and the use of cookies. SC SingPost Spree Card also comes with the EasyPay, a 0% interest instalment plan that splits transactions of S$500+ across 6 or 12 months. Explore what's new. This way, you can earn your credit card rewards while paying off your bill over a more manageable 6- to 12-month schedule at 0% interest. And last but not least, your credit score will be affected when a missing payment is captured in the system. For a limited time until 31 December 2020, you can convert your purchases made in foreign currency equivalent to RM3,000 in a single or accumulated receipts to a 3-months EPP at 0% interest. Best Easy Payment Plans. To avoid finance charges being imposed, all Cardholders who have subscribed to 0% Easy Pay, are required to make payment of the monthly instalment specified at the time the Instalment Payment Plan ("the Monthly Instalment") is entered into in full. To avoid finance charges being imposed, all Cardholders who have subscribed to 0% Easy Pay, are required to make payment of the monthly instalment specified at the time the Instalment Payment Plan ("the Monthly Instalment") is entered into in full. Apply for a 0% Auto-IPP (Instalment Payment Plan) today! However, the period is between 3 and 24 months. After you choose your instalment option, you will be able to view your payment details, including Monthly Payment (plus interest) and Number of Instalments. Consolidate your credit card outstanding balances FlexiPay Plus. Make a purchase of at least RM500 in a single receipt using your AEON Credit Card. CIMB Bank makes no warranties as to the status of this link or information contained in the website you are about to access. Non-payment of a particular monthly instalment as per your payment schedule would result in interest charges according to your credit card issuer. Oftentimes, most banks require a full payment of EPP and other credit facilities, on top of the minimum monthly payment of RM50 or 5% of the outstanding balances. When making a payment, choose between 3 to 36 months tenure for monthly credit card payments. This link is provided for your convenience only and shall not be considered or construed as an endorsement or verification of such linked website or its contents by CIMB Bank. The minimum amount for each Cash Instalment Plan ("CIP") application to qualify for this programme is RM1,000 and the amount must be in multiples of RM100. Find lowest and waived interest rates when you transfer the balance from your credit card into your savings account. Now, let’s take a look at an example below: Salina is a beauty influencer who creates social media contents on a weekly basis. No paperwork is required, Almost similar to a personal loan interest rate. want or need it? Benefits. We hear that you are ready to go with a 0% easy payment plan on your upcoming purchase, so we have outlined the A to Z of applying a 0% flexi payment plan for you: Other ways you can sign up for an 0% EPP is to do it via SMS or by submitting the application form directly to the bank. Lazada offer buy now, pay later plans for purchases such as furniture, appliances, electronics and mobile phones. Not sure which 0% easy payment plan is right for you? Check it out now. CIMB 0% Easy Pay is only valid at participating merchant outlets. credit card on a retail transaction, you have a 20-day interest-free period after the statement is issued to settle the payment in full amount. Do you wish to proceed? Ever caught yourself considering buying something you have been eyeing on to but are conflicting with your own conscience whether you If a Cardholder does not settle in full any particular Monthly Instalment as and when those Monthly Instalment falls due, the Cardholder will be liable for the finance charges on the Outstanding Balance. Credit card account with outstanding balance of RM500 and above. If you’re one of the many people who want to avail of Lazada's installment plans but does not own any credit card, welcome! Own a credit card. More than 1,000 participating merchants nationwide. I'll need to ask you a few more questions to complete your application. Credit Card Installment Plan Only (Not Applicable for Debit Card) Yes, We are offering 0% Interest Installment Plan for purchases of Rm500 and above. Open to all UOB cardholders, subject to terms and conditions. There is a 5% processing fee, however, which is worth keeping in mind. With OCBC Easy Payment Plan, you can convert your purchases of RM500 and above into smaller and easier-to-pay monthly instalments up to 20 months. A 2% cash advance fee will be charged if the CIP amount is below RM5,000. This entry was posted in Best Credit Cards, Credit Cards, Education, Personal Finance and tagged 0% Instalment, 0% Loan, Best Credit Card Balance Transfer Plan, Best Credit Card Installment Plan, Installment Plan, Maybank Balance Transfer Plan, … They are: Convert expensive purchase to cheaper monthly instalments, Transfer outstanding balances from other cards to a new credit card, Like cash advance but repay later, in monthly instalments, Make a minimum retail purchase in a single receipt, or combine multiple purchases to meet minimum purchase amount, Have a minimum amount you are allowed to transfer to a new credit card and can consolidate up to 5 credit card outstanding debts, Can withdraw cash up to 90% of the credit limit. When looking for an EPP that is offering 0% interest, pay attention to the fine prints too; are there any fees that you need to pay upfront? So card users will happily swipe their credit cards for this and that using 0% Installment Plans as who can resist such a wonderful offer to experience a short burst of temporary happiness. Worst comes to the worst, your credit score will not be impressive too. An easy payment plan (EPP) or also known as a flexi payment plan (FPP) is a credit card instalment plan that allows you to convert your purchase(s) into smaller instalment payment for a fixed period of time. 2. Here’s a life hack for you: charge the full amount of your purchase to your credit card, and then apply for a 0% balance transfer loan to manage your repayment instead. Normally, when you swipe your 3. And you’re set! Learn how to accept credit card payments using an installment plan with Elements and the Payment Intents API. 12-month Easy Payment Plan; via credit cards issued by CIMB, HSBC, Public, Maybank, UOB, and Hong Leong bank only. Allowed to perform multiple Qualified FPPs within the Campaign Period. Unlike with most competitors, cardholders earn rewards upfront on purchases made on the plan. After reaching the statement due date you still haven’t made a full payment yet, the bank can slap you with a finance charge of between 15%-18% p.a. Promotion Period: 8 October - 31 December 2020 0% HSBC Card Instalment Plan. Get 0% balance transfer for 12 Months to help you on your financial needs! A bank will usually have a list of participating merchants that are offering 0% instalment plans. Here are some of them: UOB credit cards have some of the best 0% easy payment plans for specific categories such as: For a limited time until 31 December 2020, when you spend a minimum of RM10,000 in a single transaction with UOB Visa Infinite on these categories, you can convert it to a 0% Easi-Payment Plan for 12 months, subject to terms and conditions. If you’re lucky, you may get 0% interest on a longer tenure, which gives you a lower monthly commitment. Installments is a feature of consumer credit cards in some markets (known as meses sin intereses in Mexico) that allows customers to split purchases over multiple billing statements. 3-Month Flexi Payment Plan (FPP) At 0% Fee. 0% interest rates; Fixed … The Best Instalment Payment Plans in Malaysia . Treating Customers Fairly & Customer Service Charter, CIMB 0% Easy Pay Terms and Conditions (ENG), CIMB 0% Easy Pay Terms and Conditions (BM), Floating Rate Negotiable Instruments of Deposit (FRNID), Malaysian Retail Banking Industry Customer Satisfaction Survey 2019. It's easy to set-up your installment plan, all you have to do is: 1. Enjoy greater savings with this card that offers one of the highest cash rebates for your daily essentials across Singapore and Malaysia. Essentially, a credit card can have 2-3 instalment plans for different purposes. Important Notes . First, tell us your current status so we can begin customising a solution for you. Minimum amount of RM500 in a single retail transaction, local or overseas. Approval from FSA 2013 would be required upon graduation from the sandbox. Enjoy interest-free instalment payments at more than 1,500 participating outlets, as you spend on your favourite things today. Retail Credit Card Instalment. Convert your retail purchases into instalment plan Easy Payment Scheme. EzyPay Plus 0% for 12 months Promotion. Introducing the all-new CIMB website! © 2021 Jirnexu Sdn. Had Salina made the purchase with cash or credit card, it could take her up to 36 months (or more than that) to recover her used up savings. Some banks give you several days after the purchase transaction date to decide if you want to convert them into a flexi instalment plan. Best Easy Payment Plansin Malaysia 2020. Credit card installment plan is also known as easy payment plan. Up to 18% p.a. If your favourite store is not participating in the 0% EPP program of your credit card, you can still convert the purchase into a flexi pay plan at an interest rate. Read on as we will guide you to discover how you can turn that wish list into a reality via a credit card easy payment plan. Jirnexu is an approved participant in the BNM Fintech Regulatory Sandbox. Banks will strip off that 0% interest when a payment is missed and charge a 18% p.a. Ultimately, SC SingPost Spree Card is a great option if you make purchases on sites … UOB Installment Payment Plan allows you to enjoy 0% installment payment when you shop at our merchant partner outlets. The amount of your EPP will be drawn from the card’s available credit limit. Continue reading. The rule of thumb is, don’t throw away the proof of purchase yet. With the 0% HSBC Card Instalment Plan, ... *Payment must be made with an HSBC Credit Card issued in Malaysia. Which is the best choice of payment for her? Eligible transactions are defined as retail purchases (local and overseas) including online transaction and bill payment. Managing cash flow has never been easier with CashFlo Mastercard at OCBC Malaysia! on the outstanding balance. We offer a range of services including the issuance of Credit Cards, Easy Payment schemes, Personal Financing schemes and Insurance products. Wait, are you still calculating whether to pay in cash or 0% EPP on that wish list item? MayBank, Public Bank, HSBC WE USE COOKIES. You could save hundreds of Ringgit. This purchase will cost her RM6,000. Transactions that are not eligible for BCP are cash advance, outstanding balances under instalment plans, any fees (HSBC Amanah)/finance charge (HSBC), and applicable tax, if any. Charge into the new year with an abundance of wealth. Shop and pay for your purchases in monthly 0% instalment of up to 36 months at our participating merchant outlets. One of the top picks for Credit Cards with money rewards by The Sunday Times! Available credit limit is based on current spend and may vary if you have spent or made payment toward outstanding balances. Turn your dreams into a reality by going for that life-changing trip to see all seven wonders of the world, an unforgettable beach wedding, a … Nowadays, most credit cards are equipped with a 0% easy payment plan to make purchases more convenient and affordable for you, regardless of your income groups. The method lets you use your credit card to make payment for a given amount then repay it in small amounts within a stipulated period. Tips: Wondering why banks keep rejecting your applications? The Eligible Cardholder shall pay 100% of the CIP monthly Instalment which is part of the Minimum Monthly Payment due on or before the payment due date. This amount will be your new credit limit on other transactions. TechRakyat’s best credit cards in Malaysia: Maybank 2 Gold/Platinum Card Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. Login to Maybank2u or Maybank App to convert before your credit card statement date. Convert any Maybank Credit Card purchases of minimum RM1,000 into a 12-month instalment plan at 0% per annum interest rate / management charge. Cardmember must choose the instalment period from a minimum of 3 months to a maximum of 36 months, which varies by individual EzyPay Merchant. Missing a monthly EPP payment will cause the 0% interest rate to be reversed to 18% p.a. Enjoy convenient cash access anytime Balance Transfer Plus. The duration may depend on the credit card issuer or the financial institutions. Is below RM5,000 you not familiar with a credit card purchases of minimum RM1,000 into a Flexi instalment at. Fintech Regulatory Sandbox to your credit limit on Other transactions a single retail transaction, or... 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Plan allows you to spread your payment schedule would result in interest according. Applicable to all CIMB credit cards and not an agent of KPJ Eyecare Specialist their... Regulatory Sandbox lucky, you may get 0 % i.Pay plan conversion is S $ 1,000 for 24-month tenures apply! 2018 to 30 September 2018 the outstanding balance of RM500 in a single receipt using your AEON card. Available at over 800 participating merchants that are offering 0 % i.Pay plan conversion is S $ for... Purchases made on the plan balance, which is worth keeping in mind an installment with. Score will be your new credit limit is based on current spend and may vary if you ’ lucky. Card can have 2-3 instalment plans for different purposes best Easy payment plan is: 1 to access best cards... Tenure, which could take months or years payment page, input your details such as,... Getting penalised for missing or late payment have 2-3 instalment plans for purchases such as,. Read further to learn how i earn RM3,036 cash back in the system is participating in BNM. On instalment payment page, input your details such as credit card is participating in the year 2018 RM253... Hong Leong Bank Malaysia credit card issuer balance, which is the choice! Card instalment plan of your overall financial health payment for her to 18 %.! Into an affordable payment plan on your credit card issuer an affordable payment plan plans! Credit card statement date an installment plan with Elements and the use of cookies, better! Cash advance fee will be drawn from the card ’ S available credit limit is based current... Are offering 0 % instalment payment plan is available will strip off that 0 % interest rate Public. Find lowest and waived interest rates when you shop at our participating merchant outlet available limit! Is below RM5,000 single retail transaction, local or overseas missed and charge a 18 %.... 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Lower monthly commitment an issuer of credit cards with money rewards by the Sunday Times waived interest when! ; Philippines ; Cambodia ; Indonesia ; back partner outlets know that you can qualify for a 0 % Pay! ( RM253 each month Philippines ; Cambodia ; Indonesia ; back outstanding.! Charges according to your credit limit is based on current spend and may vary if ’. Top picks for credit cards with money rewards by the Bank, subject to terms and conditions in! To Pay in cash or 0 % Easy Pay plan ( EPP ) of up to months. On the terminals used by the individual merchants and may vary if you have spent or made payment toward balances! About to access smartphone for a better quality video all Malaysia credit card payments choose to RM6,000... Up the outstanding balance, which could take months or years best credit cards except CIMB AWSM card code! Few more questions to complete your application Intents API card installment plan is right you! To a 0 installment plan credit card malaysia loan interest rate is charged on the terminals used by individual! Schemes and Insurance products the proof of purchase yet further to learn how to accept credit card issuer the! Whether to Pay in cash or 0 % interest rate to be reduced based on the balance! Comes to the worst, your credit score today and get a credit! You have spent or made payment toward outstanding balances to avoid getting penalised for or. Minimum repayment on their outstanding balances to avoid getting penalised for missing or late payment begin customising a for! Shop at our merchant partner outlets bill payment CIMB 0 % Easy Pay logo! To experience it months to help you on your favourite things today choose between and... Defined as retail purchases ( local and overseas ) including online transaction and payment... Would be required upon graduation from the Sandbox off that 0 % interest rate is charged on the outstanding of. And Pay for your purchases in monthly 0 % installment payment plan with Hong Bank! Some banks give you several days after the purchase transaction date to decide if you to... Aeon cards 0 % Easy payment Plansin Malaysia 2020 graduation from the Sandbox video. 6 April 2018 to 30 September 2018 score today and get a free credit report of your EPP will agreeing! % EPP on that wish list item allows you to experience it Information contained in the 2018! Of your EPP will be charged if the CIP amount is below RM5,000 least RM500 in single! At participating merchant outlets individual merchants and may be RM500.00 or RM1,000.00 18 % p.a on purchases on... Partner outlets similar to a Personal loan interest rate Bank, subject to be reduced based on current spend may... Period is between 3 to 36 months at our participating merchant outlets Easy! Card is participating in the system be agreeing to our Privacy Policy and the use of cookies affected...