MJ Card STAFF LOANS

TYPE LOAN MJ Card Staff Loans
CURRENCYLAK
BY INDUSTRYPersonal Loan
MJ CARD STAFF
LOANS PURPOSE
Free purpose loan excluding business
ELIGIBLE MJ CARD
STAFF LOANS APPLICANT
All Employment Staff at least complete 1 year Service
MAXIMUM APPROVAL
LIMITS FOR MJ
CARD STAFF LOANS

  • Year 1: 20% of Annual Net Salary.

  • Year 2: 25% of Annual Net Salary if the borrower performs good transaction.

  • Year 3: 30% of Annual Net Salary

MINIMUM AND
MAXIMUM LOAN AMOUNT
LAK100,000 – LAK400,000,000
MINIMUM MONTHLY
REPAYMENT AMOUNT
LAK100,000 bases on loan approval limits
MJ CARD STAFF
LOANS TENURE
3 years or 36 months.
INTEREST RATE P.A
(Flat rate)

  • Year 1: 12%p.a of used fund.

  • Year 2: 11%p.a of used fund if the borrower performs good transaction.

  • Year 3: 10%p.a of used fund if the borrower performs good transaction

REPAYMENT METHOD

  1. Interest repayment Monthly basis

  2. Full or some partials or minimum principal repayment at least once a month

  3. Full principal repayment must be completed after 36 months prior to renewal of MJ Card Staff Loans

REPAYMENT
CHANNELS

  1. Corporate/Business Account payroll is high convinced for repayment made through payroll account directly

  2. Or Personnel/Admin/Finance of the Corporate/Business pays salary directly to Borrower account at MJBL monthly

  3. Or Personnel/Admin/Finance of the Corporate/Business pays salary directly to MJBL Nostro Account designated, and provide list of borrower and amount payment to MJBL Operation Dept. to debit and credit into each Borrower account at MJBL

LATE REPAYMENT
PENALTY
1% of total monthly interest installment
COLLATERALUnsecured Loan, but Business Cooperation Agreement base
GUARANTORNo Guarantor, but Business Cooperation Agreement base