How Credit Card Minimum Payments And Interest Are Calculated
- By CompareHero.my
- March 1, 2021
A credit card gives you the convenience to purchase things without having to carry cash. However, it also requires you to spend responsibly as you should clear your credit card bills in full, and on time – in order to avoid interest charges and late payment fees.
So as a credit cardholder, it’s important to pay off the amount listed under “Outstanding Balance” in your monthly e-statement, which will be emailed at the end of your billing cycle. (You can also access your statement via online banking.) Also known as “Current Balance” or “Total Balance Due” by different banks, this is the total amount that you owe.
Besides “Outstanding Balance” and the list of transactions you’ve made with your card, your statement features a smaller figure under “Minimum Payment Due”, which is the very least you need to repay monthly.
Related: What’s The Right Credit Card for You? A Guide According To Your Life Stages
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How to calculate your credit card minimum payment
There are two factors that play a key role in determining your credit card minimum payment: your outstanding balance and the interest charge.
Banks generally use this formula to calculate the minimum monthly payment for your credit card: 5% of your outstanding balance or a minimum of RM50 (whichever is higher).
This example will give you a clearer understanding of how much you’ll have to pay for your credit card minimum payment:
| Credit card transactions for February 2021 | Sum |
| Jaya Grocer, Mutiara Tropicana (this is the amount you spent on groceries last month). | RM550 |
| IT Mart, Kelana Jaya (you’ve just bought a laptop for work-from-home purposes). | RM2,300 |
| Uniqlo, 3 Damansara (that outfit would make an awesome birthday present for your bestie, so you couldn’t resist). | RM150 |
| Outstanding balance | RM3,000 |
So the minimum payment you’ll have to pay for this month would be: 5% x RM3,000 = RM150.
You can choose to pay only your credit card’s minimum payment but there will be negative consequences to your finances…
You can choose to pay only your credit card’s minimum payment but there will be negative consequences to your finances – such as having to service more debt because you’ll be charged interest.
Related: Ultimate Guide On Using Credit Cards Responsibly
If I only make the minimum payment, will I get charged interest?
Yes, credit card interest is charged to your remaining outstanding balance when you don’t pay your bill in full each month. As most credit cards issued by banks charge an interest rate of 15-18% per annum, you’ll end up taking a longer time and using more money to settle your bill.
Let’s say you have an outstanding balance of RM3,000 for your credit card, which has an interest rate of 15% per annum. What’s more, you can only afford to pay RM150 a month instead of settling your bill in full. According to the online credit card calculator on Calculator.com.my (a Malaysian platform that also provides online calculators for home loans and car loans), this the amount you’ll be paying in the following months:
Total principal paid: RM3,000
Total interest paid: RM473.84
Monthly payment: RM150/month
Months to pay off: 24 months
Thus you’ll be paying an additional RM473.84 in total interest over the 24 months it’ll take for you to pay off your credit card bill.
Imagine the amount of nasi bungkus, Netflix subscriptions and electricity bills that RM473 can be used for. You could have also deposited the funds into your savings. There’s so much you can do with the money saved from having to pay credit card interest charges, so you should always repay your bills in full.
What happens if I can’t even pay the minimum amount?
1. Increased interest rate
When you can’t settle the minimum payment for your credit card, the banks can increase your interest rate. Based on Bank Negara’s credit card interest rate structure, cardholders who pay their bills on time are rewarded with a lower interest rate, while people who miss their credit card payments will be charged a higher interest rate.
Bank Negara’s tiered interest rate for credit cards
Tier 1: Maximum of 15% per annum (for those who promptly settle their minimum payment due for 12 consecutive months).
Tier 2: Maximum of 17% per annum (for those who promptly settle their minimum payment due for at least 10 months in a 12-month cycle).
Tier 3: Maximum of 18% per annum (for cardholders who do not fall within the above categories).
2. Late payment fees
If you’re unable to even make the minimum payment before your payment due date, banks will usually impose a late payment charge of RM10 or 1% of your total outstanding balance (whichever is higher). If you continue to miss your payments, this late payment fee, along with the interest charges, will cause your credit card debt to balloon.
3. Bad credit score
Your track record of missed payments will appear on your credit reports, which are generated by credit reporting agencies. When these agencies calculate your credit score, a three-digit number that represents your creditworthiness and how likely you are to repay debt, you’ll most likely get a lower score. This in turn will affect your chances of getting any future bank loans and credit card applications approved, as banks are less willing to take a risk on you.
A poor credit score can affect your chances of getting any future bank loans and credit card applications approved, as banks are less willing to take a risk on you.
Related: How Credit Cards Can Affect Your Credit Score
I can’t manage my credit card debt. What should I do?
1. Apply for a balance transfer credit card
A balance transfer lets you transfer the outstanding balance on your existing credit card to a new card – thus saving on the interest charged for repayments.
Let’s say you have two credit cards and your total debt is now RM20,000. As you can’t afford to pay your balance in full, it grows month after month at an interest rate of 15% per annum.
By getting a balance transfer credit card, you can transfer your existing RM20,000 debt to a new credit card and avoid paying interest. What you’ll pay instead, is a 0% interest 12-month instalment payment of RM1,667 to your new bank. After 12 months, you’ll be able to finally finish paying your RM20,000 bill.
You can apply for a suitable balance transfer credit card that helps you get out of debt here.
2. Get a debt consolidation loan
If you have been struggling to pay off your credit card debt or bank loan, you can apply for a debt consolidation loan with banks.
Established with the purpose to help borrowers get out of debt, a debt consolidation loan enables you to combine all your debts into one loan at a single interest rate.
For example, you have three credit cards with an interest rate of 15%, and each card has an outstanding of RM5,000. With a debt consolidation loan, you can simplify all these by combining your debts into one. Besides being much easier to manage, you can also save money in the long run if your previous debts have higher interest rates.
Interested in finding out more? You can compare Malaysia’s best debt consolidation loans in 2021 and calculate which one would suit your repayment ability here.
3. Contact AKPK for free financial advice
When it comes to managing debt, you’re not alone. You can always contact Agensi Kaunseling dan Pengurusan Kredit (AKPK) or the Credit Counselling and Debt Management Agency for help. This organisation can help rebuild your credit and offer financial counselling for free.
Under AKPK’s Debt Management Programme (DMP), its counsellors will work with you to develop a personalised debt repayment plan. They are also able to negotiate with banks to get a restructured repayment plan which is more affordable for the borrower.
You can find out more about the DMP here, or if you’re ready to apply for this programme, please complete the online application form.
We hope you found this article useful and interesting! Share your feedback with us on our Facebook, Instagram and Twitter pages.
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Apa Anda Perlu Tahu Tentang Insurans Takaful
- By CompareHero.my
Ingin tawaran terbaik untuk perlindungan insurans? Kami bandingkan ciri-ciri insurans Takaful dan konvensional untuk bantu anda menilai pelan insurans dan luaskan pilihan insurans anda.
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Apa itu Takaful?
Takaful ialah satu pelan insurans yang memiliki ciri patuh Shariah. Ini bermaksud di bawah Takaful, terdapat banyak produk patuh Shariah yang lain seperti Takaful perubatan, Takaful kenderaan, dan banyak lagi. Istilah Takaful juga merujuk kepada konsep insurans Islamik yang berasaskan kerjasama bersama, dimana segala risiko dan dana dikongsi bersama. Bantuan kewangan juga disediakan dibawah Takaful yang dikenali sebagai Tabarru’ (sedekah) dengan dana yang disumbang oleh individu dibawah perlindungan Takaful.
Syarikat Takaful pertama di Malaysia ditubuhkan pada tahun 1985 selepas penggubalan Akta Takaful 1984. Persatuan Takaful Malaysia (Malaysian Takaful Association MTA) ialah badan yang bertanggungjawab untuk menjadi rujukan untuk semua perkara berkaitan Takaful di Malaysia. Selain itu, industri Takaful di Malaysia turut dikawal selia oleh Akta Perkhidmatan Kewangan Islam 2013.
Ciri-ciri Takaful:
- Perkongsian risiko – risiko tidak hanya ditanggung oleh syarikat insurans sepertimana insurans konvensional, tetapi turut ditanggung oleh semua pihak dibawah Takaful tersebut.
- Polisi ‘no claim cashback’ – jika anda tidak membuat sebarang tuntutan dalam tempoh perlindungan tersebut, anda akan terima rebat tunai dari syarikat Takaful anda. Jumlah rebat tersebut ditentukan oleh syarikat Takaful dan tiada jumlah tetap.
- Patuh Shariah – perlu mematuhi undang-undang Shariah dan tidak terlibat dalam sebarang transaksi haram.
Jenis-jenis perlindungan dibawah Takaful
Produk takaful dikategorikan kepada 2, produk Takaful keluarga dan produk Takaful am.
Produk dibawah Takaful keluarga:
- Takaful Keluarga: menawarkan perlindungan dan simpanan jangka panjang untuk individu dan keluarga.
- Takaful berkaitan Pelaburan: Takaful keluarga yang menggabungkan pelaburan patuh Shariah dengan pelindungan Takaful.
- Takaful Perubatan dan Kesihatan: perlindungan untuk tanggungan kos rawatan dan kemasukan ke wad di hospital swasta.
- Takaful Pendidikan Anak: menyediakan perlindungan kewangan untuk anak anda sekiranya anda ditimpa malapetaka seperti kemalangan, kecacatan kekal, atau kematian. Pada masa yang sama, pelan Takaful ini juga bertindak sebagai simpanan jangka panjang untuk menampung pengajian anak anda.
Produk dibawah Takaful am:
- Takaful Kenderaan: Takaful pihak ketiga yang melindungi anda dari kerugian dan kerosakan keatas kenderaan pihak ketiga yang disebabkan oleh kemalangan, kecurian, ataupun kebakaran. Takaful ini turut melindungi pemegang dari kerugian dan kerosakan keatas harta, kecederaan dan juga kematian. Pelan Takaful kenderaan yang menyeluruh akan melindungi pemegang dan juga pihak ketiga (contohnya penumpang) dari kerugian dan kecederaan akibat kemalangan, kecurian atau kebakaran.
- Takaful Rumah: terdiri dari 2 jenis iaitu Takaful Rumah (Houseowner) dan Takaful Isi Rumah (Householder). Takaful rumah melindungi struktur rumah pemegang dari kerosakan dan kerugian disebabkan oleh banjir, kebakaran, atau bencana lain. Takaful isi rumah (Householder) pula melindungi isi rumah, seperti perabot, barangan rumah, peralatan elektrik, dan lain-lain dari kerosakan dan kerugian.
- Takaful Kemalangan Diri: melindungi anda dan keluarga dengan menyediakan pampasan sekiranya berlaku kematian, kecederaan, atau kecacatan yang disebabkan dari kemalangan.
Takaful vs Insurans Konvensional
| Takaful | Insurans Konvensional |
| Berdasarkan konsep kerjasama | Berdasarkan faktor komersial sahaja |
| Tertakluk kepada undang-undang Shariah dan undang-undang kerajaan | Tertakluk kepada akta & undang-undang yang diwartakan kerajaan sahaja |
| Wang pemegang takaful hanya boleh dilaburkan dalam pelaburan patuh Shariah sahaja | Premium yang disumbang pemegang insurans boleh dilabur dalam semua bentuk pelaburan, tidak semestinya patuh Shariah |
| Bebas dari Riba’, unsur Gharar (ragu-ragu), dan Masyir (perjudian) | Mungkin mengandungi unsur Riba’, Gharar (ragu-ragu), dan Masyir (perjudian) |
| Berdasarkan konsep perkongsian risiko. Risiko dikongsi bersama oleh semua pihak dibawah perlindungan Takaful tersebut yang telah dipersetujui bersama. | Risiko ditanggung sepenuhnya oleh syarikat insurans selepas bayaran dibuat oleh pemegang insurans. |
Salah faham terhadap Takaful
Takaful Hanya untuk Muslim
Takaful terbuka untuk semua, dan individu bukan Muslim juga boleh medapatkan perlindungan Takaful atau menjadi ejen Takaful. Kurang tahap kesedaran dan salah faham mungkin sebab mengapa ramai berfikiran Takaful hanya untuk golongan Muslim, padahal perlindungan Takaful luas dan tanpa sepadan. Jadi, masyarakat perlu tahu terdapat banyak pelan insurans yang boleh dimohon selain pelan konvensional.
Prinsip asas takaful berbeza dengan insurans konvensional
Takaful dan insurans konvensional berkongsi prinsip asas dan objektif yang sama. Kedua-duanya melindungi individu dan badan korporat dari kerugian dan bahaya. Terdapat objektif sama iaitu untuk meringankan beban kewangan yang tercetus dari bencana dan kemalangan.
Apa anda perlu tahu
Sebelum anda menandatangani perjanjian Takaful, pastikan anda selidik dahulu sama ada ejen anda berdaftar dibawah MTA untuk mengelakkan kes penipuan oleh mereka yang menyamar sebagai ejen Takaful. Untuk pengetahuan anda, semua ejen dan syarikat yang menawarkan perkhidmatan Takaful perlu berdaftar dengan MTA sebelum boleh mengiklan dan menjual produk Takaful mereka. Semua ejen Takaful yang berdaftar juga akan diberi kad pengesahan. Anda boleh menyemak status pendaftaran ejen Takaful dengan MTA melalui enjin carian ejen di laman web MTA. Anda juga boleh menyemak senarai penuh syarikat Takaful berlesen di Malaysia di laman web Bank Negara Malaysia.
Anda sedang mencari kad kredit patuh Shariah yang juga menawarkan perlindungan Takaful? Bandingkan kad kredit Islamik di secara percuma CompareHero.my dan dapatkan kad kredit terbaik untuk anda sekarang!
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Should You Pay Off Your Loans Early? Here Are The Pros And Cons
- By CompareHero.my
- February 26, 2021
The idea of being debt-free early in life is tempting because nobody wants to be tangled in debt in the long run, especially for high-interest debt.
Maybe you have a stash of extra cash that you can use or you just got a nice bump to your salary—should you pay off your loans early, as appealing as it sounds?
Before you decide to pay off your loans ahead of schedule, do a lot of research and list the pros and cons to ensure that it’s a decision that you won’t regret. After all, there are definite benefits, but there are also several potential drawbacks too.
Disclosure: we won’t dive into a specific type of loan because all loans are forms of debt.
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The pros – the benefits of paying off your loan early
If you had a mortgage, an auto loan, a student loan and a personal loan, which would you prioritise paying down first?
1. Save on interest
Everyone knows that the longer your loan, the longer the interest you will pay over time. Always remember that when you make a monthly payment on a loan, you are paying the amount you borrowed and the interest and fees for the loan.
For example, let’s say you take out an RM50,000 loan with a 10-year repayment term and a 2.5% interest rate, you will end up paying a total instalment of RM62,500. Compare that to paying the same loan plan (2.5% interest) but for five years: RM 56,250. You can save RM6,250 if you pay off your loan five years earlier. We did this calculation based on this calculator by CIMB.
This could be the main, and possibly, the biggest benefit of paying off your loan early is that you can save up on money in the long-term because you no longer pay the interest over time.
However, in some cases, your loan interest could be precomputed, which means your interest is calculated upfront at the beginning of the loan and, so the amount of interest you pay is considered fixed. In this regard, it may not matter if you are paying off your loan early because you are still responsible for the full interest on the loan.
Related: Balance Transfers Vs Debt Consolidation Loan: Which Is Better In Helping You Clear Your Debt?
2. Improves your credit profile
Not all debt is bad for you—a mortgage, for example, gives you the opportunity to own an asset which is crucial in building your wealth.
One crucial way to improve your credit score is to get out of debt—fast. One of the reasons borrowers have poor scores is because they default on their debts.
So paying off your loan faster could help you maintain a healthy credit score which then affects your credit report. Need more tips on how to manage your money and get out of debt? It doesn’t harm to check our money tips section. If you need professional help, you can get free financial help and advice from AKPK.
Paying off your loan early also eliminates any risk of missing payments late or missed payments, which again, affects your credit profile.
Lenders and banks will refer to your debt service ratio before approving a loan. Having a paid-off loan may lower your debt-to-income ratio, a crucial metric used by the authority to make credit decisions. You could potentially qualify for better terms if you, for example, paid off your auto loan before you apply for a mortgage loan.
2. Gain peace of mind by being debt-free
As much as people need to carry some debt to experience social mobility and have a developed credit score, holding onto debt can be physically and mentally exhausting. Many people live paycheck after paycheck just to clear off their debt.
Everyone manages debt differently, some can handle it better while others struggle. If having a pool of debt makes you feel anxious, it won’t be a bad idea to pay those loans off in full if you can. Paying off debt early can help you achieve both financial and mental freedom.
And unfortunately, not being able to pay off your debt as agreed comes with severe consequences. Creditors have certain legal rights that they can exercise on you if you don’t pay your debt accordingly. If you default on a loan backed by collateral, you could risk losing that property or your car.
Related: 4 Reasons When And How A Personal Loan Would Make Sense To You
3. Free up funds for other expenses
Getting your monthly paycheck is nice until you use it to pay off expenses and all your debt. Now imagine not needing to put aside RM500 monthly on your car, for instance. Feels good, isn’t it?
Paying off your loan early gives you access to extra money each month, and you could use some or all of that cash to pay down other debt, build up an emergency fund if you haven’t already, build up your savings or invest.
Though paying off your loans early can strengthen your financial foundation, there are some downsides to it too.
Related: How to Get Your Loan Approved: 8 Factors Banks Look At When Lending You Money
Cons – the drawbacks of paying off your loan early
Where did all the money go? If you use up all your savings to pay off your loan, you may not have additional money when you really need it.
1. Less money in your pocket
Putting all your eggs in one basket (or in this case, loan)—may backfire if there’s an emergency that requires a large amount of money.
Paying off your loan early means you are pumping a large sum of money such as RM10,000 into a mortgage or auto loan, but the real question then is, where is that money coming from?
Make sure the money that you are using is not coming out of your emergency fund because that cash should only be used for emergencies. Play your cards right and make sure you keep at least three months worth of income on hand in cash to help cover any potential emergencies.
On top of that, it doesn’t make sense to pay off your loan early if you have already paid off most of the loan interest because, by the time you reach the end of your lending period, your interest payments are much lower. You could be paying as little over RM200 in interest per month by the time you reach your third year—and this decline will only continue. At this stage of the game, you are borrowing money interest-free so it’s better to hold onto your cash.
2. Build additional funds for other goals
When you pay off your debt early, you are actually paying an opportunity cost. In other words, you are losing something as a result of gaining something else.
Being debt-free is a great relief but it also means you lose out on the opportunity of using the additional funds for other financial needs or endeavours such as putting them up in your retirement fund, paying a down payment on a house, making investments or funding college for your kids. As much as we all want to be debt-free, you shouldn’t do it at the expense of larger goals, especially those that affect others in your life such as your kids.
For example, you are giving up on gains from investing in the stock market or through other platforms such as robo-advisors or unit trusts. If you have already started saving up for a down payment, you may need to start saving again and building additional funds to achieve other goals in life.
Related: Personal Financing: Good or Bad?
Some loans have prepayment penalties within their terms and conditions. Always go through the T&C before signing up for a loan!
3. Prepayment penalties
Some loans may impose penalties and fees on borrowers who attempt to pay down their loans before the given loan tenure. How can you avoid this penalty? Just ask your bank or lender to see if they have such policies on early or extra repayment.
We recommend that you always read loan terms carefully and check for language that explicitly states the loan doesn’t carry prepayment penalties.
4. Not enough funds for other debt
Before you park a large chunk of your savings into your mortgage, for example, you should also consider other loans or debt you may have like credit cards, auto loans, student loans, and personal loans.
If you are looking to pay off your mortgage, check the higher annual percentage rate (APR) of your other loans and do a quick comparison.
P.S.: the APR of a loan is the total amount of interest you pay each year (before compounding of interest), and is represented as a percentage of the loan balance.
If your other debts have higher APRs than your mortgage, it may be better to pay down those balances first to save money in interest.
All things considered – don’t overthink it
Having a secure monthly budget and safety net is a must. Always weigh the pros and cons before making any decision.
If you are looking to apply for a personal loan, it won’t harm to check out the personal loans offered on our website.
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5 Perkara Penting Tentang Caruman PERKESO di Malaysia
- By CompareHero.my
Anda mungkin sudah tahu mengenai PERKESO. Tetapi, tahukah anda jenis perlindungan yang ditawarkan oleh PERKESO? Teruskan membaca untuk ketahui lebih lanjut tentang fungsi PERKESO, serta mengapa ia pentingan untuk anda.
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Apa itu PERKESO?
Jika anda teliti slip gaji setiap bulan, anda pasti akan terlihat bahawa sebahagian dari gaji kasar anda telah diperuntukkan untuk potongan PERKESO. Sama seperti potongan KWSP, majikan anda juga wajib untuk membuat peruntukan PERKESO untuk pihak anda.
Pertubuhan Kebajikan Sosial merupakan sebuah agensi kerajaan yang ditubuhkan untuk mentadbir dan melaksanakan skim keselamatan sosial dibawah Akta Keselamatan Sosial Pekerja 1969. Selain daripada itu, pertubuhan ini juga menyediakan perlindungan keselamatan sosial kepada pekerja dan tanggungan mereka.
Ia merupakan satu kesalahan jika majikan tidak membuat potongan PERKESO untuk pekerja mereka. Untuk semak samada majikan anda melaksanakan tanggungjawab tersebut, sila rujuk laman web eSemak, atau di cawangan PERKESO.
Kadar caruman PERKESO akan bergantung kepada jumlah gaji anda. Anda boleh rujuk disini untuk ketahui berapa potongan yang perlu dibuat oleh pekerja dan majikan.
Apakah faedah caruman PERKESO?
Terdapat dua skim dibawah PERKESO, iaitu Skim Bencana Pekerjaan dan Skim Keilatan. Skim Bencana Pekerjaan ialah untuk kecederaan sementara yang menyebabkan pekerja tidak dapat bekerja untuk tempoh kurang dari 4 hari. Rawatan akan diberikan sehingga pekerja pulih sepenuhnya.
Antara faedah dibawah Skim Bencana Pekerjaan ialah:
- Faedah Perubatan
- Faedah Hilang Upaya Sementara
- Faedah Hilang Upaya Kekal
- Elaun Layanan Sentiasa
- Faedah Orang Tanggungan
- Kemudahan Pemulihan Jasmani atau Vokasional
- Program ‘Return To Work’
- Faedah Pengurusan Mayat
- Faedah Pendidikan
Untuk Skim Keilatan, ia ditafsirkan sebagai “suatu keuzuran yang berkekalan samada tidak boleh diubati atau tidak mungkin diubati, dan kehilangan sekurang-kurangnya satu pertiga (1/3) daripada keupayaan berbanding pada individu normal, menyebabkan pekerja tidak boleh bekerja dan kehilangan sumber pendapatan.”
Faedah yang tersenarai dibawah Skim Keilatan ialah:
- Pencen Ilat
- Bantuan Ilat
- Elaun Layanan Sentiasa
- Pencen Penakat
- Faedah Pengurusan Mayat
- Kemudahan Pemulihan Jasmani atau Vokasional dan Dialisis
- Program ‘Return To Work’
- Faedah Pendidikan
Selain faedah dari 2 Skim diatas, PERKESO juga menawarkan Program Pemeriksaan Kesihatan (HSP) secara percuma untuk ahli berusia 40 tahun dan keatas. Pemeriksaan kesihatan ini meliputi pemeriksaan penyakit kardiovaskular, diabetes, kanser serviks, dan kanser payu dara. Pemeriksaan percuma ini hanya ditawarkan di klinik-klinik panel terpilih sahaja.
Sehingga Februari 2016, hanya 450,000 orang dari 2.1 juta ahli PERKESO yang layak telah menjalani pemeriksaan percuma tersebut. Jadi, jika anda layak, jangan ketinggalan untuk menjalani pemeriksaan tersebut.
Mengapa PERKESO sangat penting?
Antara sebab utama PERKESO amat penting ialah perlindungan yang ditawarkannya boleh dikira menyeluruh, ditambah dengan sumbangan yang diberikan apabila anda terlibat dalam bencana di tempat kerja. Ini bermakna rawatan, dan juga rawatan susulan untuk kecederaan di tempat kerja bakal ditanggung PERKESO.
Sebagai contoh, jika pekerja ditimpa kecederaan kekal ataupun memerlukan rawatan fizikal, kos rawatan tersebut bakal ditanggung PERKESO. Ini termasuklah fisioterapi, pembedahan, anggota palsu, dan juga alatan prostetik seperti kerusi roda atau alat bantuan pendengaran.
Malah, kecederaan yang berlaku di waktu rehat (yang telah ditetapkan oleh majikan) juga akan ditanggung oleh PERKESO.
Bagaimana anda boleh membuat tuntutan PERKESO?
Sekiranya anda ditimpa kemalangan di tempat kerja, ataupun dalam perjalanan pergi atau pulang dari tempat kerja, anda boleh menuntut kos rawatan dari PERKESO. Jika kemalangan tersebut berlaku di tempat kerja, majikan perlu memaklumkan hal tersebut kepada PERKESO dengan mengisi borang Laporan Kemalangan (Borang 21) dan Borang Tuntutan (Borang 10).
Anda juga perlu menghantar tag kehadiran, ataupun rekod kehadiran kerja, sijil perubatan, dan salinan kad pengenalan ke pejabat cawangan PERKESO. Jika kemalangan tersebut berlaku sewaktu anda pergi atau pulang dari tempat kerja, laporan polis dan lakaran peta lokasi kejadian sewaktu kemalangan berlaku juga perlu dihantar.
Maklumat tambahan mengenai PERKESO
Jika gaji pekerjaan pertama anda bawah RM4,000, caruman PERKESO adalah wajib. Tetapi, katakanlah anda menerima gaji lebih dari RM4,000 untuk pekerjaan pertama anda, anda boleh memilih untuk mencarum ke PERKESO ataupun tidak.
Tetapi, jika gaji pekerjaan pertama anda bawah RM4,000, dan anda menerima kenaikan sehingga jumlah gaji anda melebihi RM4,000, anda tidak dibenarkan untuk berhenti caruman PERKESO.
Pekerja dengan kontrak sementara ataupun sambilan juga perlu didaftarkan dengan PERKESO sekiranya gaji mereka bawah RM4,000. Seperti yang dinyatakan diatas, ia satu kesalahan jika majikan tidak membuat caruman PERKESO, tidak kira apa jua status kontrak pekerjaan ataupun umur pekerja tersebut.
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Apa Itu Kemudahan Overdraf Bank?
- By CompareHero.my
Contents
Anda ingin tahu apa itu kemudahan overdraf (overdraft facility), dan bagaimana untuk menggunakan kemudahan ini? Ketahui lebih lanjut dalam artikel ini dan lihat jika kemudahan ini sesuai untuk keperluan kewangan anda.
Kemudahan overdraf ialah sejenis pinjaman dibawah kategori demand loan (pinjaman dimana peminjam perlu bersedia untuk membuat bayaran balik pada bila-bila masa) yang ditawarkan oleh bank. Kemudahan ini membolehkan peminjam mengeluarkan wang lebih dari jumlah yang terdapat dalam akaun mereka, berdasarkan had kredit yang ditentukan oleh bank. Kemudahan ini juga dikenali sebagai kemudahan aliran tunai (cash line facility).
Jumlah had kredit yang ditentukan bank akan bergantung kepada cagaran yang anda tawarkan. Contohnya, jika anda cagarkan hartanah berjumlah RM 500,000, overdraf yang anda bakal terima ialah RM 250,000, iaitu 50% dari apa yang anda cagarkan. Namun,pengiraan jumlah sebenar overdraf bergantung kepada bank yang menawarkan kemudahan tersebut.
Anda boleh gunakan apa sahaja aset sebagai cagaran. Bergantung kepada pihak bank, cagaran asset boleh dari unit amanah, saham, bon, hartanah, dan juga deposit tetap. Antara bank yang menawarkan kemudahan overdraf di Malaysia ialah:
- Maybank Cash Line Facility (Overdraft)
- HSBC Personal Overdraft
- CIMB Credit Line Secured Overdraft
Jika anda ingin memohon kemudahan overdraf dari bank diatas, anda perlu membuka akaun di bank tersebut terlebih dahulu. Jika akaun bank yang anda miliki tidak menawarkan kemudahan overdraf, hubungi bank tersebut untuk mengetahui bagaimana anda boleh memohon kemudahan tersebut.
Adakah kemudahan overdraf Islamik ditawarkan di Malaysia?
Ya, selain dari kemudahan overdraf konvensional, kemudahan overdraf Islamik juga ditawarkan untuk golongan Muslim dan pihak yang memilih untuk menggunakan servis perbankan Islam. Kemudahan overdraf Islamik menggunakan prinsip Murabahah (jualan pada harga dan margin keuntungan yang diketahui kedua-dua pihak penjual dan pembeli), Bai’ Bithaman Ajil (jualan harga tertangguh), atau Bai’ Al Inah (jualan belian semula).
Antara contoh kemudahan overdraf Islamik yang terdapat di Malaysia ialah Maybank Murabahah OD.
Kelebihan overdraf
Fleksibiliti
Overdraf memberikan anda kebebasan untuk menentukan bila dan bagaimana anda akan membuat bayaran balik, kerana tiada jadual bayaran balik yang perlu anda patuhi. Jadi, anda boleh tentukan pembayaran bergantung kepada kebolehan anda untuk membayar semula.
Bayaran faedah hanya untuk apa yang anda belanjakan
Anda hanya akan dikenakan caj kadar faedah hanya untuk jumlah overdraf yang anda gunakan dari akaun overdraf tersebut, dan bukan untuk jumlah keseluruhan overdraf yang diberikan oleh bank.
Baca juga: Cara Pengiraan Kadar Faedah Rata Dan Baki Berkurangan Pinjaman Bank
Kelemahan overdraf
Kadar faedah yang lebih tinggi
Walaupun kemudahan overdraf menawarkan fleksibiliti dari segi pembayaran semula, kadar faedah yang dikenakan adalah lebih tinggi. Kadar faedah biasanya dicaj secara harian, berdasarkan jumlah overdraf yang telah anda gunakan. Pengiraan untuk overdraf akan berdasarkan kepada Kadar Asas (Base Rate, BR) bank terebut. Jadi, kadar faedah sebenar yang akan dicaj keatas overdraf anda ialah BR + kadar faedah. Untuk mengetahui kadar BR setiap bank, rujuk senarai ini.
Formula pengiraan untuk caj kadar faedah overdraf ialah seperti berikut:
Berdasarkan formula diatas:
Jumlah overdraf yang digunakan: RM 20,000
Bilangan hari: 31 hari ketika Januari 2017
Kadar faedah: BR (kita angggarkan 4%) + 1.35% setahun
Jadi, faedah yang dikenakan untuk Januari 2017 ialah = RM 90. 88
Yuran komitmen
Yuran komitmen merupakan caj yang dikenakan oleh pihak bank untuk jumlah overdraf yang tidak digunakan. Yuran ini akan dicaj ke baki overdraf yang anda tidak gunakan. Sebagai contoh, anda memiliki overdraf dengan had RM300,000, tetapi anda hanya gunakan RM 250,000 sahaja. Jadi, kadar faedah akan dikira keatas RM 250,000, manakala yuran komitmen 1% setahun akan dicaj untuk baki RM50,000 yang tidak digunakan.
Memerlukan disiplin yang tinggi
Walaupun fleksibiliti kemudahan overdraf merupakan satu kelebihan yang menguntungkan, ia juga boleh menjadi kekurangan kemudahan ini. Jika anda tidak berdisiplin yang tinggi untuk membuat bayaran semula, overdraf boleh menjadi satu bebanan kewangan jangka panjang kepada anda. Anda juga boleh berhadapan dengan risiko kehilangan aset yang anda telah cagarkan, ditambah dengan dikenakan kadar faedah yang tinggi.
Tidak stabil
Bank boleh membatalkan kemudahan overdraf anda pada bila-bila masa sahaja. Jadi, pastikan anda tidak terlalu bergantung dengannya. Selain itu, bank juga berhak untuk menukar had overdraf anda. Dengan ketidakstabilan ini, anda sepatutnya berfikir dua kali untuk memohon overdraf dan cuba alternatif lain yang ada terlebih dahulu.
Patutkah anda menggunakan kemudahan overdraf?
Secara ideal, overdraf boleh menjadi pilihan untuk pebiayaan jangka masa pendek, dan dalam situasi kecemasan. Jangan gunakan kemudahan overdraf untuk menampung perbelanjaan harian anda! Ingat, kemudahan overdraf sebenarnya juga merupakan sejenis pinjaman, dan bukannya ‘wang tambahan’ dalam akaun anda. Seperti kemudahan kewangan yang lain, ia boleh membantu anda jika anda gunakannya dengan bijak, tetapi akan menjadi beban jika sebaliknya, oleh itu berhati-hati apabila menggunakan kemudahan ini.
Lihat juga: Cara Mengira Kadar Faedah Rata dan Baki Berkurangan
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