ASB Financing Monthly Instalment Calculator

Note:

1. This schedule indicates the payment of instalment by customer. The dates and values illustrated above may change according to a number of variables such as promptness of payments, rounding adjustment, progressive financing, prepayments, differing disbursement amount and the daily difference between Effective Profit Rate (EPR) and the Ceiling Profit Rate (CPR).
   
   
2. Rebate (Ibra') will be granted upon early settlement/ settlement before end of financing tenure. Please refer to "Unearned Profit" column for rebated amount before deduction of the early settlement charges (if any), assuming settlement is done on the respective date.
   
   
3. Below are the definitions for your reference:
   
   
   • Payment Date is  the scheduled date each month when your monthly instalment must be paid. In this case, the due date is on the 4th of every month, meaning you are required to make your monthly instalment on or before the 4th to avoid any late payment consequences such as fees or potential impact on your financing status.
     
     
   • Effective Profit Rate (EPR) is the actual profit rate applied to the remaining financed amount each year.
     
     
   • Ceiling Profit Rate (CPR) is the maximum profit rate that the bank can apply during the financing period. 
     
     
   • Instalment (under EPR) is the monthly instalment payment that you need to pay to the Bank based on the approved financing amount, financing period, and effective profit rate. The monthly Instalment (under EPR) covers both Profit Payment and Principal Payment.
     
     • Profit Payment (under EPR) is the monthly profit amount charged by the bank.
     • Principal Payment (under EPR) is the monthly principal payment amount that pays off the original financing amount.
        
   • Instalment (under CPR) is the maximum monthly instalment payment that’s calculated based on the approved financing amount and financing period using the highest profit rate allowed in the financing agreement. 
     
     
   • Outstanding Bank’s Sale Price is the sum of Outstanding Principal and Unearned Profit.
     
     • Outstanding Principal is the remaining financing amount to be paid throughout the financing period.
     • Unearned Profit is the total expected profit to be earned by the Bank calculated based on Ceiling Profit Rate (CPR) throughout the financing period.
     • The Bank will grant rebate (Ibra’) on the Unearned Profit to you if you make early settlement or termination upon an event of default.
        
4. This table serves as an illustration and subject to the Bank’s approval.

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