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Credit Master Apk

Credit Master 1.1.13 APK

  • Version: 1.1.13
  • File size: 34.30MB
  • Requires: Android 5.0+
  • Package Name: com.credit.master
  • Developer: Credit Master SDN. BHD.
  • Updated Apr 07, 2022
  • Price: Free
  • Rate 4.80 stars – based on 268 reviews
Credit Master Game

Credit Master is a licensed microfinance loan company with excellent reputation. It specialises in offering convenient and fast microfinance loan service for individuals.

Fees & Charges:

Minimum duration of payment: 3 months
Maximum repayment period: 24 months
Max. Annual Percentage Rate (APR) is 0%.
Processing Fee (Includes Legal Fee, Stamp Fee, and Service Fee)
RM300 ~ RM15000 depending on the loan amount

Early Termination Fee: None

Late Payment Interest
Late payment penalty may apply


Calculation of the Loan

Example:
Loan Amount - RM3000.00
Loan Period - 6 Months Installment
Interest Rate - 0%
Processing Fee (Includes Legal Fee, Stamp Fee and Service Fee) - RM30

Total Interest Charge: Loan Amount * Interest rate per month * Loan Period

RM3000 * 0% (Interest per month) * 6 Months = RM0

Total Repayment Amount: Loan Amount + Total Interest Charge
RM3000 + RM0 = RM3000

Monthly Installment Calculation: Total Repayment Amount / Loan Period
RM3000 / 6 Months =RM500

Total Cost of Loan = Processing Fee + Profit Rate Charges
Total Cost of Loan = RM30 + RM0 = RM30

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