It's not possible to choose the loan amount and period beforehand. Based on your application results, the system will automatically determine which loan terms we can offer you.
The first loan amount varies from RM 300 to RM 3,000 with a repayment period of 1 to 2 months depending on your application results. After you pay off your first loan, you can get new loans with higher amounts, going all the way up to RM 10,000, and longer periods from 3 to 6 months, which you can pay in monthly installments.
The specific loan terms you qualify for will be determined by our automated system after reviewing the information you provide in your application. We don't set a fixed loan amount or repayment period upfront - instead, we tailor the offer to best suit your individual needs and financial profile.
Loan Calculation Example:
Ms. Siti applied for a quick online loan from Tambadana. She borrowed RM 5,000 for a period of 3 months (90 days). The total interest accrued on the loan is calculated as follows:
- Interest: RM 5,000 x 90 x 0.05% = RM 225
- Total Repayment Amount: RM 5,000 + RM 225 = RM 5,225
- Monthly Payment: RM 5,225 / 3 = RM 1,741.67
Please note, this is just an example. The exact details will be provided in your loan agreement upon approval.