(Fundora Loan) App SIM

(Fundora Loan) App SIM is an independent, unofficial Android app: a loan simulation app, calculator and complete guide to Fundora personal loans. It covers the arithmetic and vocabulary of a personal loan before anything is signed.

What the app does

The developer describes it in one line, and the app is that line: a loan simulation, a calculator and a complete guide to Fundora personal loans. You supply the figures, the app does the arithmetic, and the guide explains the terms. All figures are estimates for planning purposes only; the developer says to verify the actual terms directly with Fundora.

What it does not do

It is an independent educational app, not an official representative of Fundora and not affiliated, endorsed or related to Fundora, nor to any government body or regulator. It does not offer loans and is not for applying for loans; applications cannot be made through this app. It does not process applications, does not disburse funds, does not check application status and does not access any accounts. There is no account, no login and no personal data. Never type an identity card number, a bank account number, a password or a one-time PIN into any third-party app or website.

Key facts about the programme

• The price of a Malaysian personal loan is not only its interest rate: stamp duty on the loan instrument, a processing or documentation fee, legal costs and any insurance premium attached to the facility all belong in the total.
• Ad valorem stamp duty on a loan instrument is commonly stated as RM5 for every RM1,000, that is 0.5 per cent. Rates and exemptions are revised, so confirm the current position with the authority concerned.
• Charges normally sit in a product disclosure sheet and a fees and charges schedule, not in the advertisement.

Brand names appear descriptively, for a guide about the product. Every figure is an estimate for planning, not a quotation and not an offer of credit. Apply only through the lender's own official channels, and read the consumer information published at https://www.bnm.gov.my. Not financial or legal advice.