Former Prime Minister Najib has questioned the interest rate of up to 36% charged by Touch ‘n Go eWallet’s GOPinjam electronic personal loan.
Former Prime Minister Najib posted on Facebook asking the Ministry of Finance to monitor the GOPinjam e-loan service launched by Touch ‘n Go eWallet. Najib pointed out that this electronic personal loan service charged up to 36% interest, the borrower caused a serious burden.
Touch ‘n Go eWallet has announced the launch of the GOPinjam electronic personal loan service, allowing people to apply for personal loans of up to RM10,000, the entire application process can only be completed through Touch ‘n Go eWallet. Any individual with a monthly income of more than RM800 can apply.
GOPinjam will charge an interest rate of 8% to 36%. Many netizens are blasting GOPinjam as a legal loan shark loan shark, and many people are worried that this loan service will cause many people to carry more debt. The netizens also teased Finance Minister Tunku Zaflu Banker to take care of bankers (Banker jaga Banker), regardless of the people’s lives.
In fact, the interest rate of GOPinjam will be adjusted according to the amount of the loan and the term of the loan, such as the user applies for a loan of RM2,400 and choose to repay 12 months, you need to pay RM233 per month, which is equivalent to about 16.5% interest.
