Find answers to commonly asked questions about our personal financing services, application process, eligibility requirements, and repayment terms. Our FAQs are designed to help you better understand how our financing solutions work.
The net amount you will receive is the total after all applicable fees and charges are deducted. This will be clearly presented to you before you confirm your application, so you know exactly how much funding you will get.
Once your application is complete and all documents are verified, the approval process typically takes up to 48 hours. Funds will be transferred directly to your bank account via electronic transfer once the agreement is finalized.
No collateral or guarantor is needed for this financing product. Approval is based solely on your eligibility and application.
Please get in touch with the marketing representative who is currently managing your application. They will assist you with any updates or changes to the information you have provided.
No additional documents are required from you. However, your permission is needed for us to access and review your credit report. This information will be used as part of our assessment when determining the suitable financing product for your application.
All applicable charges will be deducted upfront from the approved financing amount. These may include processing fees, broker fees, stamp duty, administrative charges, subscription fees, and Sales and Service Tax (if applicable). Depending on the financing product offered based on your credit profile and repayment history, an extended installment period of up to 3 months may be provided. All related charges will be deducted beforehand, and no legal fees or third-party payments will be required after the financing amount has been disbursed to you.
Akad refers to an agreement between two parties where YYP proposes a personal financing arrangement and the customer agrees to the terms offered. During the Akad process, customers must clearly understand the questions and confirmations provided and supply the required information. The customer’s decision to accept or decline the offer must be clearly stated before the agreement is finalized. All conversations during this process will be recorded.
Your monthly repayment will begin approximately one month after the financing amount has been credited to you. The installment will then be reflected in your salary deduction or payment schedule.