Effective Profit Rate definition

Effective Profit Rate means the profit rate imposed to the retail transaction and cash withdrawal transactions based on the conditions given referred to in Clause 17.

Examples of Effective Profit Rate in a sentence

RM25,000 will be earmarked in PrimeWin CASA-i account (profit rate: 0.50% p.a.) and RM75,000 will be placed in TD-i account (profit rate: 5.50% p.a.)Effectively, customers will enjoy Effective Profit Rate (EPR) of 4.25% p.a. for both 6 months tenure TD-i and PrimeWin CASA-i which is earmarked for 6 months.

In calculating the amount of Ibra’, the Banks must identify and determine the Ceiling/Contracted Profit Rate (“CPR”) and the Effective Profit Rate (“EPR”) of the financing facility of the respective customer.

The actual profit shall be based on Effective Profit Rate („EPR‟) as per formula below: Actual Profit= EOD Balance X EPR X No. of days365 or 366** 366 to be used during the leap year.

Payment of profit is calculated on a daily basis according to the Effective Profit Rate (EPR) as determined by the Bank from time to time.

BFR + 0.50% p.a. on daily rest.Bank Negara Malaysia (BNM) Rate is 1.50% p.a.The Effective Profit Rate may vary on the movement of BFR/BNM rate, provided always that it shall not exceed the Ceiling Profit Rate.