MYDIN PayFlex

Wakalah Fee (processing fee per transaction):
• RM5 for transactions less than RM100.
• RM10 for transactions RM100 or more.

Profit Rate (Paid monthly):
• Monthly rate of 2.5% applied on the transaction amount.

Late Payment Fees:
• 1% p.a. calculated daily on the outstanding balance. Ensure timely payment to avoid these charges.

Example Calculation:

If you shop at MYDIN for RM100:
• Wakalah fee: RM10 (charged after 30 days).
• Profit rate: RM2.50 per month, totaling RM7.50 over the 3-month repayment period.
• Payment Schedule:
1. 1st month: RM33.33 + RM10 + RM2.50 = RM45.83
2. 2nd month: RM33.33 + RM2.50 = RM35.83
3. 3rd month: RM33.34 + RM2.50 = RM35.84