Home Credit – No credit card? No problem

Looking to purchase the latest iPhone but not willing to pay off the purchase in one go? We have the solution just for you!

You can now shop on installments, even with no credit card!

We are partnering with a funding company, K&B Global, who is focus on “responsible lending” to customer with little or no credit history. Some customers might have been underserved by traditional banks, K&B Global is here to assist.

Frequently asked questions:
1) What type of loans does K&B Global offer?
They offer consumer loans through in-store financing. If you want to buy an iPhone, they can help finance your purchase which you can repay through easy, monthly installments.

2) How do I apply for the loan?
Applying for the loan is done physically at Switch retail stores in the state of Penang.

3) What items can I buy?
iPhone XR, XS and XS Max only at the moment

4) How much is the loan interest rate?
The loan interest rate is 18% per year or 1.5% per month

5) What is the minimum or maximum loan period?
Minimum 12 months and maximum of 24 months

6) What are the fees I need to pay if I apply for a loan?
To apply, you need to pay RM50 application fees.
Once your loan has been approved, you need to pay processing fees RM200 + Search Fees RM200 + 1st month advance.  Please refer to chart above.
Kindly note that RM50 must be collected before application process starts. It is not allow to deduct from the processing & searches fees. Non refundable.

7) How long does it take to be approved for a loan?
Approval takes 5 to 10 working days

8) What if the item purchased was lost/stolen/defective?
K&B Global is a financial service that provides the fund for purchase of your iPhone. They are NOT liable for the iPhone.
For defective items under warranty, you may coordinate directly with our service centre.
If you have purchased Smart Protection Plan, you are to claim within your 1 year period, if your iPhone is stolen or damage with conditions pertaining to Smart Protection Plan T&C.

9) How can I pay my loan?
You are to get your bank to auto debit your saving account and pay directly to K&B Global.

10) When can I apply for the loan?
This Home Credit facility will start accepting applications from 17th December 2018 onwards.

11) Do I need to provide my payslips?
Yes, you need to be a working adult with payslips and EPF contributions

12) What are the steps to apply?
Step 1: Shop at Switch Gurney Plaza, Gurney Paragon Mall, Queensbay Mall, Sunway Carnival Mall or AEON Bukit Mertajam
Step 2: Pay RM50 Application fees
Step 3: Wait for the loan officer to contact you
Step 4: Submit documents and sign agreement
Step 5: Pay the fees & 1st month instalment (as per chart) and collect your iPhone

Terms and conditions as per K&B Global agreement

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