Friday, April 19, 2019

Nestlé Volunteers Reach Out to Autistic Children

In conjunction with Autism Awareness Month in April, Nestlé Malaysia recently collaborated with the National Autism Society of Malaysia (NASOM) and played host to 50 children for a telematch session, as part of Nestlé’s ‘Reaching Out to Community and Kids’ (ROCKS) Employee Volunteer Programme.
Nestlé volunteer Hannah De Lumen and a student of NASOM enjoying themselves at the experiential learning session.

Apart from engaging with the kids in a fun and interactive manner, the telematch session was organised to provide with children with an experiential learning experience. The eventful morning started out with a warm-up senamrobik session for both the kids and Nestlé volunteers, fondly known as ROCKers. They then moved on to the highlight of the day, the telematch, which saw the children taking part in a variety of fun activities such as musical chairs and ball games.
Volunteers from the National Autistic Society of Malaysia (NASOM) and Nestlé interacting with the kids during the experiential portion of the telematch session. 

Ms Nirmalah Thurai, Executive Director of Group Corporate Affairs, Nestlé Malaysia, said, “As a company which advocates an inclusive and diverse culture, we were pleased to collaborate with NASOM to organise a day of fun for these children and their families. This is one of the ways in which we contribute to our global ambition to help 50 million children across the world lead healthier lives, as the activities organised helped to nurture valuable skills among the children, such as sensory integration, communication and social interaction. This initiative also enabled us to help raise public awareness and increase sensitivity towards supporting the needs of the autistic community.”
Volunteers from Nestlé, fondly known as ROCKers, guide the kids through the experiential session.

Ms Felina Feisol, Chairman of NASOM, added, “It is heartening to see a leading company such as Nestlé Malaysia taking the time and effort to support our cause. The kids had a fantastic time interacting with the Nestlé ROCKers and this activity also supported their personal development, communication skills and confidence. We hope to continue this partnership with Nestlé Malaysia to raise more awareness amongst Malaysians.”
Nestlé ROCKers, representatives from NASOM and the kids pose for a group shot after an eventful morning.

In addition to the telematch session, Nestlé Malaysia contributed RM13,000 worth of items for the NASOM centre for their administrative needs, including laminating machines, white boards and an LCD projector. They also donated products such as MILO, NESTUM and Nestlé breakfast cereals.

About Nestlé Malaysia
Nestlé is the world’s largest food and beverage manufacturer. Headquartered in Switzerland, Nestlé is present in 189 countries around the world, and our 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Our performance is driven by our Nutrition, Health and Wellness strategy present in Malaysia. Since 1912, we have been nourishing Malaysians for over a century through our quality brands and products, whilst maintaining our Halal excellence and integrity. This is in line with our promise of delivering GOOD FOOD, GOOD LIFE to all. To learn more, please visit www.nestle.com.my or our Facebook page at http://www.facebook.com/NestleMalaysia 

Thursday, April 18, 2019

Flexi Loan and Non-Flexi Loan

Flexi Loan and Non-Flexi Loan
Purchasing a property could possibly be one of your biggest financial decisions that you make in your life. There are many properties available for sale, such as properties for sale in Kelana Jaya. Whether it is for own stay or investment purpose, it is still important to look for available loan in the market. However, it gets confusing when you are looking for the loans available. There are many different baking terms that you do not understand, such as Flexi Loan and Non-Flexi Loan. Fret not, this article will guide you through the difference between Flexi Loan and Non-Flexi Loan.

A. Basic Term Loan
The Basic Term Loan is a loan that comes with fixed repayment schedule. Basic Term Loans were the only property loan available back then. Additional payments for the loan was not made easy for borrower as they would need to inform the bank to request for additional payments to be made. Hence, many borrowers have made additional payments for the loans without requesting beforehand, thinking that it would help in reducing principal amount owed. As a result, the amount paid was just sitting in the bank as prepayment and they are not make any profit as deposit, nor were they actually saving on the interest rate for the loan amount.

In addition, additional money that were paid to the term loan accounts were not easily withdrawn out in case of any emergency events. Hence, extra caution was put in whenever the borrowers made additional payments.

The reasons that the banks place such strict rules were because the banks were unwilling to allow the borrowers to reduce the principal amounts as they like due to extra money earned from the interest payments. In addition, the banking systems were not advance as compared to the banking systems today.

B. Semi-Flexi Loan

The Semi-Flexi Loan is an evolution of the Basic Term Loan. The banks in Malaysia have started lowering the hurdle to make additional payments in further reduce the owed principal amount. Furthermore, there is no need to write in to the bank to request for additional payments. Additional payments now do not go as prepayment, but it directly reduces the loan amount.

Moreover, additional money that were paid to the loan account is now possible for withdrawal. However, it incurs some processing time and processing fee of approximately RM50 to RM100, per withdrawal.

Although you cannot withdraw the money anytime as you like, the additional money is still accessible in case of any emergency events. Do bear in mind that different banks will have different procedures in withdrawing the additional money. Some banks might require the borrowers to still write in, whereas some might make it accessible via the Internet Banking Portal.

As of today, all loans offered by major banks in Malaysia are Semi-Flexi Loan by default.

C. Flexi Loan

Many applicants have missed checking out the Flexi Loan service that is available. A Flexi loan is a loan that allows you to place additional money that is withdrawable in the loan account. It is a flexible loan service that allows you to draw out money as you like without any charges incurred. This is done by tying your current account to your loan. The installment amount will then be deducted from your current account on a scheduled monthly basis. Additional money placed in the current account will then go directly into reducing the owed principal amount.

It is recommended to go with a full Flexi Loan if you have the extra money that you could use to make advance payment and reduce the outstanding balance. In addition, your cash balance in your account is excluded from outstanding balance for the interest calculation. This will then give you more flexibility and you will be saving on your interest payable as you will be paying for lesser interest when you opt for a full Flexi Loan.

However, do bear in mind that there are disadvantages that come with a full Flexi Loan. Most banks have a monthly fee charged for maintenance of your current account, normally ranging between RM5 to RM10, per month. In addition, the interest rate for a Flexi Loan is not as good as the interest rate offered by a Basic Term Loan.

In conclusion, although there are benefits that come with a full flexi home loan, it is perfectly fine to opt for a Non-Flexi Loan if you are tight on your cash or you do not have any intention of putting your money into the loan to reduce interest payable. Furthermore, you might also be able to get better interest rate if you opt for a Non-Flexi Loan. Make sure you make a housing loan comparison from different banks before you decide on which loan service to engage with. If not, engage with a banker to seek for professional advises.
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