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R
Rebate
Partial refund of the term charges (interest) calculated according to a formula stipulated in the Hire-Purchase Act 1967, if the hirer made an early settlement. 
Redraw Facility
The flexibility granted to borrowers to withdraw surplus money repaid to banking institutions.
Reference Rate
An interest rate used by banking institutions to price a loan or credit facility. The reference rate is determined based on a formula which reflects the banking institution's cost of funds, administrative cost and business strategies. An example of a reference rate is the base lending rate.
Refinancing
The process of paying off a portion or the entire amount of the existing loan with the intention of obtaining another loan from the same or another banking institution.
Remittance
Mode of forwarding money to someone.
Repayment Mode
Fixed monthly repayment
A scheme that allows borrowers to pay a fixed instalment sum every month until the end of the loan tenure.

Flexi monthly repayment
A scheme that allows borrowers to repay a higher repayment amount than its monthly instalment anytime without the need to seek banking institutions' approval.

Repossess
When the owner of the motor vehicle (i.e. banking institution) takes back possession of the motor vehicle from the hirer.
Repossessor
A person authorised by the owner (i.e. banking institution) to repossess motor vehicles from defaulted hirers on behalf of the banking institution. The repossessor has to be registered with the Association of Hire Purchase Companies Malaysia.
Revolver
Cardholder who keeps paying at least the minimum amount of payment required by the credit card issuer but not fully repaid the total outstanding balance.
Reward Programmes
Loyalty programmes implemented by card issuers to reward their cardholders for subscribing/using their credit cards. The most common type of reward programme is Gift Redemption Reward Programme.
Riba’
The excess paid or received over and above the principal in a loan contract.