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PRODUCT DISCLOSURE SHEET (Read this Product Disclosure Sheet before you decide to take out the May bank Islamic Personal Financing. Be sure to also read the terms in the letter of offer. Seek clarification
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How to fill out a product disclosure statement:

01
Begin by carefully reading the entire product disclosure statement (PDS). Pay attention to any sections that are marked as important or contain information that you should consider before making a decision.
02
Familiarize yourself with the terminology used in the PDS. It's important to understand the terms and definitions to accurately comprehend the information provided.
03
Look for the key features, benefits, and risks associated with the product being disclosed. Make note of any features that align with your needs or requirements.
04
Pay close attention to any fees, charges, or commissions mentioned in the PDS. This information will help you determine the potential cost associated with the product.
05
Consider the product's suitability for your specific circumstances. Evaluate whether it aligns with your financial goals, risk tolerance, and investment horizon.
06
Take note of any limitations, exclusions, or restrictions mentioned in the PDS. These details may impact your ability to take advantage of certain features or benefits.
07
If you have any questions or need further clarification, reach out to the provider or seek independent financial advice. It's crucial to fully understand the product and its implications before making a decision.

Who needs to read this product disclosure?

01
Investors: Individuals who are considering investing in a particular financial product should read the product disclosure statement to fully understand its features, risks, and terms before making an investment decision.
02
Consumers: People who are interested in purchasing or acquiring a specific financial product, such as insurance policies, credit contracts, or investment schemes, should read the product disclosure statement to make an informed choice.
03
Professionals: Financial advisors, brokers, and professionals working in the finance industry should thoroughly read product disclosure statements to ensure they are providing accurate and up-to-date advice to their clients.
In summary, anyone who is interested in a financial product, whether it's an investor, consumer, or professional, should carefully read and understand the product disclosure statement to make an informed decision that aligns with their needs and circumstances.
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A product disclosure statement is a document provided to consumers when they purchase financial products, outlining the key features, risks, and costs associated with the product.
Financial institutions and companies offering financial products are required to provide product disclosure statements to consumers.
Product disclosure statements are typically filled out by the financial institution or company creating the document, ensuring all relevant information is included.
The purpose of a product disclosure statement is to provide consumers with important information about a financial product before they make a purchase decision.
Product disclosure statements must include information about the features, risks, fees, and terms and conditions of the financial product.
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