If you have Standing Instructions relating to payments to a third party beneficiary, these will be processed on the date scheduled, as you originally requested. If the payment is unsuccessful, you will receive an SMS and secure message stating that the payment has failed.
The NAVs published on the MeDirect website for a mutual fund is hence backward looking, and does not act as an indication of the NAV for the following trading day.
Trading in mutual funds is always done on a ‘Forward Pricing’ methodology. Mutual funds transacted during the trading day will receive the end of day NAV as their transaction price. Mutual funds transacted after the market’s close will receive the next day’s forward price. With forward pricing, a mutual fund transaction cannot take place at a previous NAV. It's price can only be based on a value determined after receipt of an order.
Maximum Loan Amount of the
Acquisition of Primary Residence
Up to 90%*
Acquisition of Second Property
Up to 75%*
MeDirect is constantly striving to improve its offering. So, stay tuned for more features.
|1||0 - 0.49%|
|2||0.5 - 1.99%|
|3||2 - 4.99%|
|4||5 - 9.99%|
|5||10 - 14.99%|
|6||15 - 24.99%|