Bank Islam Personal Cash Line-i

MOHON DISINI !!!

Bank Islam Personal Cash Line-i
A personal loan secured against a Bank Islam Fixed Deposit account, Structured Investment, or Unit Trust. Excellent rate with no fees and fast approval.
Financing up to RM200kUp to 5 years tenureSecured Islamic Financing48 hours approval


Interest Rates
How much the bank charges you based on your loan amount & loan period

Financing Value Financing Period Your Income Profit Rate
RM5000 - RM200000 12 to 60 months min. RM18000 7.85% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 7.85% p.a., depending on financing amount and periodProcessing FeeNo FeeEarly Termination FeeNoneLate Payment Charge1% from current outstanding amount on the outstanding amount of the monthly payment
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM18000Minimum age18 years oldMaximum age65 years oldWho can Apply
Malaysians
Account Holder


Frequently Asked Questions about Bank Islam Personal Cash Line-i
Things you might want to know

Bank Islam Personal Cash Line-i
How much money can I borrow?
Bank Islam's Cash Line-i allows you to borrow between RM5,000 and RM200,000 over period of six months to five years, secured against a Bank Islam Fixed Deposit account, Unit Trust, or Structured Investment.

How is Cash Line-i secured against my Fixed Deposit, Unit Trust or Structured Investment?
Very simply the amount of money that you can borrow is linked to the funds available, deposited, or invested.

Borrow up to 100% of the value of your account if secured against Fixed Deposit.
Borrow up to 80% of the value invested if secured against Structured Investment.
Borrow up to 60% of the value invested if secured against Unit Trust.
In addition, the Fixed Deposit, Structured Investment, or Unit Trust acts as security against your Cash Line-i loan.

How much does this personal loan cost?
Bank Islam charges a one off ‘Wakalah’ agency fee of RM50. That’s it. There are no hidden charges or fees.

You will need to pay Government Stamp Duty on the amount you borrow, which is calculated at 0.50% of the total amount loaned.

What do I need to apply for this personal loan?
There is no requirement to pay make a deposit or advance payment when you apply for Bank Islam Cash Line-i.

In order to process your application you will be asked to provide some supporting documentation:

Salaried Employee
Copy of MyKad (front and back).
Last three month’s bank statements
Latest payment slip
Self-Employed
Copy of MyKad (front and back).
Business Registration Certificate or Operating License.
Last 6 month’s bank statements.
How do I pay the money back?
Loan repayments begin on the first day of the month following the date you received the money you’ve borrowed. Payments need to be made every month until the total amount of the loan is repaid.

Can I pay this Personal Loan off early?
Of course you can. If you find you have extra cash and want to clear your loan before the it is due you can finish before time by paying the full outstanding amount. There are no penalty fees for early repayment.