Public Bank BAE Personal Financing-i

MOHON DISINI !!!

Public Bank BAE Personal Financing-i
An unsecured, flat rate Bai Al-Einah personal financing plan for Government and Public Sector workers.
Financing up to RM150kUp to 10 years tenureUnsecured Islamic FinancingTakaful insurance required


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

Financing Value Financing Period Your Income Profit Rate
RM5000 - RM150000 24 to 120 months min. RM18000 3.99% p.a.
Fees & Charges
There are always fees but how much are they?



Profit Rate / APRAs low as 3.99% p.a., depending on financing amount and periodProcessing FeeRM106.00 Late Payment Charge1% from current outstanding amount Mode of PaymentYou must pay your financing installment by salary deduction.InsuranceYou must take takaful insurance with this financing.
*inclusive of 6% GST

Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM18000Minimum age20 years oldMaximum age58 years oldWho can Apply
Malaysians

Frequently Asked Questions about Public Bank BAE Personal Financing-i
Things you might want to know

How to apply for Public Bank BAE Personal Financing-i
Who is eligible for Public Bank BAE Personal Financing-i?

Only employees of Government and Government Linked Companies may apply for this personal loan product.

How much money can I borrow?

Public Bank’s BAE Personal Financing-i provides personal loans of RM5,000 to RM150,000, with repayment terms between two to ten years.

Applications are credit checked before Public Bank approves a loan amount. To give you an idea of the borrowing limit, in most cases your fixed monthly repayment should be less than 60% of your monthly salary.

How much does this personal loan cost?

Public Bank charges a processing fee of RM100 and Stamp Duty calculated as 0.5% of the total amount borrowed. Further administration charges vary according to the amount that you are borrowing and the type of Security Documents you need to provide.

What do I need to apply for this personal loan?

No deposit, guarantor or collateral is required when making a BAE Personal Financing-i application, this is unsecured personal loan. You will only need to provide a few supporting documents:

Copy of NRIC (front and back).
Latest 3 month’s salary slips or EPF statements.
Letter from Employer confirming position and salary.
How do I get my hands on the money?

Loan approval takes a few business days to process. Once approved your borrowed funds will be transferred to the Public Bank account of your choice.

How do I pay the money back?

Installments must be deducted directly from your monthly salary until the loan is cleared.

Can I pay my Public Bank BAE Personal Financing-i loan off early?

Yes, you can settle your loan at any time. There is no early termination fee.

Is Public Bank BAE Personal Financing-i Syariah compliant?

Yes, this personal finance product is compliant with the Bai Al-Einah Syariah standard.