CIMB Xpress Cash Financing-i

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CIMB Xpress Cash Financing-i
An Islamic personal loan with 24-hour turnaround fast approval and cash disbursement. Borrow up to a maximum of 10x your salary.
Financing up to RM50kUp to 5 years tenureUnsecured Islamic FinancingTakaful insurance required24 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
RM3000 - RM50000 6 to 60 months min. RM9600 24% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 24% p.a., depending on financing amount and periodLate Payment Charge1% from current outstanding amount InsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM9600Minimum age21 years oldMaximum age60 years oldWho can Apply
Malaysians
Frequently Asked Questions about CIMB Xpress Cash Financing-i
Things you might want to know

How to apply for a CIMB Xpress Cash Financing-i personal loan
How much money can I borrow?

The CIMB Xpress Cash Financing-i personal loan allows you to borrow between RM3,000 and RM50,000 over repayment terms of sixth months to five years. As you apply CIMB will run a credit check using your personal details. In most cases, you will not be allowed to borrow more than 10x your monthly gross salary.

CIMB promises 24 hour approval and cash disbursement when you've completed your application and AKAD.

How much does CIMB Xpress Cash Financing-i cost?

There are no processing fees or hidden charges. You will be required to pay Government Stamp Duty, which is calculated at 0.50% of the total amount you borrow.

You may also be required to take Takaful insurance cover for the period of your loan.

What do I need to apply for this CIMB loan?

As this is an unsecured personal loan you will not need to provide a deposit or down payment. You will need to supply a guarantor if your loan is greater than RM5,000. In order to make an application you may be asked to provide supporting documents:

Salaried Employee

Copy of MyKad (front and back).
Last three month’s payment slip, EPF statement, or letter from your Employer.
Self-Employed

Business Registration Certificate.
Last three month’s bank statements.
Last BE form with income tax receipt.
How do I get my hands on the money?

CIMB promises to turnaround your application within 24 hours. As soon as your loan is approved the money you are borrowing will be transferred into a CIMB bank account.

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.

CIMB states that repayments must be made by automatic Standing Instruction.

Can I pay my CIMB Xpress Financing-i loan off early?

You can end your loan by paying the total amount owing whenever you want to but you will need to give one months notice, in writing, before you make your final payment. There are no penalty fees for early repayment and you should receive an Ibra’ (rebate) on the Interest charged for the total loan should the remaining period be six months or more.

Is the CIMB Xpress loan Syariah compliant?

Yes, the facility is based on CIMB’s Syariah standards.

Is this the most expensive personal loan offered by a bank in Malaysia?

Yes, yes it is.

Alliance Bank Pension Financing-i

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Alliance Bank Pension Financing-i
Save your time frame to get financing approval from Alliance Pension Financing-i. Enjoy complimentary Takaful coverage if you're under 48 years old.
Financing up to RM100kUp to 10 years tenureUnsecured Islamic Financing

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

Financing Value Financing Period Your Income Profit Rate
RM3000 - RM100000 36 to 120 months not required 8.62% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 8.62% p.a., depending on financing amount and periodProcessing FeeNo FeeLate Payment Charge1% from current outstanding amount of the outstanding amount
Requirements
Are you eligible for this personal financing?

Who can Apply
Malaysians
Pensioner
Frequently Asked Questions about Alliance Bank Pension Financing-i
Things you might want to know

A quiet retirement life isn’t for everyone, and the need for extra money may be at the back of your mind. Which is why Alliance Bank Pension Financing-i is an ideal plan if you’re a former government servant on pension in need of extra cash – whether to pay off an existing debt, start your own business or help pay for a grandchild’s education!

Who can apply for Alliance Bank Pension Financing-i?
Alliance Bank Pension Financing-i can fit into any pensioner’s money needs with its flexible borrowing period and low monthly instalments. Retired armed forces personnel under Scheme A pension can also apply.

How much cash can I borrow?
Borrow a minimum amount of RM3,000 or up to RM100,000 with Alliance Bank Pension Financing-i. Then choose between a tenure of 3 – 10 years to repay what you owe.

What are my monthly repayments?
Once your financing has been approved by Alliance Islamic Bank, you’ll be given a repayment schedule based on the amount you borrowed and chosen repayment tenure.

Starting with monthly instalments as low as RM38 each month when you borrow RM3,000, and up to a max of RM100,000.

What do I need to apply for Alliance Bank Pension Financing-i?
This Islamic financing plan for pensioners is an unsecured personal loan, which means you do not need to provide security or a guarantor. Just apply online, fill out the application form and provide your supporting documents to the bank.

Are there any fees I should be aware of?
To get your financing approved you’ll need to pay 0.55% for Stamp Duty charges and handling fees (0.5% and 0.05% respectively) on the total amount that you’re borrowing.

Can I settle what I owe early?
There’s no lock in period, so you always repay in full ahead of schedule to get some rebates (ibra) back. The savings that you get will be calculated for you by Alliance Islamic Bank based on the amount due and payable to the bank.

Is this personal loan Shariah compliant?
This Islamic financing plan meets all Shariah requirements set by Bank Negara Malaysia through the principles of commodity Murabaha, so you can trust that all investments are used for trade in accordance to the principals of your faith.

Bank Islam Personal Cash Line-i

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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.

MBSB Personal Financing-i Private Sector

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MBSB Personal Financing-i Private Sector
Get quick cash financing from MBSB up to RM300000 with fixed profit rate throughout your tenure. What's more, no guarantor is required!
Financing up to RM300kUp to 10 years tenureUnsecured Islamic Financing


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

Financing Value Financing Period Your Income Profit Rate
up to RM300000 24 to 120 months min. RM24000 6.5% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 6.5% p.a., depending on financing amount and periodLate Payment Charge1% from current outstanding amount
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age21 years oldMaximum age60 years oldWho can Apply
Malaysians
Public Listed Company employee
Government-Linked Company employee
Multi-National Corporation employee
Education Sector employee
Professional

Frequently Asked Questions about MBSB Personal Financing-i Private Sector
Things you might want to know

What is the MBSB Personal Financing-i Private Sector?
This is a Syariah compliant personal loan package that allows you to borrow up to a maximum amount of RM300,000. This loan package also comes with complete Takaful coverage to keep you protected from unforeseen circumstances!

Who is eligible for this personal loan?
This personal loan is open for those holding an executive position in Public Listed Companies, Government Linked Companies, Multi-National Corporations, Education Sector Companies, and its subsidiaries. Only Malaysians aged 21 years but not over 60 can apply for the MBSB Personal Financing-i Private Sector.

How do I get my hands on the money?
Financing will usually take a few working days to process. The borrowed money will be credited into your bank account once approved.

How do I pay the back the loan?
Monthly Installment can only be made via over-the-counter payments. You will be given a fixed repayment schedule with your loan agreement. Remember, you can get a fixed profit rate for as low as 5.02%, depending on your tenure.

Can I pay this loan off early?
Yes, of course you can! - you will to first provide one month's notice in writing to MBSB for approval. But, by doing so, you will have to pay an Early Termination Fee.
What documents are needed to apply for this personal loan?
You don’t have to secure the loan to any assets or find a guarantor as security but you will need to give MBSB supporting documents:

Photocopy of MyKad.
Latest 3 month's salary slip.
Confirmation Letter from Employer.
Bank Account Statement.
Any other latest supporting documents if required.

BSN Aflah Prima Personal Financing-i

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BSN Aflah Prima Personal Financing-i
Need help financing your new clinic? This personal loan is especially for medical doctors and medical officers in the government and private sectors
Financing up to RM200kUp 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
RM10000 - RM200000 24 to 120 months min. RM36000 6.5% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 6.5% p.a., depending on financing amount and periodLate 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.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM36000Minimum age21 years oldMaximum age65 years oldWho can Apply
Malaysians
Medical Practitioner

Frequently Asked Questions about BSN Aflah Prima Personal Financing-i
Things you might want to know

Who is eligible for this BSN Aflah Personal Financing-i loan?
This loan is especially for Doctors and Medical Officers in government and private sector who earn a minimum gross income of RM 3000 per month.

How much money can I borrow?
You can borrow from RM10000 to RM200000 with repayment terms from two to ten years.

How much does this personal loan cost?
For this loan, you do not have to pay for any processing fee. You only have to pay for the stamp duty and the Takaful premium. The stamp duty is 0.5% of the loan amount.

What do I need to apply for this BSN loan?
BSN Aflah Personal Financing-i is an unsecure personal loan therefore you do not need a guarantor.

You will need to provide supporting documents with your application

In government
  Copy of MyKad (front and back)
  Confirmation letter from your supervisor or Head of Department
In private practice
  Copy of MyKad (front and back)
  A copy of certificate issued by Malaysian Medical Council
  Authorised business registration
Latest 3 months Bank Statement
How do I get my hands on the money?
BSN may take a few business days to process the documents. If you are qualified, the bank will call you. Once the documents are agreed and signed, the bank will transfer the borrowed funds, after deducting all the fees and charges.

How do I pay back the loan?
You start repaying your loan installment on the date stated in the Bank’s payment schedule which is one month following the date you received the money. Installments must be paid monthly as per the schedule until the loan is fully repaid.

It is compulsory to have a BSN Giro or Giro-i account. You will need to open an account with BSN once your loan is approved. The bank will automatically deduct the loan installment from this account. For government doctors, the bank will deduct from your salary account automatically.

Can I pay off this loan early?
Yes, you may settle the remaining balance on your BSN loan at any time. There is no early termination fee for this loan.

Is BSN Aflah Personal Financing-i Shariah compliant?
Yes, This is compliant with the Bai Al-Inah Shariah standard.

Agrobank Hartani-i

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Agrobank Hartani-i
Want to own and develop agricultural land but lack the funds? Receive up to 100% financing of the land's market value with repayment plans up to 20 years!
Up to 20 years tenureSecured Islamic Financing

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

Financing Value Financing Period Your Income Profit Rate
more than RM5000 up to 240 months min. RM18000 6.1% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 6.1% p.a., depending on financing amount and periodLate Payment Charge1% from current outstanding amount
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM18000Minimum age21 years oldMaximum age60 years oldWho can Apply
Malaysians


Frequently Asked Questions about Agrobank Hartani-i
Things you might want to know

What is Agrobank Hartani-i all about?
This personal financing from Agrobank is specifically designed for those with a fixed income to finance the purchase of land for development purposes based on the Syariah principle of Tawarruq.

Thinking about retirement? Want to build your own house and manage a farm? no problem! You can apply for the Agrobank Hartani-i whether you're buying land directly from the seller or public auction.

Who can apply?
Only Malaysians aged 21 years and above can apply for the Agrobank Hartani-i. Make sure that you have a stable monthly salary of at least RM1,500 if you are a government employee, and RM2,000 for private sector employees.

For those who do not fit the criteria above, you will need to have a stable income and will be able to make prompt monthly repayments - you will be subjected to a credit check before being approved. You can take up a Takaful insurance to secure your borrowing in the event that you default on your repayments.

How much can I borrow with the Agrobank Hartani-i?
If you want to purchase the land for agricultural purposes, you can borrow up to 100% - that's the entire selling price!

How long is the financing tenure?
You can stretch your repayments for up to 240 months or until you reach 60 years old, whichever is sooner.

Do I need guarantor to secure my borrowing with Agrobank?
The land is pledged to Agrobank for the entire financing period, however, additional collateral or guarantor is required if the land value is not sufficient.

It is also required that you pay 1 months instalment in advance at the start as a security deposit - make sure you have enough money saved up beforehand!

Can I settle borrowing earlier?
Of course you can, if fact, it should be encouraged! You will be entitled to a rebate (Ibra) for being able to take reign of your finances.

What documents do I need to apply for this loan?
Below is a list of documents that you will need to make a successful application:

Copy of Identification Card
First and last 3 months' salary slip
Offer letter from employer
Latest bank statement
Original land grant

Bank Islam Personal Financing-i Non-Package

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Bank Islam Personal Financing-i Non-Package
A simple unsecured Islamic Personal loan with low interest rates and no nerve wrecking charges!
Financing up to RM150kUp to 10 years tenureSecured Islamic Financing


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

Financing Value Financing Period Your Income Profit Rate
RM10000 - RM150000 12 to 36 months min. RM42000 6% p.a.
RM10000 - RM150000 48 to 96 months min. RM42000 6.8% p.a.
RM10000 - RM150000 108 to 120 months min. RM42000 7% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 6% p.a. to 7% p.a. , depending on financing amount and periodProcessing FeeNo FeeLate Payment ChargeNoneMode of PaymentYou must pay your financing installment by salary deduction.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM42000Minimum age18 years oldMaximum age60 years oldWho can Apply
Malaysians
Government employee
Government-Linked Company employee
Public Listed Company employee

Frequently Asked Questions about Bank Islam Personal Financing-i Non-Package
Things you might want to know

Who is eligible for this Bank Islam Personal Financing-i product?
Only Government employees, employees of Government Linked Companies and Public Limited Companies employees can apply for this product.

You must earn in excess of RM3,500 per month to apply for this personal loan facility.

How much money can I borrow?
Applicants may borrow between RM10,000 and RM150,000. The repayment terms may be up to ten years (or age of retirement, whichever is earlier). The outcome of a credit check process will define the maximum credit limit for borrowing.

How much does Bank Islam Personal Financing-i package cost?
No processing fees are charged, only a Wakalah (Agency) fee of RM50. Applicants will also be required to pay Government Stamp Duty, which is calculated at 0.5% of the total amount borrowed.

In some cases Bank Islam may request an advance payment amounting to two month’s repayment before the loan is approved.

What do I need to apply for the Bank Islam Personal Financing-i package?
The package is an unsecured personal loan. In most cases applicants will not need to provide a guarantor, deposit or other security. Applicants will be asked to provide supporting documents:

Copy of MyKad (front and back)
Last three month’s payment slips
Latest employer's confirmation letter
And one of the followings:
 EPF statement
Last three month’s bank savings account passbook or current/savings account statement.
Latest income tax form (Form B or Form EA/EC)
How do I get my hands on the money?
The application process should be completed within a few business days. Upon approval the borrowed money will be transferred to the account of the applicant’s choice.

How do I pay the money back?
Loan repayments will be scheduled monthly. Payments must be made by Salary Deduction, Salary Transfer with Auto Fund Transfer, or Standing Instruction.

If payments are not made on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% per annum late payment fee.

Can I pay my Bank Islam Personal Financing-i loan off early?
Yes, the loan may be ended at any time by paying the total outstanding amount. Borrowers will be entitled to an Ibra’ (rebate) which is equivalent to the remaining profit at the time of settlement. No penalty fees are charged for early repayment.

Is this Bank Islam Personal Finance product Syariah compliant?
Yes, the Syariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts.

Bank Islam Floating Rate Personal Financing-i Package

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Bank Islam Floating Rate Personal Financing-i Package
Get your needed cash financing up to RM200000 with Bank Islam that doesn't require guarantor and upfront deposit!
Financing up to RM200kUp 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
RM10000 - RM200000 12 to 36 months min. RM24000 5.7% p.a.
RM10000 - RM200000 48 to 120 months min. RM24000 6.6% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 5.7% p.a. to 6.6% p.a. , depending on financing amount and periodProcessing FeeNo FeeLate Payment Charge1% from current outstanding amount on the outstanding amount of the monthly paymentMode of PaymentYou must pay your financing installment by salary deduction.InsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age18 years oldMaximum age58 years oldWho can Apply
Malaysians
Government employee
Government-Linked Company employee
Public Listed Company employee

Frequently Asked Questions about Bank Islam Floating Rate Personal Financing-i Package
Things you might want to know

Who is eligible for Bank Islam’s Personal Financing-i Package?
Only Government employees, employees of Government Linked Companies and Public Listed Companies employees can apply for this product.

How much money can I borrow?
Applicants may borrow from RM10,000 to a maximum of RM200,000. Repayment terms are up to 10 years (or age of retirement, whichever is earlier). The outcome of a credit check will determine the maximum credit limit for your borrowing.

How much does Bank Islam Personal Financing-i package cost?
There are no processing fees, only a Wakalah (Agency) fee of RM50. Applicants will also be required to pay Government Stamp Duty, which is calculated at 0.5% of the total amount borrowed.

What do I need to apply for the Bank Islam Personal Financing-i package?
The package is an unsecured personal loan so you will not need to provide a guarantor, deposit or other security. To make an application you will be asked to provide supporting documents:

Copy of MyKad (front and back)

Last three month’s payment slips

Last three month’s bank savings account passbook or current/savings account statement

Letter of designation from your Head of Department

EPF statements or latest income statement

How do I get my hands on the money?
The application process may take a few business days to complete. Once your application has been approved the borrowed money will be transferred to the account of your choice.

How do I pay the money back?
Loan repayments will be scheduled monthly as and when you make your loan application. Payments must be made by Salary Deduction, Salary Transfer with Auto Fund Transfer, or Standing Instruction.

If you do not make your payments on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% per annum late payment fee.

Can I pay my Bank Islam Personal Financing-i loan off early?
Yes, you may settle your loan before is due by paying the total amount owing. You will be entitled to an Ibra’ (rebate) which is equivalent to the remaining profit at the time of settlement. No penalty fees are charged for early repayment.

Is this Bank Islam Personal Finance product Syariah compliant?
Yes, the Syariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts.

RHB Pensioner Personal Financing-i

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RHB Pensioner Personal Financing-i
A personal loan exclusively for Malaysian Government Service Pensioners.
Financing up to RM100kUp 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 - RM100000 36 to 120 months min. RM9000 5.25% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 5.25% p.a., depending on financing amount and periodStamp Duty and Handling FeeRM10Late Payment Charge1% from current outstanding amount InsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM750Minimum age40 years oldMaximum age70 years oldWho can Apply
Malaysians
Pensioner

Frequently Asked Questions about RHB Pensioner Personal Financing-i
Things you might want to know


How to apply for RHB Pensioner Personal Financing-i



How much money can I borrow?

Unusually for retiree loans RHB Pensioner Personal Financing-i for Private lets you borrow up to RM100,000 for periods between three and ten years. The maximum amount you can borrow is linked to your monthly income form your state pension.

How much does this personal loan cost?

There are no processing fees for this personal loan. You will need to pay a nominal Stamp Duty fee of RM10 and a brokerage fee of RM50. You must take Takaful insurance cover with this loan, either from RHB or from a third party insurance agent.

What do I need to apply for this personal loan?

There is no requirement to pay a deposit when you apply for this RHB personal loan. You will need to supply some personal documents with your application form:

Copy of MyKad (front and back).
Two copies of Malaysia Government Pensioner Card or Army Pensioner Card.
Pensioner statement (JPA) or Ledger Pensioner (JHEV) and latest bank statement.
How do I get my hands on the money?

RHB takes a few business days to turn around your loan application. Once your loan is approved funds will be disbursed to the account of your choice.

How do I pay the money back?

Your repayment schedule will be detailed in your application approval document. In most cases payments begin the month following the date you receive your loan and continue at monthly intervals until the loan has been completely repaid.

Can I pay my RHB Personal Loan off early?

You can settle your loan whenever you want. There are no penalty fees for early termination of your loan. You may receive an Ibra’ rebate against the uncharged interest on the total loan amount.

Is RHB Personal Financing-i for Private Syariah compliant?

Yes, this loan product conforms to the commodity murabahah and tawarruq Syariah principles.

Bank Rakyat Personal Financing-i for Pensioner

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Bank Rakyat Personal Financing-i for Pensioner
A flat rate secured Islamic personal loan for Senior Citizens.
Financing up to RM100kUp 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 - RM100000 12 to 120 months min. RM9600 4.99% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 4.99% p.a., depending on financing amount and periodProcessing FeeNo FeeLate Payment Charge1% from current outstanding amount InsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM9600Minimum age45 years oldMaximum age65 years oldWho can Apply
Malaysians
Government Pensioner


Frequently Asked Questions about Bank Rakyat Personal Financing-i for Pensioner
Things you might want to know

Who is eligible for Bank Rakyat’s loan for senior citizens?
Only Senior Citizens claiming a pension may apply for this loan product.

How much money can I borrow?
There are 4 ways you can determine you maximum borrowing amount:

Maximum amount of RM100,000
Maximum 15x your monthly gross pension
Maximum instalment up to 30% of your gross monthly pension, excluding home financing
Maximum installment up to 50% of monthly gross pension, with home financing
How much does an Bank Rakyat’s Personal Financing-i Pensioner cost?
This Personal Financing-i product has no processing fees and there are no hidden charges. You must pay Government Stamp Duty, which amounts to 0.50% of the total borrowed and is added to the borrowed amount.

You will also be required to signup for a Takaful insurance package from Bank Rakyat to cover the period of your loan.

What do I need to apply for Personal Financing-i Pensioner from Bank Rakyat?
As this is an unsecured personal loan you will not need to provide a guarantor or down payment with your application. An automatic pension payment of RM800 or more must be made into your Bank Rakyat Savings Account every month.

How do I get my hands on the money?
Bank Rakyat may take a few business days to process an application. Once the loan is approved the borrowed money will be transferred to the account of your choice.

How do I pay the money back?
A loan repayments schedule will be fixed when you make your application. Payments need to be made every month until the total amount of the loan is repaid. Your pensioned will be deducted automatically by Bank Rakyat.

Can I pay my Bank Rakyat personal loan off early?
The Personal Finance-i package may be ended at any time by paying the total amount remaining.

Is the Bank Rakyat Personal Financing-i Pensioner Syariah compliant?
Yes, the product is based on Bank Rakyat’s own Syariah standard.

Bank Islam Personal Financing-i Medical Practitioner

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Bank Islam Personal Financing-i Medical Practitioner
An unsecured Islamic personal loan package for the Medical Profession
Financing up to RM200kUp 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
RM10000 - RM200000 12 to 120 months min. RM24000 4.99% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 4.99% p.a., depending on financing amount and periodProcessing FeeNo FeeLate Payment Charge1% from current outstanding amount on the outstanding amount of the monthly paymentMode of PaymentYou must pay your financing installment by salary deduction.InsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age25 years oldMaximum age65 years oldWho can Apply
Malaysians
Medical Practitioner

Frequently Asked Questions about Bank Islam Personal Financing-i Medical Practitioner
Things you might want to know

Who is eligible for this Bank Islam Personal Financing-i product?
Only employees, sole-proprietors and members of partnerships working in the Medical profession may apply for this loan. You must earn in excess of RM2,000 per month.

How much money can I borrow?
You can borrow between RM10,000 and RM200,000. The repayment terms may be up to fifteen years (or age of retirement, whichever is earlier). During your application you will be credit checked, the outcome of this process will determine your maximum borrowing credit limit.

How much does Bank Islam Personal Financing-i package cost?
No processing fees are charged, only a Wakalah (Agency) fee of RM50. You will also need to pay Government Stamp Duty, which is calculated at 0.5% of the total amount borrowed.

What do I need to apply for the Bank Islam Personal Financing-i package?
The package is an unsecured personal loan. In most cases you will not need to provide a guarantor, deposit or other security. You will be asked to provide supporting documents:

Salaried Employee

Copy of MyKad (front and back)
Latest letter of confirmation from employer
Certificate of registration with Malaysian Medical Council or Malaysian Dental Council
And at least one of the followings:
Latest payment slip or EPF statement, or
Last three month’s bank savings account passbook or current/savings account statement.
Sole-Proprietorship or Partnership

Copy of MyKad (front and back)
Business Registration Certificate
Last six months current account statements
Most recent Form B from the Inland Revenue Board
Latest EPF form and 12 months records
Certificate of Registration with Malaysian Medical Council or Malaysian Dental Council
How do I get my hands on the money?
The application process should be completed within a few business days. Upon approval the borrowed money will be transferred to the account of your choice.

How do I pay the money back?
Loan repayments will be scheduled monthly. Payments must be made by Salary Deduction, or Salary Transfer with Auto Fund Transfer for employees, or Auto-Debit for Sole Proprietors and Partnerships.

If payments are not made on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% per annum late payment fee.

Can I pay my Bank Islam Personal Financing-i loan off early?
Yes, the loan may be ended at any time by paying the total outstanding amount. Borrowers will be entitled to an Ibra’ (rebate) which is equivalent to the remaining profit at the time of settlement. No penalty fees are charged for early repayment.

Is this Bank Islam Personal Finance product Syariah compliant?
Yes, the Syariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts.

Bank Islam Flat Rate Personal Financing-i Package

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Bank Islam Flat Rate Personal Financing-i Package
A Shariah compliant personal financing with no hidden fees that will thin your wallet! That's not all, your application is also guaranteed with fast approval.
Financing up to RM200kUp 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
RM10000 - RM200000 12 to 120 months min. RM24000 4.99% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 4.99% p.a., depending on financing amount and periodProcessing FeeNo FeeLate Payment Charge1% from current outstanding amount on the outstanding amount of the monthly paymentMode of PaymentYou must pay your financing installment by salary deduction.InsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age18 years oldMaximum age60 years oldWho can Apply
Malaysians
Government employee
Government-Linked Company employee
Public Listed Company employee

Frequently Asked Questions about Bank Islam Flat Rate Personal Financing-i Package
Things you might want to know

How to apply for a Bank Islam Personal Financing-i Package
Who is eligible for Bank Islam’s Personal Financing-i Package?

Only Government employees, employees of Government Linked Companies and Public Listed Companies employees can apply for this product.

How much money can I borrow?

Applicants may borrow from RM10,000 to a maximum of RM200,000. Repayment terms are up to ten years (or age of retirement, whichever is earlier). The outcome of a credit check will determine the maximum credit limit for your borrowing.

How much does Bank Islam Personal Financing-i package cost?

There are no processing fees, only a Wakalah (Agency) fee of RM50. Applicants will also be required to pay Government Stamp Duty, which is calculated at 0.5% of the total amount borrowed.

What do I need to apply for the Bank Islam Personal Financing-i package?

The package is an unsecured personal loan so you will not need to provide a guarantor, deposit or other security. To make an application you will be asked to provide supporting documents:

Copy of MyKad (front and back)
Last three month’s payment slips, or EPF statements.
Last three month’s bank savings account passbook or current/savings account statement.
Letter of designation from your Head of Department.
Latest income statement or EPF statement
How do I get my hands on the money?

The application process may take a few business days to complete. Once your application has been approved the borrowed money will be transferred to the account of your choice.

How do I pay the money back?

Loan repayments will be scheduled monthly as and when you make your loan application. Payments must be made by Salary Deduction, Salary Transfer with Auto Fund Transfer, or Standing Instruction.

If you do not make your payments on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% per annum late payment fee.

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

Yes, you may settle your loan before is due by paying the total amount owing. You will be entitled to an Ibra’ (rebate) which is equivalent to the remaining profit at the time of settlement. No penalty fees are charged for early repayment.

Is this Bank Islam Personal Finance product Syariah compliant?

Yes, the Syariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts.

RHB Personal Financing-i Civil Sector

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RHB Personal Financing-i Civil Sector
A fast approval government servant financing repayment through salary deduction. What's more - Takaful protection in the event of death and total permanent disability.
Financing up to RM200kUp to 10 years tenureUnsecured Islamic Financing

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

Financing Value Financing Period Your Income Profit Rate
RM2000 - RM200000 24 to 120 months min. RM12000 4.5% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 4.5% p.a., depending on financing amount and periodProcessing FeeRM31.80 brokerage chargeStamp Duty and Handling FeeRM10Late Payment Charge1% from current outstanding amount
*inclusive of 6% GST

Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM12000Minimum age18 years oldMaximum age58 years oldWho can Apply
Malaysians
Government employee


Frequently Asked Questions about RHB Personal Financing-i Civil Sector
Things you might want to know

An ideal financing plan for government employees looking for extra cash, with low minimum salary requirements at RM1,000 a month and auto-deductions via Biro Angakasa - so you’ll always meet your repayments without any hassle or over-spending.

How much can I borrow from RHB Bank?
RHB Personal Financing-i for Civil Sector will let you borrow a minimum of RM2000 up to RM150,000. You can choose any repayment period between 2 years to 10 years, as long as can afford the monthly repayments.

What fees should I be aware of? Do I have to pay any GST?
You’ll have to pay a brokerage charge of RM31.80 with GST included to get your financing approved and process. In addition, you’re required to pay RM10 for stamp duty fees.

If you’re late on your monthly payments, you’ll be charged 1% of the outstanding balance by RHB, as well as GST charges.

What do need to apply for this RHB Islamic financing?
To approve your loan RHB Islamic will need you to fill up an application form and submit your supporting documents. Here’s what you’ll need:

2 copies of your MyKad front and back
Authorisation Letter for Salary Deductions
Original and 3 copies of latest 3 months’ salary slips
2 copies of Confirmation Letter from employer
2 copies of Redemption Letter (if applicable)
How will I get the cash once I have been approved?
Once RHB Islamic has reviewed your application and approved your financing, you’ll need to accept the cash and terms of the agreement. Your financing will then be transferred to a Savings Account or Current Account of your choice.

How much do I have to pay back each month?
RHB Islamic Bank will provide you with a repayment schedule based on the amount that you borrowed and chosen tenure. Be sure to meet your repayments on time each month to avoid being charged any late payment fees.

What happens if I choose to settle my financing early?
There will be no exit fees charged by RHB if you decide to terminate this Islamic financing plan ahead of schedule. Ibra’ rebates will be awarded to you based on the profits calculation and any applicable early settlement charges.

MBSB Personal Financing Afdhal-i

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MBSB Personal Financing Afdhal-i
Never miss out on your repayments with automatic salary deductions. Get special rates for government and private sector employees only with MBSB!
Financing up to RM400kUp to 10 years tenureUnsecured Islamic Financing

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

Financing Value Financing Period Your Income Profit Rate
up to RM400000 24 to 48 months min. RM24000 4.5% p.a.
up to RM400000 60 to 120 months min. RM24000 4.9% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 4.5% p.a. to 4.9% p.a. , depending on financing amount and periodLate Payment Charge1% from current outstanding amount Mode of PaymentYou must pay your financing installment by salary deduction.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age19 years oldMaximum age60 years oldWho can Apply
Malaysians
Contract Government employee
Public Listed Company employee


Frequently Asked Questions about MBSB Personal Financing Afdhal-i
Things you might want to know

What is MBSB Personal Financing Afdhal-i all about?
This is a special Islamic personal loan that is offered specially for selected employee from both government and private sectors.

What's great abut tihs financing solution is that you won't need to worry about the late repayment whereas this personal financing allows salary deduction. However, this can only be done if the company that you working with has made an arrangement with MBSB - do check with your boss or HR manager!

Is there any other ways to make repayment?
Besides the salary deduction, the monthly instalment can be made via Biro Angkasa (Biro) or Accountant General (AG).

How much can I borrow?
The maximum borrowing amount is up to RM400,000 depending on your eligibility. The financing period is between 2 to 10 years. If the repayment period is shorter, you can enjoy lower rate from 4.5% p.a..

So, who can apply for this personal financing?
MBSB Personal Financing Afdhal-i is open to all Malaysians aged between 19 and 60 years old.

Do I need a guarantor?
Nope, you allowed to apply for the MBSB Personal Financing Afdhal-i without appointing a guarantor or collateral.

Does MBSB Personal Financing Afdhal-i offer Takaful coverage?
Yes, MBSB offers Group Credit Family Takaful (GCFT) as an optional coverage.  It's your choice if you want this extra protection.

This takaful insurance protects you from outstanding repayment in the case of death or total permanent disability.

AmBank Islamic Personal Financing-i

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AmBank Islamic Personal Financing-i
An unsecured Islamic personal loan designed especially for government sector workers - start your repayments after the third month
Financing up to RM200kUp 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 - RM200000 24 to 48 months min. RM18000 4.3% p.a.
RM5000 - RM200000 60 to 120 months min. RM18000 4.8% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 4.3% p.a. to 4.8% p.a. , depending on financing amount and periodLate 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 age18 years oldMaximum age60 years oldWho can Apply
Malaysians
Government employee


Frequently Asked Questions about AmBank Islamic Personal Financing-i
Things you might want to know

How do I apply for AmBank Islamic Personal Financing-i?
Who is eligible for this personal loan?
AmBank Islamic's personal loan is only for permanent employees of Federal and State Government and selected Statutory Bodies who have been in service with the Government for at least three months. You must earn more than RM 1500 a month.

How much money can I borrow?
Subject to the usual credit check and approval you can borrow any amount between RM5000 and RM200000. The repayment terms are between five to ten years.

How much does AmBank Islamic Personal Financing-i cost?
There are a few fees with this personal loan, AmBank Islamic charges 4% of the approved amount as processing fee and RM10 for each Letter of Approval. You'll need to pay Government Stamp Duty, which is calculated as 0.4% of the total amount you borrow.

And of course you'll also have take Takaful insurance cover for the period of your loan. The one time premium is calculated from the amount you borrow, the tenure of your loan and your age.At least you'll be well protected in case of accident or injury that prevents you from making payments.

As this personal loan requires Biro Perkidmatan Angkasa (BPA) payment you'll have to pay 2% of your loan repayment every month for the auto deduction fee.

What do I need to apply for this personal loan?
AmBank Islamic Personal Financing-i is an unsecured personal loan so you will not need to provide a down payment or signup a guarantor. In order to make an application you have to provide supporting documents:

3 copies of MyKad (front and back) and certified true copy by your Head of Department.
Latest one month’s salary slip
2 copies certified true copy by Head of Department for each pay slip or 3 copies for e-pay slip
1 copy of your Saving Account Passbook or Current Account statement where you want your loan to banked-in (front page with name and account number).
How do I get my hands on the money?
AmBank Islamic will take a few working days to process your application. As soon as your loan is approved, the money you are borrowing will be transferred into your Ambank account.

How do I pay the money back?
You can start repaying your loan repayment after the third month of borrowing. You need to sign up with Biro Perkhidmatan Angkasa, so loan payments will be automatically deducted from your salary until the total amount is repaid.

Can I pay my personal loan off early?
Definitely. If you have enough funds to pay off your loan before its term has ended you can go right ahead and inform the bank one month prior notice in writing. There are no penalty fees for early repayment and you should receive an Ibra’ (rebate) on the Interest charged for the total loan.

Is this personal loan Syariah compliant?
Yes, AmBank Islamic Personal Financing-i is fully complies with Syariah requirements following the concepts of Bai Inah.

Bank Rakyat Personal Financing-i Public

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Bank Rakyat Personal Financing-i Public
The only thing of low interest about this personal loan is the rate - short-term financing for government and GLC employees
Financing up to RM200kUp 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 - RM200000 12 to 36 months min. RM12000 3.46% p.a.
RM5000 - RM200000 48 to 120 months min. RM12000 3.91% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 3.46% p.a. to 3.91% p.a. , depending on financing amount and periodLate 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.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM12000Minimum age18 years oldMaximum age60 years oldWho can Apply
Malaysians
Government employee
GLC employee


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

Who can apply for Bank Raykat Personal Financing-i Public?
This personal loan is strictly for Government employees with minimum three months employment. If you do not fall into the category do not try and apply as you will be disappointed.

How much money can I borrow?
Subject to the outcome of a successful credit check you can borrow up to RM200000. You can opt for a fixed or floating interest rate based on the Base Rate ( BR) which is generally lower but is subjected to market conditions. If you decide to go with the Takaful proctection plan, you profit rates will go even lower!

How much does it cost to apply for Personal Financing-i Public?
There are no processing fees for this loan. You only have to pay for the Government Stamp Duty which is 0.5% of the loan amount. The Bank will ask you to sign up for Takaful insurance - you can also include the one time premium for that in your loan.

What do I need to apply for this personal loan?
You don't need a guarantor or any extra security. The documents you'll have to provide are:

First time applicant
Copy of MyKad (front and back)
Last three month’s pay/salary slip
Latest 3 months pay slip bank statement if your pay is deposited in other bank
Reference / Certification Letter from your employer or head of department or EA form
For Returning customer
Copy of MyKad (front and back)
Latest 3 months' pay/salary slip
How do I get my hands on the money?
Bank Rakyat will process your loan as fast as they can, that may take a few business days. The money you are borrowing will be transferred to the account of your choice once all documents are finalised.

How do I pay the money back?
You have three options to pay your monthly installment. You can choose Angkasa Service Bureau (Biro Perkhidmatan Angkasa), auto salary deduction or auto deduction from the saving account where your salary is credited. When you sign up for this loan, you'll need to sign a letter allowing the bank to deduct automatically.

Can I pay my Bank Rakyat personal loan off early?
Absolutely. There will be no penalty and Bank Rakyat even give you a rebate for the interest charged to the loan amount when you settle your loan earlier then agreed.

MBSB Personal Financing Mumtaz-i

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MBSB Personal Financing Mumtaz-i
Have a high interest bearing debt that you can't wait to get rid of? Settle it with this personal financing with profit rate as low as 3.40%p.a. with financing amount up to RM250000!
Financing up to RM250kUp 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
up to RM250000 24 to 48 months min. RM24000 3.4% p.a.
up to RM250000 60 to 120 months min. RM24000 3.8% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 3.4% p.a. to 3.8% p.a. , depending on financing amount and periodLate 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.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age19 years oldMaximum age60 years oldWho can Apply
Malaysians
Government employee
GLC employee

Frequently Asked Questions about MBSB Personal Financing Mumtaz-i
Things you might want to know

What is MBSB Personal Financing Mumtaz-i?
MBSB Personal Financing Mumtaz-i is a syariah compliant personal loan that references the Islamic concept of Tawarruq.It's a loan specifically for Government workers and employees of Government Linked Companies.

Who is eligible for this personal financing?
This loan is a an offer limited to Government workers and employees of Government Linked Companies. You'll need to have worked for your employer for a minimum of three years to be eligible for this loan.

Another version of this loan is available to employees of some Multinational companies and some companies in the Malaysia BURSA top 100 list. This version of the loan has a floating interest rate.

How much does this personal loan cost?
As this is an Islamic loan under the concept of Tawarruq, referring to trading of a commodity, you will also have to pay RM36.04 as a Sales Agent fee.

There is also stamp duty of RM10 for a standing instruction to deduct the monthly repayment from your bank account.

What documents are needed to apply for this personal loan?
You don’t have to secure the loan to any assets or find a guarantor as security but you will need to give MBSB supporting documents:

Copy of MyKad (front and back) and birth certificate.
2 copies of your latest three month’s salary slips and it must be certified true copy by your boss or head of department.
Latest six month’s current or savings account statements or a copy of your saving passbook from the bank where your salary is debited.
How do I get my hands on the money?
Financing takes a few business days to process. Once approved your borrowed funds will be transferred to your bank account.

How do I pay the back the loan?
Payments must be deducted from your salary each month so you must apply for a standing instruction to auto-transfer the monthly fixed installment once the loan is approved. The schedule for repayments will be stated in your loan agreement.

Can I pay this loan off early?
Yes, you can settle your loan completely before it is due. You will need to give one months notice to MBSB and you will be charged an Early Termination Fee.

Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar

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Attractive interest rate personal loan especially for government employees. Offers finance to workers with income as low as RM1000 a month
Financing up to RM200kUp 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 - RM200000 12 to 36 months min. RM12000 3.27% p.a.
RM5000 - RM200000 48 to 120 months min. RM12000 3.7% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRfrom 3.27% p.a. to 3.7% p.a. , depending on financing amount and periodLate 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.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM12000Minimum age18 years oldMaximum age60 years oldWho can Apply
Malaysians
Government employee

Frequently Asked Questions about Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
Things you might want to know

What is Bank Rakyat’s Pembiayaan Peribadi-i Aslah Rakan Pintar?
Bank Rakyat’s Pembiayaan Peribadi-i Aslah Rakan Pintar is a Syariah compliant personal loan based on the Islamic principles of Murabahah and Tawaruq.

This loan is based on a floating interest rate - the current and newly implemented Base Rate system by Bank Negara Malaysia. Subject to your credit rating, you can borrow up to a maximum of 35 times your salary! Additionally, you will get to enjoy premium banking membership from Bank Rakyat and RM0.50 cashback on MEPS and Tabung Haji transactions at the ATM.

Who is eligible for Bank Raykat Pembiayaan Peribadi-i Rakan Pintar?
This Bank Rakyat personal loan is only for Government Employees and those working in selected GLC companies.

How much money can I borrow?
You can borrow up to RM200,000 on the condition that monthly repayments do not exceed 60% of your gross monthly income. This loan does not require a guarantor or extra security.

How much does an application for a personal loan cost?
This Pembiayaan Peribadi-I Rakan Pintar has no processing fees and there are no hidden charges. You must pay Government Stamp Duty, which amounts to 0.50% of the total borrowed and is added to the borrowed amount.

You will also be required to signup for a Takaful insurance package to cover the period of your loan. The one time premium can be added into the loan.

What do I need to apply for Pembiayaan Peribadi Rakan Pintar?
As this is an unsecured personal loan you don't need to provide a guarantor or down payment with your application. Bank Rakyat will ask for supporting documents such as:

First time applicant
Copy of MyKad (front and back)
Last three month’s payment slip
Latest 3 months' pay slip bank statement if your pay is deposited in other bank
Reference Letter from your Employer
Latest EA Form
Returning customer
Copy of MyKad (front and back)
Latest 3 months' payment slip
How do I get my hands on the money?
Bank Rakyat may take a few business days to process a loan application. Once the loan is approved, you will have to drop by the bank to sign the documents and hand over the original document to certified true copy.  The borrowed money will be transferred to the account of your choice once all documents are finalised.

How do I pay the money back?
You will be given a loan repayment schedule and you will have to apply for auto-deduction from your salary account.  If your salary account is different from Bank Rakyat, you will have to apply for a standing instruction to automatically deduct the monthly loan repayment.

The stamp duty for a standing instruction is RM10.

Can I pay my Bank Rakyat personal loan off early?
Yes of course. Bank Rakyat will give you a rebate for the interest overcharged when you settle your loan earlier then agreed.

Standard Chartered Personal Financing-i

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Standard Chartered Personal Financing-i
Simple and affordable Islamic personal loan with minimum terms and an attractive interest rate.
Financing up to RM150kUp to 5 years tenureUnsecured Islamic Financing

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

Financing Value Financing Period Your Income Profit Rate
RM3000 - RM150000 12 to 60 months min. RM24000 8.99% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 8.99% p.a., depending on financing amount and periodProcessing FeeNo FeeLate Payment Charge1% from current outstanding amount
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM24000Minimum age21 years oldMaximum age65 years oldWho can Apply
Malaysians


Frequently Asked Questions about Standard Chartered Personal Financing-i
Things you might want to know

How to apply for Standard Chartered Personal Financing-i
How much money can I borrow?

Standard Chartered Personal Financing-i provides lifestyle and business loans from RM3,000 to RM250,000 for periods of one to five years.

How much does this personal loan cost?

There are no application or processing fees for this Standard Charted Islamic loan. You will need to pay a Stamp Duty fee that amounts to 0.5% of the sum of your loan.

What do I need to apply for this personal loan?

There is no requirement to pay a deposit or find a guarantor for this Standard Chartered Personal Finance product. You will need to supply some personal documents with your application form:

Salaried Employee

Copy of NRIC (front and back).
Latest salary slip and bank statement.
Most recent EPF statement.
Latest submission to LHDN.
Self-Employed

Copy of NRIC (front and back).
Previous six month’s bank statements.
Business Registration Form 9.
Most recent EPF statement.
Latest submission to LHDN.
How do I get my hands on the money?

Standard Chartered may take a few business days to process your personal loan application. Once the loan has been approved funds will be disbursed to the bank account of your choice.

How do I pay the money back?

Your repayment schedule will be detailed in your application approval document. In most cases payments begin the month following the date you receive your loan and continue at monthly intervals until the loan has been completely repaid.

Can I settle my Personal Financing-i facility before the agreement ends?

You can settle your loan whenever it suits you. There are no penalty fees for early termination of the agreement though Standard Chartered reserves the right to charge you for any costs, fees or interest incurred in connection with the cancellation.

Is this Standard Chartered loan Syariah compliant?

Yes, this loan product conforms to the concept of commodity Murabahah.

Al-Rajhi Personal Financing-i

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Al-Rajhi Personal Financing-i
You can afford to borrow within your budget with Al Rajhi Islamic personal loans.
Financing up to RM150kUp to 10 years tenureUnsecured Islamic FinancingTakaful insurance required48 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 - RM150000 12 to 120 months min. RM60000 8.99% p.a.
Fees & Charges
There are always fees but how much are they?

Profit Rate / APRAs low as 8.99% p.a., depending on financing amount and periodProcessing FeeNo FeeLate Payment ChargeNoneInsuranceYou must take takaful insurance with this financing.
Requirements
Are you eligible for this personal financing?

Minimum annual incomeRM60000Minimum age25 years oldMaximum age60 years oldWho can Apply
Malaysians

Frequently Asked Questions about Al-Rajhi Personal Financing-i
Things you might want to know

How to apply for Al Rajhi Bank Personal Financing-i
How much money can I borrow?

Al Rajhi Bank Personal Financing-i allows you to borrow up to RM150,000, or 5x your monthly salary, whichever is lower. Repayment terms run for between one and five years. No guarantor or extra security is required.

How much does an Al Rajhi Bank Personal Financing-i loan cost?

The Personal Financing-i product from Al Rajhi Bank has no processing fees and there are no hidden charges. You will need to pay Government Stamp Duty, which is 0.50% of the amount you borrow, and you must take a Takaful insurance package with your loan.

What do I need to apply for Personal Financing-i from Al Rajhi Bank?

As this is an unsecured personal loan you will not need to provide a guarantor or down payment with your application. When applying you will be asked to provide supporting documents such as:

Salaried Employee

Copy of MyKad (front and back).
Last three month’s payment slip, or EPF statements, or Reference Letter from your Employer.
Last three month’s bank savings account passbook or current/savings account statement.
Self-Employed

Copy of MyKad (front and back).
Business Registration Certificate (must be at least two years old) and Articles of Association.
Last six months bank statements.
Most recent Form B from the Inland Revenue Board.
Latest 3 years audited or unaudited or management draft accounts.
Memorandum and articles of association.
How do I get my hands on the money?

Al Rajhi Bank loan applications are usually processed within 24 hours. As soon as your application is approved the borrowed money will be transferred to the account of your choice.

How do I pay the money back?

Your loan repayments schedule will be fixed as and when you make your application. Payments need to be made every month until the total amount of the loan is repaid.

Al Rajhi Bank does not demand standing instructions or salary deductions as means of repayment.

Can I pay my Al Rajhi Bank personal loan off early?

You can finish your loan by paying the total amount owing at any time.

Is the Al Rajhi Bank Personal Financing-i Loan product Syariah compliant?

Yes, the product is based on Al Rajhi Bank’s own Syariah standard.