ASB Financing-i

Features Financing Quantum

• Based on ASB Units eligibility and subject to a minimum amount of RM10,000 and maximum amount of RM200,000

Payment Period

• Minimum 1 year
• Maximum 40 years or 70 years of age at the end of payment period, whichever earlier.

Floating Rate Offer

• With Takaful : SBR + 1.77% p.a
• Without Takaful : SBR + 2.02% p.a



Note : SBR (effective 02 Nov 2023) is 3.00% p.a

Eligibility (Fixed Salary Earner)

• Malaysia citizen individual only
• 18 years old and above
• Not a judgment debtor or a bankrupt
• Employed under approved employer and already in service for :
  • Permanent staff – 6 months and above; OR
  • Contract staff – At least 2 years (government and selected private sector only) and remaining tenure of the contract should not be less than 12 months
• Earned a minimum gross monthly income of RM2,000.

Eligibility (Non-Fixed Salary Earner)

• Malaysia citizen individual only
• 18 years old and above
• Not a judgment debtor or a bankrupt
• Minimum of two (2) years in business
• Business is profitable for the past two (2) years
• Income calculation is based on average 6-month pay on bank statement or any other proof of income statement, subject to meeting the Debt Service Ratio (DSR) set by Bank Islam.

1.Photocopy IC (both sides); and

2.Evidence of Income (as stated below).

Evidence of Income for Fixed Salary Earner:

• Latest one (1) month payslip; OR
• Latest one (1) month Bank Statement of salary crediting account (not required if salary crediting is with Bank Islam); OR
• Latest Annual Income Statement (EA/ EC/ BE/ e-BE/ B Form); OR
• Latest EPF Statement; OR
• Latest Letter of Employment/ HRMIS (with income details).



Note: If necessary on case to case, the Bank will require additional supporting documents.

Evidence of Income for Non-Fixed Salary Earner:

• Latest six (6) months Current Account Statements; OR
• Latest income Tax Form (BE/ e-BE/ J Form) with payment receipt; OR
• Last two (2) years financial statement.



Note: If necessary on case to case, the Bank will require additional supporting documents.

• Stamp duty – As per Stamp duty Act 1949 (Revised 1989)
• Processing fee – Waived
• Wakalah Fee – RM50.00 (RM25 of each ABPA and ABSA)
• Takaful contribution – As per the contribution amount required by the Takaful operators to cover the whole outstanding financing amount in the event of death and TPD of the customer
• Subscription Fee – RM50.00

Click here to download Terms and Conditions effective on 1st August 2022

Klik di sini untuk Lembaran Maklumat Produk berkuatkuasa 1hb Ogos 2022

Click here to download Product Disclosure Sheet effective on 1st August 2022