ASB Financing-i

 
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Benefits & Features

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 30 years or up to actual retirement age or 70 years of age at the end of payment period, whichever earlier


Floating Rate Offer

  • With Takaful (BR+1.00%) : 3.77% (effective 12/05/2020)
  • Without Takaful (BR+1.50%) : 4.27% (effective 12/05/2020)

  • Note : Revised BR (effective date 10 July 2020) is 2.52% p.a

Eligibility & Requirements

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 :
    • Permanent staff : RM2000.00 or
    • Contract staff : RM3000.00 for government and RM5000.00 for selected Private sector

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
  • Earned a minimum gross monthly income of RM2000.00 and above
Documents Required

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.

Fees & Charges
  • 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
Terms & Conditions and Lembaran Maklumat Produk / Product Disclosure Sheet
ASB Financing-i Instalment Table
 
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