Personal Cash Line-i

Personal Cash Line-i against Bank Islam’s Fixed Deposits, Structured Investment, Unit Trust and Salary Account

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Benefits & Features

Financing Quantum

  • Subject to a minimum of RM5,000 (Salary Account)
  • Subject to a minimum of RM10,000 (Fixed Deposits, Structured Investment or Unit Trust)

Margin of Financing

  • Up to 100% if secured against fixed deposit
  • Up to 80% if secured against structured investment
  • Up to 60% if secured against unit trust
  • Up to 1:1 with amount of salary credited to Bank Islam and up to maximum of RM50,000.00

Financing Period

Secured against fixed deposit, structured investment or unit trust

  • Maximum of 5 years (60 months) with no age limit

Salary Account

  • Maximum of 3 years (36 months) or up to the retirement age or up to 70 years old, whichever is earlier

Financing Rate Offer

Secured against fixed deposit, structured investment or unit trust

Floating Rate (Base Rate [BR])

  • Profit rate – Base Rate (BR) + 3.95%

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


Salary Account

Floating Rate (Base Rate [BR])

  • Profit rate – Base Rate (BR) + 2.95%

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

 

Eligibility & Requirements

Eligibility

Secured against fixed deposit, structured investment or unit trust

  • Applicant must be 18 years and above
  • Malaysian citizen
  • Earning a minimum fixed income of RM1,500.00 per month
  • Salary earner or sole proprietorship/partnership

Salary Account

  • Applicant must be 18 years and up to retirement age or 70 years old (last entry age at 65 years old)
  • Malaysian citizen
  • Earning a minimum of RM5,000.00 per month)
  • Salary earner

Takaful Coverage

  • Personal Cash Line-i Takaful Plan

Documents Required

Secured against fixed deposit, structured investment or unit trust

Salary Earner

  • A copy of NRIC
  • Latest salary slip
  • Latest 3 months bank statements of salary credited account

Sole Proprietor/Partnership

  • A copy of NRIC
  • Business registration
  • Last 6 months current account statements

Salary Account

Salary Earner

  • A copy of NRIC
  • Latest 3 months salary slip
  • Latest 3 months bank statements of salary credited account
  • Practicing certificate from Professional Bodies (for customer under Professional i.e doctor, dentist, etc)

And at least one (1) of the following:

  • Latest income statement (Form B/eBE/ EA/EC); or
  • Any other latest income supporting document such as EPF statement


Payment Method

  • Standing instruction from current account linked to the Personal Cash Line-i

Benefits

  • Competitive rate
  • No commitment fee
  • No hidden charges
  • No guarantor is required
  • No processing fee
  • Flexible financing tenure
  • Selling price – fixed and known
  • Fast approval
 

Fees & Charges

RM50.00 – To act as agent to sell the commodity to the broker for customer

 

T&C and PDS

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