Personal Cash Line-i Secured

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

Financing Period

Secured against fixed deposit or structured investment

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

Secured against unit trust or salary account

  • Maximum of 5 years (60 months) or up to the retirement age or up to 70 years old, whichever is earlier

Financing Rate Offer

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

 

Eligibility & Requirements

Eligibility

Secured against fixed deposit or structured investment

  • 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

Secured against unit trust or 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 fixed income of RM1,500.00 per month (except for salary account with a minimum of RM5,000.00 per month)
  • Salary earner or sole proprietorship/partnership
  • For sole proprietorship/partnership – minimum 2 years in business

Takaful Coverage

  • Personal Cash Line-i Takaful Plan

Documents Required

Secured against fixed deposit or structured investment

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

Secured against Unit Trust or salary account

Salary Earner

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

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

Sole Proprietor/Partnership

  • A copy of NRIC
  • Business registration
  • Last 6 months current account statements
  • Latest annual income statement (BE/B Form) with payment receipt
  • Last 2 years business financial statements

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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