Personal Financing-i Package

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Benefits & Features

Features Financing Quantum

  • Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM300,000

Payment Period

  • Maximum of 10 years (120 months) or up to the retirement age, whichever is earlier

Financing Rate Offer With Takaful Coverage

Floating Rate (Base Rate [BR])

  • 1-3 years: Base Rate (BR) + 1.90% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
  • 4-10 years: Base Rate (BR) + 2.00% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).

Revised BR (effective date 12 May 2020) is 2.77% p.a

Financing Rate Offer Without Takaful Coverage

Floating Rate (Base Rate [BR])

  • 1-3 years: Base Rate (BR) + 3.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).
  • 4-10 years: Base Rate (BR) + 5.28% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).

Revised BR (effective date 12 May 2020) is 2.77% p.a

Package

Financing Rate Offer With Takaful Coverage

Flat Rate

  • 1-10 years: 4.99% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

 

Financing Rate Offer Without Takaful Coverage

Flat Rate

  • 1-10 years: 5.99% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

 

Advance Payment

  • Equivalent to 2 months installment

Takaful Coverage

  • Personal Financing Takaful Plan – Optional

Benefits

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

Eligibility & Requirements

Eligibility

  • Applicant must be 18 years and not exceeding the retirement age at the end of payment period
  • Malaysian citizen
  • Earning a minimum fixed income of RM2,000 per month
  • Applicant must be a continued employee in any of the following:
    • Government Sector
    • Selected Public Listed Companies
    • Subsidiaries of Government or Selected Public Listed Company
    • Other Prominent Private Limited Companies as categorized under package companies listed by Bank Islam

Documents Required

  • A copy of identity card
  • Latest 3 months’ salary slip
  • Latest employer’s confirmation letter
  • Latest 3 months Bank Statements of salary crediting account
  • And at least one (1) of these:
    • Latest income tax form (Form B or Form EA/EC)
    • Any other latest supporting document such as EPF statement, if required

Payment Method

  • Salary Deduction
  • Salary Transfer to Bank Islam with Auto-debit Instruction
 

Fees & Charges

RM50.00 – For being the customer’s agent to sell commodity to the Broker

 

Product Disclosure Sheet

Click here to download Product Disclosure Sheet

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