Personal Financing-i Package
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 : SBR + 2.67% p.a (Profit is calculated on a daily basis based on “Monthly Rest”)
- 4-10 years : SBR + 2.77% p.a (Profit is calculated on a daily basis based on “Monthly Rest”)
Note : SBR (effective 4 November 2022) is 2.75% p.a
Financing Rate Offer Without Takaful Coverage
Floating Rate (Base Rate [BR])
- 1-3 years : SBR + 4.15% p.a (Profit is calculated on a daily basis based on “Monthly Rest”)
- 4-10 years : SBR + 6.05% p.a (Profit is calculated on a daily basis based on “Monthly Rest”)
Note : SBR (effective 4 November 2022) is 2.75% p.a
Package
Financing Rate Offer With Takaful Coverage
Flat Rate
- 1-3 years: 4.20% p.a. (Profit is calculated on a monthly basis based on ‘Sum of Digit”).
- 4-10 years: 4.35% p.a. (Profit is calculated on a monthly basis based on ‘Sum of Digit”).
Note : 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
- Latest income tax form (Form B or Form EA/EC) or any other latest supporting document such as EPF statement (or both 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 effective on 1st August 2022
Klik di sini untuk muat turun Lembaran Maklumat Produk berkuatkuasa 1hb Ogos 2022
Terms & Conditions
