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”).
Note : Revised BR (effective date 10 July 2020) is 2.52% 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”).
Note : Revised BR (effective date 10 July 2020) is 2.52% 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
Terms & Conditions
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