2. Personal Financing-i None- Package
Benefits & Features of Bank Islam Personal Loan
- The minimum financing amount is RM10,000
- Maximum financing amount RM150,000
- RM30,000 and below does not require a guarantor
- RM30,000 and above require a guarantor
- Duration: Up to 10 years or retirement age (whichever is earlier)
- Repayment scheme:
- Salary cut
- Auto Fund Transfer from Salary
- Standing Instructions
- No entry key period
- Takaful Cover (optional)
Profit Rate of Bank Islam Personal Loan
Average rate:
- 1 – 3 years: 6.0% to 7.0% p.a.
- 4 – 8 years: 6.8% to 7.8% p.a.
- 9 – 10 years: 7.0% to 8.0% p.a.
Fees and Charges
- Stamp duty
- Wakalah/agency fee: RM50
- Cancellation Costs when canceling financing
- Late Payment Charges (Ta’widh)
- Before ripening: 1% p.a. on installments in arrears until full payment
- After maturity: The amount equivalent to the daily overnight Islamic Interbank Money Market Rate on the outstanding balance
- Post-judgment debt: An amount equal to the daily overnight Interbank Money Market Rate on the basic judgment amount calculated from the date of judgment until the date of full payment
Eligibility to apply for Bank Islam Personal Loan
- 18 and above
- Malaysia
- Minimum income of RM3,500 per month
- An employee at:
- Government sector
- Public Listed Company
- Government Subsidiaries or Public Listed Companies
Documents Required
- Copy of NRIC
- Latest 3 months salary slip
- Latest employer confirmation letter
- Latest 3 months bank statement salary crediting the account
- Late income statement (Form B/eBE/EA/EC)
3. Personal cash line-i (Bank Islam Personal Loan)
Bank Islam Personal Loan – Financing solutions you can get from your fixed deposits, structured investments, or unit trusts.
Benefits and Features
- From the minimum financing amount of RM10,000
- Financing margin:
- 100% if guaranteed with a fixed deposit
- 80% if guaranteed by a structured investment
- 60% if guaranteed against a unit trust
Duration:
- Guaranteed with fixed deposits or structured investments: maximum 5 years (no age limit)
- Guaranteed by unit trusts: Maximum 5 years of retirement age or 70 years
- Takaful case (optional)
Financing fees
Variable interest rate:
1-5 years: Base rate + 3.95% per annum
Eligibility
Guaranteed by fixed deposits or structured investments:
18 and over
Malaysia
Salary provider or sole proprietorship/partnership
Secured against unit trusts
18 years to 65 years
Malaysia
Minimum income of RM1,500 per month
Salary provider or sole proprietorship/partnership
If you are a sole proprietor/partnership: Minimum 2 years in business
Fees and charges
- Stamp duty
- Wakalah / Agency Fee: RM50
- Cancellation costs when canceling financing
- Late payment charges (Ta’widh)
Required documents – Bank Islam Personal Loan
Guaranteed by fixed deposits or structured investments
- Salary opinion
- Copy of NRIC
- last pay slip
- Bank statement salary credit account for the last 3 months
- Sole owner / Company
- Copy of NRIC
- Business registration
- Current account statement for the last 6 months
- Secured against unit trusts
- Salary opinion
- Copy of NRIC
- Salary slip for the previous 3 months
- Bank statement salary credit account for the last 3 months
- Most recent income statement (form B / E / EA / EC)
- Sole Owner / Company
- Copy of NRIC
- Business registration
- Current account statement for the last 6 months
- Latest annual income statement (form BE / B) together with the payment receipt