personal financing-i

Features

Financing Quantum

• Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM200,000

Payment Period

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

Financing Rate Offer

Flat Rate

• 1-10 years : 4.99% p.a.

Floating Rate (Base Rate [BR])

• 1-3 years : BR + 1.30% p.a.
• 4-10 years : BR + 2.60% p.a.

Note : Current BR is 3.90% p.a.

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

Takaful Coverage

• Personal Financing Takaful Plan

Wakalah Fee

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

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 statement (Form B/eBE/ EA/EC); or
• Any other latest supporting document such as EPF statement, if required

Payment Method

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

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