Compare Islamic Personal Loans in Malaysia 2019

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Islamic Personal Loans

Showing personal loan packages for loan amount of RM 10,000 over 5 years

YIR Personal Financing

YIR Personal Financing

Profit Rate: 6.5 %

( Effective Rate: 11.68% )

Monthly Payment: RM 221

(Total Repayment: RM 13,250)

More About This Product
  1. Maximum loan amount: RM150,000
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 20 Years Old
  4. Maximum Age: 58 Years Old
  5. Islamic Financing
Fees and charges
  1. Stamp Duty: 0.5% of financing amount (Original copy) + RM10 (Photocopy)
YYP Personal Financing

YYP Personal Financing

Profit Rate: 6.5 %

( Effective Rate: 11.68% )

Monthly Payment: RM 221

(Total Repayment: RM 13,250)

More About This Product
  1. Maximum loan amount: RM150,000
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 20 Years Old
  4. Maximum Age: 58 Years Old
  5. Islamic Financing
Fees and charges
  1. Stamp Duty: 0.5% of financing amount (Original copy) + RM10 (Photocopy)
Alliance CashVantage Financing-i (Salaried Employee)

Alliance CashVantage Financing-i (Salaried Employee) Islamic

Profit Rate: 8.88 %

( Effective Rate: 15.53% )

Monthly Payment: RM 241

(Total Repayment: RM 14,440)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No collateral or guarantor is required

    Insurance coverage is optional

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i Sandaran BSN SSP

BSN MyRinggit-i Sandaran BSN SSP

Profit Rate: 3.0 %

( Effective Rate: 5.64% )

Monthly Payment: RM 192

(Total Repayment: RM 11,500)

More About This Product
  1. Maximum loan amount: RM 1,000,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Authorised BSN SSP unit/certificate holder

    No Guarantor is Required

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
MBSB Mumtaz-i

MBSB Mumtaz-i

Profit Rate: 3.69 %

( Effective Rate: 6.87% )

Monthly Payment: RM 198

(Total Repayment: RM 11,845)

More About This Product
  1. Maximum loan amount: RM 250,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 19 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Government Employee

    Employee of Government Link-Company (GLC)

    State Government Link-Company

    Local Council

    Approved companies under Non-Biro arrangement

Fees and charges
  1. Stamp Duty: None
  2. Processing Fee: None
  3. Late Payment Fee: 1% of the total outstanding loan amount and not compounded
  4. Early Settlement Fee: None
  5. Handling Fee: None
Ambank Personal Financing-i

Ambank Personal Financing-i

Profit Rate: 4.35 %

( Effective Rate: 8.03% )

Monthly Payment: RM 203

(Total Repayment: RM 12,175)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor or No Collateral is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
MBSB Afdhal-i

MBSB Afdhal-i

Profit Rate: 4.4 %

( Effective Rate: 8.12% )

Monthly Payment: RM 204

(Total Repayment: RM 12,200)

More About This Product
  1. Maximum loan amount: RM 400,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 19 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Confirmed and permanent staff

    Government employee

    Salaried employee

Fees and charges
  1. Stamp Duty: None
  2. Processing Fee: None
  3. Late Payment Fee: None
  4. Early Settlement Fee: None
  5. Handling Fee: None
RHB Personal Financing-i for Civil Sector

RHB Personal Financing-i for Civil Sector

Profit Rate: 4.5 %

( Effective Rate: 8.29% )

Monthly Payment: RM 205

(Total Repayment: RM 12,250)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 58 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No guarantor required

Fees and charges
  1. Stamp Duty: RM10
  2. Processing Fee: RM30
  3. Late Payment Fee: 1% on outstanding loan amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Rakyat Personal Financing-i Public Sector

Bank Rakyat Personal Financing-i Public Sector

Profit Rate: 4.54 %

( Effective Rate: 8.36% )

Monthly Payment: RM 205

(Total Repayment: RM 12,270)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor is Required

    Minimum of three (3) months in service

    Takaful Insurance is Optional

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SCOP (Super Klasik B)

BSN MyRinggit-i SCOP (Super Klasik B)

Profit Rate: 4.6 %

( Effective Rate: 8.47% )

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    PDRM employees with salary account under Bahagian Akaun, KDN

    Permanent employee who has been employed for more than 3 months

    BSN GIRO/i account holder

     

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SKAP (Klasik)

BSN MyRinggit-i SKAP (Klasik)

Profit Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Permanent Federal Government Servant

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SKAP (Super Klasik B)

BSN MyRinggit-i SKAP (Super Klasik B)

Profit Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Permanent Federal Government Servant

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holder

     

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i BPA (Klasik)

BSN MyRinggit-i BPA (Klasik)

Profit Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employees of government / Statutory Bodies / selected organisations with salary deduction facility through BPA

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holder

     

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i BPA (Super Klasik B)

BSN MyRinggit-i BPA (Super Klasik B)

Profit Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employees of government / Statutory Bodies / selected organisations with salary deduction facility through BPA

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
 BSN MyRinggit-i SKAN (Klasik)

BSN MyRinggit-i SKAN (Klasik)

Profit Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    State Government Department employees with salary accounts under State Treasury / Finance Department

    Permanent employee who has been employed for above 3 months

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SKAN (Super Klasik B)

BSN MyRinggit-i SKAN (Super Klasik B)

Profit Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    State Government Department employees with salary accounts under State Treasury / Finance Department

    Permanent employee who has been employed for above 3 months

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Rakyat Personal Financing-i for Pensioner

Bank Rakyat Personal Financing-i for Pensioner

Profit Rate: 4.79 %

( Effective Rate: %)

Monthly Payment: RM 207

(Total Repayment: RM 12,395)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 55 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor is Required

    Takaful Insurance is Optional

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Financial Management Financing (FMF) for Umrah & Ziarah (Tawarruq)-i

Bank Muamalat Financial Management Financing (FMF) for Umrah & Ziarah (Tawarruq)-i

Profit Rate: 4.85 %

( Effective Rate: %)

Monthly Payment: RM 208

(Total Repayment: RM 12,425)

More About This Product
  1. Maximum loan amount: RM 50,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Federal and state government employees

    GLCs employees

    Selected organisation employees

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Public Bank BAE Personal Financing-i

Public Bank BAE Personal Financing-i

Profit Rate: 4.88 %

( Effective Rate: %)

Monthly Payment: RM 208

(Total Repayment: RM 12,440)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 20 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    For confirmed and permanent staff, Government employees an Government-linked company employees.

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% of the current outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing-i (3P Special Package, 3PS)

Bank Muamalat Personal Financing-i (3P Special Package, 3PS)

Profit Rate: 4.95 %

( Effective Rate: %)

Monthly Payment: RM 208

(Total Repayment: RM 12,475)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 45 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employment under "Tetap & Berpencen" category

    For LLP - at least 18 years in services

    For Officer - Minimum 5 years before retirement

     

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. on total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Financial Management Financing (FMF) for Membership Scheme (Tawarruq)-i

Bank Muamalat Financial Management Financing (FMF) for Membership Scheme (Tawarruq)-i

Profit Rate: 4.95 %

( Effective Rate: %)

Monthly Payment: RM 208

(Total Repayment: RM 12,475)

More About This Product
  1. Maximum loan amount: RM 10,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Government servant, confirmed staff non-government and confirmed/permanent staff

     

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. on total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Islam Personal Financing-i (Package with Fixed Rate)

Bank Islam Personal Financing-i (Package with Fixed Rate)

Profit Rate: 4.99 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,495)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Personal Financing Takaful Plan is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i ATM (Salary Deduction)

BSN MyRinggit-i ATM (Salary Deduction)

Profit Rate: 4.99 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,495)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Open to all rank of Malaysian Armed Forces (MAF) staff

    Permanent employee who has been employed for 3 months and above

    No Guarantor or No Collateral is Required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
RHB Personal Financing-i for Pensioner

RHB Personal Financing-i for Pensioner

Profit Rate: 5.0 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,500)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 55 Years Old
  4. Maximum Age: 67 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Only for Pensioners's of Malaysian Government Servant

    No Guarantor or Collateral Required

Fees and charges
  1. Stamp Duty: RM10
  2. Processing Fee: RM50
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Rakyat Personal Financing-i Private Sector

Bank Rakyat Personal Financing-i Private Sector

Profit Rate: 5.09 %

( Effective Rate: %)

Monthly Payment: RM 210

(Total Repayment: RM 12,545)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor is Required

    Takaful Insurance is Optional

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
Affin Islamic Personal Financing-i

Affin Islamic Personal Financing-i

Profit Rate: 5.5 %

( Effective Rate: %)

Monthly Payment: RM 213

(Total Repayment: RM 12,750)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 58 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Confirmed and permanent staff, Salaried employee, Government Linked-Company (GLC) and Armed Forces 

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee:
  4. Early Settlement Fee: None
  5. Handling Fee: None
Al Rajhi Personal Financing-i Secured Against Gold

Al Rajhi Personal Financing-i Secured Against Gold

Profit Rate: 5.99 %

( Effective Rate: %)

Monthly Payment: RM 217

(Total Repayment: RM 12,995)

More About This Product
  1. Maximum loan amount: RM 500,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 60 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required

    For Non Malaysian with Resident Gross Income of RM15,000 and above

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: None
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Islam Personal Financing-i (Non Package)

Bank Islam Personal Financing-i (Non Package)

Profit Rate: 6.0 %

( Effective Rate: %)

Monthly Payment: RM 217

(Total Repayment: RM 13,000)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Personal Financing Takaful Plan is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee:
  5. Handling Fee: None
KFH Murabahah Personal Financing-i Generic

KFH Murabahah Personal Financing-i Generic

Profit Rate: 6.0 %

( Effective Rate: %)

Monthly Payment: RM 217

(Total Repayment: RM 13,000)

More About This Product
  1. Maximum loan amount: RM 250,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    For Private sector only

    Minimum gross monthly income of RM 3,000.00

    Takaful is compulsory

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of the amount of arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i EKSEKUTIF-1

BSN MyRinggit-i EKSEKUTIF-1

Profit Rate: 6.0 %

( Effective Rate: %)

Monthly Payment: RM 217

(Total Repayment: RM 13,000)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Open to permanent & contract officers and staff that have minimum three (3) years of working experience

    BSN GIRO/i Account holders

    No Guarantor or No Collateral is Required

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Islam Personal Financing-i (Package with Floating Rate)

Bank Islam Personal Financing-i (Package with Floating Rate)

Profit Rate: 6.15 %

( Effective Rate: %)

Monthly Payment: RM 218

(Total Repayment: RM 13,075)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Personal Financing Takaful Plan is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i PRIMA

BSN MyRinggit-i PRIMA

Profit Rate: 6.5 %

( Effective Rate: %)

Monthly Payment: RM 221

(Total Repayment: RM 13,250)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor is Required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Al Rajhi Personal Financing-i Secured By Term Deposit

Al Rajhi Personal Financing-i Secured By Term Deposit

Profit Rate: 6.88 %

( Effective Rate: %)

Monthly Payment: RM 224

(Total Repayment: RM 13,440)

More About This Product
  1. Maximum loan amount: RM 500,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 25 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required

    Term Deposit is on Auto Renewal

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: None
  4. Early Settlement Fee: None
  5. Handling Fee: None
Al Rajhi Personal Financing-i

Al Rajhi Personal Financing-i

Profit Rate: 6.99 %

( Effective Rate: %)

Monthly Payment: RM 225

(Total Repayment: RM 13,495)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 96 Month(s)
  3. Minimum Age: 25 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required

    No Guarantor Required

    Fixed Income Earner Only

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: None
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i ATM (Non Salary Deduction)

BSN MyRinggit-i ATM (Non Salary Deduction)

Profit Rate: 6.99 %

( Effective Rate: %)

Monthly Payment: RM 225

(Total Repayment: RM 13,495)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Malaysian Armed Force (MAF) staff - Lieutenant or equivalent and above only

    Permanent employee who has been employed for 3 months and above

    No Guarantor or No Collateral is Required

    BSN GIRO/i account holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
AgroCash-i

AgroCash-i

Profit Rate: 7.2 %

( Effective Rate: %)

Monthly Payment: RM 227

(Total Repayment: RM 13,600)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Government Employee

    Government Linked-Company Employee

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: RM 30 to RM 50 (Brokerage fee)
  3. Late Payment Fee: 1% from current outstanding
  4. Early Settlement Fee: None
  5. Handling Fee: None
Affin Hajj, Umrah & Ziarah Financing-i (HUZF-i)

Affin Hajj, Umrah & Ziarah Financing-i (HUZF-i)

Profit Rate: 7.42 %

( Effective Rate: %)

Monthly Payment: RM 229

(Total Repayment: RM 13,710)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 50 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employees in public sector/GLCs and reputable private entities with permanent and confirmed job status

    Professionals practitioner such as doctors, lawyers, architects and etc

    Entrepreneurs or business owners with established income stream

    Armed forces personnel

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Islam Personal Cash Line-i (Secured against Fixed Deposit)

Bank Islam Personal Cash Line-i (Secured against Fixed Deposit)

Profit Rate: 7.85 %

( Effective Rate: %)

Monthly Payment: RM 233

(Total Repayment: RM 13,925)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Personal Cash Line-i Takaful Plan is Required

    No Guarantor is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Islam Personal Cash Line-i (Secured against Structured Investment)

Bank Islam Personal Cash Line-i (Secured against Structured Investment)

Profit Rate: 7.85 %

( Effective Rate: %)

Monthly Payment: RM 233

(Total Repayment: RM 13,925)

More About This Product
  1. Maximum loan amount: RM 160,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Personal Cash Line-i Takaful Plan is Required

    No Guarantor is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Islam Personal Cash Line-i (Secured against Unit Trust )

Bank Islam Personal Cash Line-i (Secured against Unit Trust )

Profit Rate: 7.85 %

( Effective Rate: %)

Monthly Payment: RM 233

(Total Repayment: RM 13,925)

More About This Product
  1. Maximum loan amount: RM 120,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Personal Cash Line-i Takaful Plan is Required

    No Guarantor is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Maybank Islamic Personal Financing-i

Maybank Islamic Personal Financing-i

Profit Rate: 8.0 %

( Effective Rate: %)

Monthly Payment: RM 234

(Total Repayment: RM 14,000)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 72 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Government servant

    Employee of private sector and Self-employed

Fees and charges
  1. Stamp Duty: None
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
AmBank AmMoney Line Facility-i

AmBank AmMoney Line Facility-i

Profit Rate: 8.0 %

( Effective Rate: %)

Monthly Payment: RM 234

(Total Repayment: RM 14,000)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor or No Collateral is Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Affin Education Financing-i

Affin Education Financing-i

Profit Rate: 8.1 %

( Effective Rate: %)

Monthly Payment: RM 235

(Total Repayment: RM 14,050)

More About This Product
  1. Maximum loan amount: RM 400,000.00
  2. Maximum Tenure: 180 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Student with joint applicants (parents, spouse, or sibling)

    Joint applicants must be Malaysian and 21 years old above

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% from current outstanding
  4. Early Settlement Fee: None
  5. Handling Fee: None
Al Rajhi Personal Financing-i (Corporate Community Select Programme - Salary Deduction)

Al Rajhi Personal Financing-i (Corporate Community Select Programme - Salary Deduction)

Profit Rate: 8.25 %

( Effective Rate: %)

Monthly Payment: RM 236

(Total Repayment: RM 14,125)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 25 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required

    Permanent Staff

    Minimum Length of 12 Months of Service

    No Guarantor Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: None
  4. Early Settlement Fee: None
  5. Handling Fee: None
Alliance CashVantage Financing-i (Self-Employed)

Alliance CashVantage Financing-i (Self-Employed) Islamic

Profit Rate: 8.88 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,440)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No collateral or guarantor is required

    Takaful coverage is optional

Fees and charges
  1. Stamp Duty: 0.5% of loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% on total arrears amount from due date to settlement date
  4. Early Settlement Fee: None
  5. Handling Fee: None
Alliance CashVantage Financing-i (Commission Earner)

Alliance CashVantage Financing-i (Commission Earner)

Profit Rate: 8.88 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,440)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No collateral or guarantor is required

    Takaful coverage is optional

Fees and charges
  1. Stamp Duty: 0.5% of loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% on total arrears amount from due date to settlement date
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing for Pensioner (3P) for Government Servant Pensioner (Tawarruq)-i

Bank Muamalat Personal Financing for Pensioner (3P) for Government Servant Pensioner (Tawarruq)-i

Profit Rate: 8.9 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,450)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Malaysia Armed Forces Pensioner and all Government Pensioner

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. on total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing-i (Pembiayaan Pengurusan Kewangan, PPK)

Bank Muamalat Personal Financing-i (Pembiayaan Pengurusan Kewangan, PPK)

Profit Rate: 8.9 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,450)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 45 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employment under Tetap and Berpencen Scheme

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. on total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing-i (PPK Cuepacs Debt Settlement)

Bank Muamalat Personal Financing-i (PPK Cuepacs Debt Settlement)

Profit Rate: 8.9 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,450)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 45 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employment under Tetap and Berpencen scheme

    Guarantor or collateral not required

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. on total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing-i (Education Financing)

Bank Muamalat Personal Financing-i (Education Financing)

Profit Rate: 8.9 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,450)

More About This Product
  1. Maximum loan amount: RM 50,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Confirmed employees of the Federal or State Government and permanent and confirmed employees of non-government

Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: "•1% p.a. of the overdue amount (before maturity) • IIMM% of the total outstanding principal (after maturity) "
  4. Early Settlement Fee: As per bank discreation
  5. Handling Fee: None
BSN MyRinggit-i EKSEKUTIF-1 with Floating Rate

BSN MyRinggit-i EKSEKUTIF-1 with Floating Rate

Profit Rate: 9.1 %

( Effective Rate: %)

Monthly Payment: RM 243

(Total Repayment: RM 14,550)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Open to permanent or contract Executives and above who have been employed more than one (1) year

    Employees of Government Link Company (GLC), Government Link Agency (GLA), Public Listed Company,

    Multi-National Corporation, and any organization / companies as listed by BSN

    BSN GIRO/i Account holders

    No Guarantor or No Collateral is Required

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
HSBC Amanah Personal Financing-i

HSBC Amanah Personal Financing-i

Profit Rate: 10.5 %

( Effective Rate: %)

Monthly Payment: RM 255

(Total Repayment: RM 15,250)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Monthly salary of RM3,000 applies to existing customers who have any existing relationship with HSBC Amanah. Otherwise, the minimum monthly salary is RM5,000 per month.

Fees and charges
  1. Stamp Duty: None
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: No penalty. One month notice
  5. Handling Fee: 0
Hong Leong Personal Financing-i

Hong Leong Personal Financing-i

Profit Rate: 12.0 %

( Effective Rate: %)

Monthly Payment: RM 267

(Total Repayment: RM 16,000)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    For Malaysian citizens employed as a Government servant, employee of a private sector organization, or self-employed.

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Standard Chartered Personal Financing-i

Standard Chartered Personal Financing-i

Profit Rate: 13.0 %

( Effective Rate: %)

Monthly Payment: RM 275

(Total Repayment: RM 16,500)

More About This Product
  1. Maximum loan amount: RM 250,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Guarantor is not required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% from current outstanding account
  4. Early Settlement Fee: None
  5. Handling Fee: None
 AEON i-Cash Personal Financing for AEON Credit Card Principal Cardholders

AEON i-Cash Personal Financing for AEON Credit Card Principal Cardholders

Profit Rate: 14.4 %

( Effective Rate: %)

Monthly Payment: RM 287

(Total Repayment: RM 17,200)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    AEON Credit Card Principal Cardholders Only

Fees and charges
  1. Stamp Duty: 0.5% of financing amount
  2. Processing Fee: 2% - 4% of the financing amount, maximum fee is RM400
  3. Late Payment Fee: RM18 to RM40, subject to terms and conditions
  4. Early Settlement Fee: None
  5. Handling Fee: None
 AEON i-Cash Personal Financing for AEON Express Cardholders

AEON i-Cash Personal Financing for AEON Express Cardholders

Profit Rate: 14.4 %

( Effective Rate: %)

Monthly Payment: RM 287

(Total Repayment: RM 17,200)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    AEON Express Cardholders, Employed or Self-employed

Fees and charges
  1. Stamp Duty: 0.5% of financing amount
  2. Processing Fee: 2% - 4% of the financing amount, maximum fee is RM400
  3. Late Payment Fee: RM18 to RM40, subject to terms and conditions
  4. Early Settlement Fee: None
  5. Handling Fee: None
 AEON i-Cash Personal Financing for Non-AEON Cardholders

AEON i-Cash Personal Financing for Non-AEON Cardholders

Profit Rate: 18.0 %

( Effective Rate: %)

Monthly Payment: RM 317

(Total Repayment: RM 19,000)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 84 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Non-AEON Cardholders or New Customers Only

Fees and charges
  1. Stamp Duty: 0.5% of financing amount
  2. Processing Fee: 2% - 4% of the financing amount, maximum fee is RM400
  3. Late Payment Fee: RM18 to RM40, subject to terms and conditions
  4. Early Settlement Fee: None
  5. Handling Fee: None
CIMB Xpress Cash Financing-i (Fixed Income Earner)

CIMB Xpress Cash Financing-i (Fixed Income Earner)

Profit Rate: 18.0 %

( Effective Rate: %)

Monthly Payment: RM 317

(Total Repayment: RM 19,000)

More About This Product
  1. Maximum loan amount: RM 50,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    At least 6 months of employment

    Takaful coverage is needed

Fees and charges
  1. Stamp Duty: 0.5% of loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
CIMB Xpress Cash Financing-i (Variable Income Earner)

CIMB Xpress Cash Financing-i (Variable Income Earner)

Profit Rate: 18.0 %

( Effective Rate: %)

Monthly Payment: RM 317

(Total Repayment: RM 19,000)

More About This Product
  1. Maximum loan amount: RM 50,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    At least 6 months of employment

    Takaful coverage is needed

Fees and charges
  1. Stamp Duty: 0.5% of loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
CIMB Xpress Cash Financing-i (Self-Employed)

CIMB Xpress Cash Financing-i (Self-Employed)

Profit Rate: 18.0 %

( Effective Rate: %)

Monthly Payment: RM 317

(Total Repayment: RM 19,000)

More About This Product
  1. Maximum loan amount: RM 50,000.00
  2. Maximum Tenure: 60 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    At least 6 months of business establishment

    Takaful coverage is needed

Fees and charges
  1. Stamp Duty: 0.5% of loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
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Frequently Asked Questions (FAQ)

Islamic personal financing in Malaysia is based on the concept of Bai’ Al-‘Inah. It is a concept which involves selling on a deferred payment basis. A seller (bank) will sell to a buyer (client) in cash. The seller will later buy back the transaction on a deferred payment basis, where the price is higher than the buying back an asset by a seller (bank) cash price. It can also be applied when a seller sells to a buyer on a deferred basis. A seller will later buy back the transaction on a cash basis at a price which is lower than the deferred price, thus the transaction amounts to a loan. In personal financing, the asset involved in the Bai’Al-‘Inah concept of buying and selling would be the cash.

Other Shariah concepts used by Islamic banks is the Shariah principle of Murabahah via Tawarruq for personal financing. By definition, Murabahah is a type of sale where the commodity is sold for cash or at a deferred price. Tawarruq refers to purchasing an asset with a deferred price, and then selling it to a third party to obtain cash.

Islamic banks will then charge customers an amount known as a ‘profit rate’ (essentially an interest rate) for providing them with a personal financing facility. This is because charging interest is not allowed in Islamic banking. Islamic banking uses the term profit rate rather than interest rate because of the way the financing is structured. Therefore, unlike personal loans offered by conventional banks, which have interest rates, Islamic banks will offer personal financing with a profit rate that will be defined in the personal financing contract.

Islamic Personal Financing Conventional Personal Loan
Refer as personal financing Refer as personal loan
Based on the concept of seller and buyer Based on the concept of borrower and lender
Bank must bear some risk to earn returns Customers bear all risk of the loan
Compound charge is prohibited Compound charging is allowed and practised
Profit rate is charged Interest fee is charged
Governed and regulated by Bank Negara Malaysia and Shariah Committee Governed and regulated by Bank Negara Malaysia only
The bank cannot cancel the contract at their sole discretion The bank can cancel the contract at their sole discretion

Islamic personal financing or Islamic loans are easily recognized based on the name of the loan. All loans ending with the ‘i’ suffix are considered as Islamic loans even without the word Islamic itself. For example, Al-Rajhi Personal Financing-i. However, there might be certain cases where Islamic bank may not affix an ‘i’ to their loan products, since it is generally understood that any Islamic institutions would be providing shariah-compliant financing products.

- Lower late payment charges
The late charges are lower than what is charged by conventional loans. This is because compounding interest is prohibited by Shariah, which is why the late charges will be lower. The late payment charges for Islamic Banking in Malaysia is based on the Ta’widh concept, and is subject to the maximum rate of 1% per annum.

- Fixed repayment amount
Another benefit is the amount to be paid by the customer is fixed for the entire period at the beginning of the term. This means it does not increase even if the financing term is subsequently increased.

Yes, both Muslims and non-Muslims can use the benefits and features of Islamic banking products and services.

Applicants will have to be

  • Malaysian citizens
  • Aged 21 years old and above
  • A guarantor may or may not needed depending on the bank 
Unemployed, retirees and expats are not eligible for an Islamic personal financing as they are deemed too risky.

Employed:

  • Copy of NRIC
  • Latest 3 months’ salary slips
  • Latest 3 months’ bank statements which must be tally with salary slip
  • EPF statements
  • Additional supporting documents as per request by each banks
Self-employed and Business Owner:
  • Copy of NRIC
  • Latest BE form with official tax receipt
  • Copies of Business Registration
  • Form 9, 24, 49 for company
  • Audited Balance Sheet & P&L OR Latest 6 months’ Bank Statements
  • Additional supporting documents as per request by each banks