{"id":70330,"date":"2026-05-21T11:45:19","date_gmt":"2026-05-21T03:45:19","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=70330"},"modified":"2026-05-21T11:45:19","modified_gmt":"2026-05-21T03:45:19","slug":"mbsb-personal-financing-i-overview","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/mbsb-personal-financing-i-overview","title":{"rendered":"MBSB Personal Financing-i Overview: Shariah-Compliant Financing Up to RM300,000"},"content":{"rendered":"

MBSB Bank Berhad is a licensed Islamic bank regulated under the Islamic Financial Services Act 2013 (IFSA), supervised by Bank Negara Malaysia. Its Personal Financing-i product is one of the higher-ceiling Shariah-compliant personal financing options available in Malaysia, offering up to RM300,000 with tenure of up to 10 years, making it relevant for borrowers who need more than what most conventional personal loans offer.<\/span><\/p>\n

This overview covers the profit rate structure, Tawarruq contract, ibra’ rebate, repayment methods, DSR calculation, Takaful coverage, and what to watch out for before applying.<\/span><\/p>\n

Before applying, check where you stand first: <\/span>run a free iMoney Pre-Screening check<\/span><\/a>.<\/div><\/div><\/span><\/p>\n

<\/span>MBSB Personal Financing-i: At a Glance<\/b><\/span><\/h2>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Feature<\/strong><\/th>Details<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Product<\/td>MBSB Personal Financing-i (Private Sector-i)<\/td>\n<\/tr>\n
Shariah Contract<\/td>Tawarruq (commodity murabahah)<\/td>\n<\/tr>\n
Max Financing<\/td>Up to RM300,000<\/td>\n<\/tr>\n
Min Financing<\/td>RM5,000 (indicative)<\/td>\n<\/tr>\n
Tenure<\/td>Up to 10 years<\/td>\n<\/tr>\n
Profit Rate<\/td>Variable, pegged to SBR (2.75% p.a. as at Jul 2025); from 11.60% p.a. effective \/ 6.29% p.a. flat (3-year tenure)<\/td>\n<\/tr>\n
Rate Ceiling<\/td>15% p.a. effective<\/td>\n<\/tr>\n
Min Income (Fixed)<\/td>RM3,500\/month<\/td>\n<\/tr>\n
Min Income (Variable)<\/td>RM5,000\/month<\/td>\n<\/tr>\n
Age Eligibility<\/td>21\u201360 years old upon facility expiry (private sector)<\/td>\n<\/tr>\n
Who Can Apply?<\/td>Civil servants, GLC, state GLC, MNC, listed company, private sector employees<\/td>\n<\/tr>\n
Repayment Methods<\/td>ANGKASA, AG, AutoDebit, IBG\/IBFT, branch<\/td>\n<\/tr>\n
Takaful Coverage<\/td>Optional \u2013 Group Credit Family Takaful (GCFT)<\/td>\n<\/tr>\n
Ibra' (Early Rebate)<\/td>Applicable on early full settlement<\/td>\n<\/tr>\n
Approval<\/td>Subject to MBSB Bank's credit assessment<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Rate disclaimer:<\/strong> Profit rates are variable and pegged to the Standardised Base Rate (SBR), currently 2.75% p.a. as at July 2025, subject to change by Bank Negara Malaysia. The indicative rate of 11.60% p.a. effective \/ 6.29% p.a. flat applies to a 3-year tenure profile and is sourced from MBSB Bank’s published Product Disclosure Sheet (PDS). Actual rate offered depends on applicant profile, tenure, and bank’s credit assessment. Rate ceiling is 15% p.a. effective.<\/span><\/em><\/p>\n

<\/span>What Is MBSB Personal Financing-i?<\/b><\/span><\/h2>\n

MBSB Personal Financing-i is an unsecured Islamic personal financing product available to salaried employees across civil service, GLCs, MNCs, listed companies, and the broader private sector. It does not require property collateral, though the bank assesses income, employer profile, CCRIS\/CTOS credit record, existing debt, and DSR before approving.<\/span><\/p>\n

How Does the Tawarruq Contract Work?<\/b><\/h3>\n

MBSB Personal Financing-i is structured under Tawarruq (commodity murabahah), one of the most widely used Shariah financing contracts in Malaysia, endorsed by the Shariah Advisory Council of Bank Negara Malaysia. Under Tawarruq, the bank purchases a commodity on your behalf and sells it to you at a marked-up price (inclusive of profit) on a deferred payment basis. You then sell the commodity in the open market for immediate cash \u2014 this becomes your financing amount. The profit rate is fixed in the contract, making your monthly instalments predictable throughout the tenure.<\/span><\/p>\n

For background on Islamic finance regulation in Malaysia, refer to <\/span>Bank Negara Malaysia’s Islamic Finance overview<\/span><\/a>.<\/span><\/p>\n

<\/span>What Is the Profit Rate for MBSB Personal Financing-i?<\/b><\/span><\/h2>\n

The profit rate is variable and pegged to the SBR. Based on MBSB Bank’s published PDS, indicative rates start from 11.60% p.a. effective (6.29% p.a. flat) for a 3-year tenure. The rate ceiling is 15% p.a. effective, the maximum you could be charged regardless of SBR movements. Your actual offered rate depends on your credit profile, income, tenure, and employer category.<\/span><\/p>\n

What Does Variable Rate Mean for Your Monthly Instalment?<\/b><\/h3>\n

Unlike a fixed-rate financing, a variable rate can change if the SBR is adjusted by Bank Negara Malaysia. This means your monthly instalment could increase or decrease over the tenure. Before committing, model how your repayment would look if the rate moved up by 0.5% or 1.0%, and ensure your budget can absorb the change.<\/span><\/p>\n

Indicative Monthly Instalment Examples<\/b><\/h3>\n

The table below illustrates approximate monthly instalments using the indicative 6.29% p.a. flat rate. These are for reference only, your actual instalment depends on the rate offered at approval.<\/span><\/p>\n

\n\n\n\n\t\n\n\t\n\t\n\t
Financing Amount<\/strong><\/th>Tenure<\/strong><\/th>Indicative Monthly Instalment*<\/strong><\/th>Indicative Monthly Instalment*<\/strong><\/th>\n<\/tr>\n<\/thead>\n
RM50,000<\/td>5 years<\/td>~RM1,095\/month<\/td>~RM1,095\/month<\/td>\n<\/tr>\n
RM100,000<\/td>7 years<\/td>~RM1,715\/month<\/td>~RM1,715\/month<\/td>\n<\/tr>\n
RM150,000<\/td>10 years<\/td>~RM2,036\/month<\/td>~RM2,036\/month<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/span><\/p>\n

*Illustrative only. Calculated using 6.29% p.a. flat rate from MBSB Bank’s PDS. Actual instalment, total payable, and profit rate are subject to bank’s final assessment and signed agreement.<\/span><\/em><\/p>\n

<\/span>What Are the Fees and Charges?<\/b><\/span><\/h2>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Fee \/ Charge<\/strong><\/th>Details<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Stamp Duty<\/td>0.5% of financing amount (statutory, per Stamp Act 1949)<\/td>\n<\/tr>\n
Late Payment Compensation<\/td>1% p.a. on the outstanding overdue amount<\/td>\n<\/tr>\n
Early Settlement<\/td>Ibra' (rebate on unearned profit) applies - no penalty for early settlement<\/td>\n<\/tr>\n
Processing Fee<\/td>Refer to MBSB Bank's Product Disclosure Sheet<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

What Is Ibra’ (Early Settlement Rebate)?<\/b><\/h3>\n

Ibra’ is a key differentiator of Islamic personal financing versus conventional loans. If you settle your financing before the tenure ends, you are entitled to a rebate on the unearned portion of the profit, meaning you only pay for the financing period you actually used. Under BNM’s guidelines, Islamic finance providers must clearly disclose ibra’ terms in the Product Disclosure Sheet. In practice, this can make early settlement significantly more cost-effective than on a conventional loan where break costs or penalties may apply.<\/span><\/p>\n

Learn more: <\/span>How early settlement works for Islamic personal financing in Malaysia<\/span><\/a>.<\/span><\/p>\n

<\/span>Does MBSB Personal Financing-i Come With Takaful Coverage?<\/b><\/span><\/h2>\n

Optional Group Credit Family Takaful (GCFT) coverage is available. This covers your outstanding financing balance in the event of death or total permanent disability, protecting your family from inheriting the debt. Whether to opt in depends on your existing insurance or takaful coverage and personal circumstances. The cost of GCFT, if added, will be included in your total financing amount.<\/span><\/p>\n

<\/span>How Can You Repay MBSB Personal Financing-i?<\/b><\/span><\/h2>\n

MBSB offers multiple repayment channels depending on your employment category:<\/span><\/p>\n