AEON i-Cash Personal Financing FAQ
What is the maximum amount you can borrow?
Borrowable amount of up to RM100,000 for a maximum financing tenure of seven years.
Applicant must be between the age 18 to 60 above to qualify.
Applicant must be a Malaysian citizen employed as a Government servant, employee of a private sector organization, or self-employed with a minimum gross salary of RM1,500 per month.
The catch?
Applicant must be a Malaysian citizen only.
Get your cash disbursement anytime 24/7 upon approval.
Based on Shariah principle.
No early settlement fee and handling fee.
What will it cost you and how will you be charged?
One time set-up fee:
0.5% stamp duty fee is applicable as per Stamp Duty Act 1949 (Revised 1989) to be deducted upfront before financing disbursement.
Processing Fee:
Maximum processing fee to be paid up to RM400.
Recurring payments:
Monthly payment comprising principal amount and profit charge. For financing tenure of 1 - 7 years, the profit rate ranging from 7.92% to 18.00%.
Late penalty charge:
In compliant with AEON Credit Service Shariah ruling.
Penalties:
Late payment charges ranging from RM18 - RM40. Late payment charges will increase your total outstanding financing amount.
How long will the application take and what documentations are required?
Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.
Thereafter, AEON Credit Service will contact you within the same business day and will request you to furnish required documents.
Customer will be informed on their application status (Approve/Decline) via SMS by AEON Credit Service. If application is approved, AEON representative will contact customer to sign the Sales and Purchase Agreement at the nearest AEON Credit Service branch.
Funds will be transferred to customers Saving Account or Current Account.
The decision of providing financing approval is solely from AEON Credit Service.
You are required to furnish the following documents for your financing application:
If you are a salaried employee, please prepare the following:
Copy of NRIC (front and back)
3 months salary slip
Most current EPF Statement with latest 6 month contribution
Latest bank saving account passbook or current/savings account statement
If you are self-employed, please prepare the following:
Copy of NRIC (front and back)
Business Registration Certificate (must be at least 1 years in business)
Latest 6 months' Company principle Current Account or Latest updated bank statements
Most recent Form BE/E and Tax payment receipt from LHDN
Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?
No, you are required to settle all overdue payments before applying. It is advised that you continue repaying your financing on time for another three months before reapplying.
If you are looking for other personal loans, you may also consider
Hong Leong Islamic Personal Financing-I
The personal loan rate for Hong Leong Islamic Personal Financing-I starts from 12% p.a. It has a maximum tenure of 5 years. The personal loan also comes with a minimum income requirement of RM2,000.
UOB Personal Loan
With UOB Personal Loan, the personal loan comes with an fixed interest rate starting from 9.99% p.a. This personal loan has a maximum tenure of 5 years. It also comes with a minimum income requirement of RM2,000.
Maybank Islamic Personal Financing-i
Maybank Islamic Personal Financing-i has a flat interest rate starting from 7% p.a. The maximum tenure for this personal loan is 6 years. It also comes with a minimum income requirement of RM2,500.
AEON i-Cash Personal Financing
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