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AmBank Islamic Logo
  • Overview
  • Features
  • Eligibility
  • Fees and charges
  • Review
AmBank Islamic Logo

AmBank Islamic Personal Financing-i

AmBank Islamic Logo
  • Islamic Financing
  • Low Income
  • Profit Rate
    4.08% p.a. ~ 7.90% p.a.
  • Max. Financing Amount
    RM 200,000
  • Approval Duration
    2 business days

Calculate your financing repayment instantly

RM
Your amount should be between 5,000 and 200,000
year(s)
RM
Your salary should be between 1,500 and 200,000
You Pay
RM 89 /mth
Profit Rate
Total Profit Payable
RM 70
Total Repayment
RM 1,070

Key Features

Approved financing amount of up to RM200,000

Approved financing amount of up to RM200,000

Fixed profit rate starting at 4.08% per annum

Fixed profit rate starting at 4.08% per annum

Fixed profit rate starting at 4.08% per annum

Takaful protection included

More details

  • icon Features Features

    Approval Duration
    2 business days
    Min. Financing Amount
    RM 5,000
    Max. Financing Amount
    RM 200,000

    Other features

    Min Financing Tenure
    2 years
    Max Financing Tenure
    10 years
    Profit Rate
    Fixed rate of 4.08% per annum; subject to credit review by AmBank Islamic
  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    18-58 years old
    Min. Monthly Salary
    RM 1,500

    Other eligibility requirements

    Guarantor Collateral Requirement
    N/A
    Need to open linked bank account?
    No
  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    As per Stamp Duty Act 1949 (Revised 1989)

    Other fees and charges

    Early Settlement
    N/A
    Late Payment Charges
    1% on outstanding financing amount
Last updated: May 24, 2022

Prefer to talk to our customer care agents?

How do you apply for a personal financing online?

Step 1 Image

Step 1

Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.

Step 2 Image

Step 2

Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.

Step 3 Image

Step 3

Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.

Read more about Islamic Personal Financing

More tips for you

Review by iMoney

Ambank Islamic Personal Financing-i is a personal loan for Malaysian citizens that are looking for a financing amount of up to RM 200,000. It also has a relatively low installment (as low as 4.08%) and decent financing with a low gross income requirement of RM1,500 per month.

Best for: Personal use including your kid’s education fund

Income requirements: Minimum RM 1,500/month.

Pros:

  • Maximum financing amount of RM 200,000
  • Low income requirement (RM1,500/month)
  • Wide age range eligibility (18 – 60 years old)
  • Debt consolidation available
  • No guarantor required
  • Rebate on early settlement
  • You can apply for the AmBank Islamic Personal Financing-i right here.

  • You can borrow up to RM 200,000.

  • 10 years.

  • AmBank Islamic Personal Financing-i is open for;

    • Malaysian citizens between 18-60 years old
    • Working for at least three (3) months
    • Income less than RM1500
  • Ambank Islamic will approve an application within 3 days, provided that full documentation and information are submitted.

    To speed up the process, you can apply through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.

    After we submit your documents and information, Ambank Islamic can approve and disburse to you within 3 days.

  • Once you have completed your application with iMoney, you are required to provide the following documents for your application:

    • Front & back copy of NRIC
    • Copy of current or previous’ month’s salary slips, OR
    • Copy of bank statements showing salary credited, OR
    • EPF statement, OR
    • Latest EA Statement, OR
    • Latest Tax Returns and Tax receipts, OR
    • BE Form, OR
    • Letter of Employment (if employed less than 3 months)
  • You can calculate your monthly repayments using the AmBank Islamic Personal Financing-i calculator right here. All you have to do is key in the financing amount and the tenure duration you'd like.

  • The amount you have to pay depends on the financing amount you applied for and the tenure period of the financing amount.

  • Stamp duty: 0.5% of total financing as contained in the Stamp Duty Act 1949

    Late payment charge: 1% per year on the outstanding payment

    For example, the fee is calculated as follow:
    Late payment charge = Outstanding monthly instalment X 1% X number of days outstanding/365 days

    * The charges will not be compounded

    Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.

  • For civil servant and staff of selected statutory bodies or GLCs, you can pay through the Biro Perkhidmatan Angkasa (BPA): Salary deduction, while for other employees, you can pay via Auto Debit / Standing Instruction via AmBank Islamic Current / Savings account-i, Autopay via AmBank@Work or payroll solution or ​​​Via HR Direct Salary Deduction

  • Early settlement in full is allowed at any point of time before its maturity. A rebate (Ibra’) may be given at the financial institution's discretion.

  • There's no downloadable application form, but you can apply for the AmBank Islamic Personal Financing online right here.

  • Yes, Takaful contribution is required for this financing solution. The amount is determined by your age, financing amount, and the tenure period.

  • You can find the AmBank Islamic Personal Financing table right here.

  • Unfortunately, no. Ambank Islamic will check your credit history as part of their approval process. You are required to settle all overdue payments before applying and keep a healthy credit record before you apply for any personal financing or loan. We also highly recommend that you continue repaying your loans on time for another three months before reapplying.

    Check your iMoney CreditScore for free to find out how your credit health is.

  • Bank Rakyat Personal Financing-i (Private Sector)

    Bank Rakyat Personal Financing-i Private Sector is a guarantor-free personal loan that offers a financing amount of up to RM 150,000. It also has a relatively low instalment and decent financing with a relatively low gross income requirement of RM2,000 per month.

    Bank Rakyat Personal Financing-i (Public Sector)

    Bank Rakyat Personal Financing-i Public Sector is a personal loan for Malaysian citizens that are in the public sector, GLC companies and GLC subsidiaries. This personal loan offers a financing amount of up to RM 200,000. It also has a relatively low instalment and decent financing with a relatively low gross income requirement of RM1,000 per month.