RM
year(s)
RM
- You Pay
- RM 89 /mth
- Profit Rate
- Total Profit Payable
- RM 70
- Total payment
- RM 1,070
Bank Islam Personal Financing-i (Non-Package)
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- Profit Rate
- 4.50% p.a.
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- Max. Financing Amount
- RM 150,000
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- Approval Duration
- Up to 5 business days
Calculate your financing payment instantly
Key Features
Approved loan amount of up to RM150,000.
Interest rate starting at 4.5% per annum.
Applicant covered by Takaful protection.
More details
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Features- Approval Duration
- Up to 5 business days
- Min. Financing Amount
- RM 10,000
- Max. Financing Amount
- RM 150,000
Other features
- Maximum Financing Tenure
- 10 years
- Debt Consolidation
- No
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Eligibility/Documents- Age Requirement
- 18-60 years old
- Min. Monthly Salary
- RM 3,500
Other eligibility requirements
- Linked Bank Account
- Optional
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Fees and charges- Processing Fees
- Free
- Stamp Duty
- As per Stamp Duty Act 1949 (Revised 1989)
Other fees and charges
- Late Payment Charges
- 1% on outstanding loan amount
Prefer to talk to our customer care agents?
How do you apply for a personal financing online?
Step 1
Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.
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
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
Review by iMoney
Bank Islam Personal Financing-i (Non-Package) is a personal loan for Malaysian citizens working in Public Listed Companies only that are looking for a financing amount of up to RM 150,000. It also has a relatively low installment and decent financing with a medium gross income requirement of RM3,500 per month.
Best for: Personal use including your kid’s education fund
Income requirements: Minimum RM 3,500/month.
Pros:
- Maximum financing amount of RM 150,000
- Low income requirement (RM3,500/month)
- Wide age range eligibility (18 – 60 years old)
- No guarantor required
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You can borrow up to RM 150,000.
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10 years.
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Income: Minimum gross income of RM3,500. Gross salary means salary before monthly deductions such as income tax and Employees Provident Fund (EPF) contribution. Only fixed income earners are eligible.
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- Malaysian citizen
- Age: 18 – 60 years old
- Minimum gross income of RM3,500
- Maximum loan of RM 150,000
- Encouraged to have Takaful coverage
- Must be employed in Public Listed Companies only
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Once you have completed your application with iMoney, you are required to provide the following documents for your application:
- Front & back copy of NRIC
- 3 months’ (most current) salary slips
- Employment Letter
- 3 months (most current) bank statements
- EPF statement with at least 6 months contribution (latest not more than 1 year), OR
- Latest EA Statement, OR
- Latest Tax Returns and Tax receipts
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Bank Islam will approve an application within 7 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, Bank Islam can approve and disburse to you within 7 days.
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You can check your financing status by contacting the customer centre right here.
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Financing Rate Offer With Takaful Coverage
Flat Rate
1 – 3 years : 4.5% p.a. (Flat). (Profit is calculated on a monthly basis based on “Sum of Digit”)
4 – 8 years : 4.9% p.a (Flat). (Profit is calculated on a monthly basis based on “Sum of Digit”)
9 – 10 years : 5.50% p.a. (Flat). (Profit is calculated on a monthly basis based on “Sum of Digit”)
Financing Rate Offer Without Takaful Coverage
Flat Rate
1 – 3 years : 5.5% p.a. (Flat). (Profit is calculated on a monthly basis based on “Sum of Digit”)
4 – 8 years : 5.9% p.a (Flat). (Profit is calculated on a monthly basis based on “Sum of Digit”)
9 – 10 years : 6.5% p.a. (Flat). (Profit is calculated on a monthly basis based on “Sum of Digit”)
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Advance Payment: Equivalent to 2 months of installment
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
* 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.
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Yes you can, and the bank requires an advance payment equivalent to 2 months instalment.
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Bank Islam may require a guarantor(s) or collateral(s) should the minimum credit requirement is not met.
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Unfortunately, no. Bank Islam 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.
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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.
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