• Interest Rate (p.a.)

    4.99% - 4.99%

  • Loan Tenure

    1 - 10 years

  • Approval Duration

    Up to 5 business days

  • Min. monthly income


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What's so great about Bank Islam Personal Financing-i (Package)?
  • Approved loan amount of up to RM200,000.
  • Interest rate starting at 4.99% per annum.
  • Applicant covered by Takaful protection.

Product Features

Min. financing amountRM10,000
Max.financing amount Up to 5x fixed monthly salary or up to RM200,000
Min. loan tenure1 year
Max. loan tenureUp to 10 years
Interest rateFlat rate from 4.99% or floating rate of BR + 1.30% or BR + 2.60% per annum
Approval durationUp to 5 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing feeN/A
Stamp dutyAs per Stamp Duty Act 1949 (Revised 1989)
Disbursement & misc. feeRM50 for being customer's agent to sell commodity to the broker
Early settlementN/A
Late payment charges1% on outstanding loan amount


Age requirementAge 18 - 60
Employment eligibilityGovernment servants, and employees of selected private and public listed organizations and its subsidiaries
Min. salary requirementRM2,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?Optional
Need to buy Takaful product?Yes

Product Review byiMoney


If you are looking for an Islamic personal loan with a longer duration of repayment period (up to 10 years), you may apply for the Bank Islam Personal Financing-i (Package). This personal loan is focused on government servants and employees of selected private, public listed and its subsidiaries. The approval duration would be around 5 business days and there will be no processing fee and no early settlement penalty charges but there will be a stamp duty fee, Wakalah (agency) fee and also there will be late payment charges of 1% on outstanding loan amount.

On top of that you will are not required to have any guarantor or collateral in order to apply for this application. You are entitled to enjoy a flat interest rate from 4.99% per annum or floating interest rate of BR + 1.30% or BR + 2.60% per annum and the interest rate is all determined based on your loan amount that you apply (the higher the loan amount, the lower the interest rate). You may finance a minimum amount of RM10,000 up to RM200,000 OR up to 5x of your fixed monthly salary. To be eligible to apply for this loan, your minimum monthly gross income should be at least RM2,000 and you must be at least 18 years old. Take note that you must not exceed retirement age at the end of the loan tenure. You will also need a good credit record (CTOS/CCRIS) that means all of your overdue payments for all commitments should be settled off.

Bank Islam Personal Financing-i (Package) FAQ

What is the maximum amount you can borrow?

Borrowable amount of up to five times your fixed monthly gross salary or RM200,000 for a maximum loan tenure of 10 years.

The catch?

Applicant must be a Malaysian citizen aged 18 and above to qualify. Applicant must not exceed retirement age at the end of the loan tenure.

Applicant must be self-employed or a full-time employee of

    • Government sector
    • Selected public listed companies
    • Subsidiaries of Government or selected public listed company
    • Other prominent private limited companies as categorized under package companies listed by Bank Islam

    Takaful protection is compulsory.

    What will it cost you and how will you be charged?

    One time set-up fee:
  • Stamp duty as per Stamp Act 1949 (revised 1989) and Wakalah (agency) fee of RM50 to be deducted upfront before loan disbursement. No other set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via monthly salary deduction, auto-debit fund transfer, or standing instruction deduction. You may opt for fixed interest rate or floating interest rate with rates as follows:
  • Flat rate:

    For loan tenure of 1 year to 10 years:
  • Fixed interest rate from 4.99% per annum (0.42% per month) throughout the entire loan tenure.
  • Floating rate:

    Current Base Rate (BR) determined by Bank Negara Malaysia is 3.90% per annum.

    For loan tenure of 1 year to 3 years:
  • Floating interest rate of 3.90% (BR) + 1.30% per annum (0.43 per month)
  • For loan tenure of 4 years to 10 years:
  • Floating interest rate of 3.90% (BR) + 2.60% per annum (0.54% per month)
  • Penalties:
  • Late payment charges of 1% on outstanding loan amount. Late payment charges will increase your total outstanding loan amount.
  • No early settlement penalty imposed.
  • Calculate the cost of taking up this loan using our calculator

    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, Bank Islam will require an average of five business days (not including Saturdays, Sundays, and public holidays) before approval or disbursement.

    You are required to furnish the following documents for your loan application:

    Salaried applicant:
    • Copy of NRIC (front and back)
    • 3 months (most current) salary slips
    • Employee confirmation letter by your current employer
    • Any of the documents below (choose one):
      • B/BE/EA/EC form with tax payment receipts attached (most current)
      • 3 months (most current) bank statements
      • EPF statement (most current)
    Self-employed applicant:
    • Copy of NRIC (front and back)
    • Business Registration Certificate
    • 6 months (most current) bank statements
    • 2 years (most current) financial statements
    • B/BE/EA/EC form with tax payment receipts attached (most current)

    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 loans on time for another three months before reapplying.

    If you are looking for other personal loans, you may also consider
    AmBank Islamic Personal Financing-i
  • The personal loan rate for AmBank Islamic Personal Financing-i starts from 5.1% p.a. It has a maximum tenure of 10 years. The personal loan also comes with a minimum income requirement of RM1,500.
  • Bank Islam Personal Financing-i (Package)
  • With Bank Islam Personal Financing-i (Package), the personal loan comes with an fixed interest rate starting from 4.9% p.a. This personal loan has a maximum tenure of 10 years. It also comes with a minimum income requirement of RM2,000.
  • BSN AFLAH PRIMA Personal Financing-i
  • BSN AFLAH PRIMA Personal Financing-i has a flat interest rate starting from 6.50% p.a. The maximum tenure for this personal loan is 10 years. It also comes with a minimum income requirement of RM3,000.