Bank Islam Personal Financing-i (Package)

  • Profit Rate
    4.99% p.a.
  • Max. Financing Amount
    RM 300,000
  • Approval Duration
    Up to 5 business days

Calculate your financing repayment instantly

RM
year(s)
RM
You Pay
RM 89 /mth
Profit Rate
Total Profit Payable
RM 70
Total Repayment
RM 1,070

Key Features

Approved loan amount of up to RM300,000.

Approved loan amount of up to RM300,000.

Interest rate starting at 4.99% per annum.

Interest rate starting at 4.99% per annum.

Interest rate starting at 4.99% per annum.

Applicant covered by Takaful protection.

More details

  • icon Features Features

    Approval Duration
    Up to 5 business days
    Min. Financing Amount
    RM 10,000
    Max. Financing Amount
    RM 300,000

    Other features

    Maximum Financing Tenure
    Up to 10 years
    Debt Consolidation
    No

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    18-60 years old
    Min. Monthly Salary
    RM 2,000

    Other eligibility requirements

    Linked Bank Account
    Optional

  • icon Fees and charges Fees and charges

    Processing Fees
    N/A
    Stamp Duty
    As per Stamp Duty Act 1949 (Revised 1989)

    Other Fees and charges

    Late Payment Charges
    1% on outstanding loan amount

If you're not sure which loan is right for you, we can help!

How do you apply for a personal financing online?

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Step 1

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

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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.

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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.

Review by iMoney

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.

  • 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 ofGovernment sectorSelected public listed companiesSubsidiaries of Government or selected public listed companyOther prominent private limited companies as categorized under package companies listed by Bank IslamTakaful protection is compulsory.