HSBC Amanah Personal Financing-i

  • Profit Rate
    10.50% p.a. ~ 12.50% p.a.
  • Max. Financing Amount
    RM 250,000
  • Approval Duration
    Up to 3 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 financing amount of up to RM250,000

Approved financing amount of up to RM250,000

Fixed profit rate as low as 6% p.a

Fixed profit rate as low as 6% p.a

Fixed profit rate as low as 6% p.a

Instant cash disbursement upon approval

More details

  • icon Features Features

    Approval Duration
    Up to 3 business days
    Min. Financing Amount
    RM 6,000
    Max. Financing Amount
    RM 250,000

    Other features

    Maximum Financing Tenure
    7 years
    Debt Consolidation
    Yes

  • icon Eligibility/Documents Eligibility/Documents

    Employment Eligibility
    Salaried, self employed, commission earner
    Age Requirement
    21-60 years old
    Min. Monthly Salary
    RM 3,000

    Other eligibility requirements

    Linked Bank Account
    Yes
    NRIC
    Front and Back
    Salary Slip
    1 month
    EPF Statement
    6 months
    Appointment Letter
    If less than 3 months employment

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    Free

    Other fees and charges

    Late Payment Charges
    1% p.a. on outstanding amount
Last updated: May 24, 2022

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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

HSBC Amanah Personal Financing-i is a personal loan for Malaysian citizens or Malaysian PR holders that are looking for a financing amount of up to RM 250,000. It also has a relatively low instalment (as low as 7.5%) and decent financing with a medium gross income requirement of RM3,000 per month.

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

Income requirements: Minimum RM 3,000/month.

Pros:

  • Maximum financing amount of RM 250,000
  • Low income requirement (RM3,000/month)
  • Wide age range eligibility (21 – 60 years old)
  • Debt consolidation available
  • No guarantor required
  • No stamp duty, no processing fee and no early settlement fee

  • HSBC Amanah Personal Financing-i is HSBC's islamic financing solution, which follows the shariah concept of Commodity Murabahah which refers to an arrangement to purchase and sell Shariah compliant commodities whereby the cost and profit margin (mark-up) are made known and agreed by all parties involved.

  • HSBC Amanah Personal Financing-i offers a lot of advantages compared to their competitors, such as a high financing amount, competitive profit rates, and a fast approval time.

  • You can apply for HSBC Amanah Personal Financing-i right here.

  • You can borrow up to RM 250,000.

  • 7 years.

  • HSBC Amanah Personal Financing-i is open for any Malaysian or Malaysian PR between 21-60 years old with an income of RM3000 or more.

    • Malaysian citizen or Malaysian PR Status
    • Age: 21 – 60 years old
    • Minimum gross income of RM3,000
    • Maximum loan of RM 250,000

  • 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)

  • The profit rate offered to the customer depends on the financing amount applied for.

  • 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.

  • The instalment date is dependent on the disbursement date.

    Disbursement date:

    1st - 4th of the month: instalment date is 1st of the following month

    5th - 15th of the month: instalment date is 4th of the following month

    16th - 20th of the month: instalment date is 1st of the following month

    21st - 25th of the month: instalment date is 10th of the following month

    26th - 31st of the month: instalment date is 15th of the following month

  • Prepayment is not allowed. Customers can make early settlements at any point of time during the financing tenure. The bank would require a 1-month notice. No penalty is imposed in the case of early settlement.

  • No, as the instalment amount and the selling price have been agreed initially.

  • A standing instruction from the customer’s deposit account will be established to the facility account upon disbursement. Payment can be made via this deposit account.

  • HSBC Amanah 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, HSBC Amanah can approve and disburse to you within 3 days.

  • You can contact HSBC Amanah customer support right here.

  • No, HSBC Amanah Personal Financing-i is only for an individual sole account. Joint application is not allowed.

  • No, this financing solution is open for anyone who is eligible.

  • Unfortunately, no. HSBC Amanah 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.