JCL i-FUND Personal Financing

  • Profit Rate
    18.00% p.a. ~ 20.00% p.a.
  • Max. Financing Amount
    RM 50,000
  • Approval Duration
    3 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

More details

  • icon Features Features

    Approval Duration
    3 days
    Min. Financing Amount
    RM 1,000
    Max. Financing Amount
    RM 50,000

  • icon Eligibility/Documents Eligibility/Documents

    Employment Eligibility
    RM 1,000
    Age Requirement
    18-60 years old
    Min. Monthly Salary
    RM 1,000

    Other eligibility requirements

    Need to open linked bank account ?
    No
    Guarantor Collateral Requirement
    N/A
    NRIC
    Front & Back
    Salary slips
    3 months
    Bank statement
    3 months
    utility bill
    Latest with current address

  • icon Fees and charges Fees and charges

    Processing Fees
    RM 50
    Stamp Duty
    As per the Stamp Act 1949 (Revised 1989)

    Other fees and charges

    Wakalah Fee
    RM 25
    Takaful fee
    Takaful fee: RM 24.30 – RM 509.20 (“subject to Takaful Provider discretion on pricing and approval”)
    Late Payment Charges
    1% Ta'widh (Compensation) and 7% Gharamah (Penalty) per annum will be charged upon the amount due.
    Early settlement
    No Penalty
Last updated: May 24, 2022

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How do you apply for a personal loan online?

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Step 1

Use our personal loan calculator to find the best personal loan 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 loan 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

JCL Boost Flash Promo: 4,500 Boost Coins redemption worth RM45 when you get approved.  (Terms and Conditions)

The JCL i-FUND Personal Financing is a Financing offered by a licensed credit leasing company. It comes with one of the lowest minimum income requirement and loan amount. If you have trouble qualifying for a personal financing offered by banks, this is a good option to try out. 

Best for: Low-income earners who are looking for quick cash flow solutions

Income requirements: Open for those who are earning RM1,000 and above a month

Pros: Low-income requirement, as well as no processing fee and early settlement penalty

JCL i-FUND Personal Financing FAQ

JCL i-FUND Personal Financing is an Islamic Personal Financing offered by JCL Credit Leasing. JCL is a licensed credit leasing company which was established in 1996. The headquarter is located in Kuala Lumpur with 5 branches in other main cities across Peninsular Malaysia.

  • The JCL i-FUND Personal Financing ranges from 18% to 20% per annum (or per year). The final approved profit rate is subject to the bank’s approving criteria. It is slightly higher compared to some personal financing, but the best part of this loan is the minimum income requirement and an easier approval process.

  • JCL i-FUND Personal Financing offers one of the lowest financing amounts in the market, starting from RM1,000 to a maximum up to RM50,000. The financing amount you can borrow ranges between RM1,000 and RM50,000.

  • Financing tenure means how long you can take to repay the financing. The maximum financing tenure for JCL i-FUND Personal Financing is 5 years. The longer your financing tenure, the lower your monthly repayment as you stretches out your financing amount to a longer-term financing.

  • Income: Your minimum gross salary must be at least RM1,000 per month. Gross salary means salary before mandatory monthly deductions such as income tax and Employees Provident Fund (EPF) contribution.

    Age: You must be between the age of 18 and 60 to qualify for the financing. JCL allows a much younger applicant to apply for their financing compared to what most banks allow.

    Other qualifying criteria: You must be a Malaysian citizen to qualify.

  • The bank can take up to 3 working days to process and approve your financing upon receiving all your information and documents. You can check your chances of approval if you apply through iMoney. Our call centre consultants will walk you through an eligibility checker before recommending the best personal financing for you.

  • Late payment charges: 1% Ta'widh (Compensation) and 7% Gharamah (Penalty) per annum will be charged upon the amount due.

    Other fees: JCL i-FUND Personal Financing does not charge a processing fee or early settlement fee. However, they require at least 30-day prior notice in writing for early settlement.

  • our monthly repayment is fixed throughout the financing tenure, and it is split into the payment of principal and profit rate.

    The lower your profit rate and the longer your financing tenure, the lower your monthly repayment will be. For example, if you are borrowing RM10,000 with an profit rate of 18% over 3 years, your monthly repayment will be around RM428.

    Use the personal financing calculator above to calculate your monthly repayment.

  • Upon approval, the financing amount will be credited into a bank account provided by you.

    • JomPAY via online banking
    • Direct Debit (e-Mandate)
    • PayQuik Mobile App

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

    1. If you are earning a fixed salary:
      • Original identity card (front and back)
      • Latest 3 months of salary slips/payslips
      • Latest 3 months of bank statements
      • Latest EPF or tax declaration form (BE form)
      • Utility bills: electricity, water, etc.
    2. If you are self-employed:
      • Original identity card (front and back)
      • SSM
      • Latest 6 months of company bank statements
      • Latest 3 months of personal bank statements
      • Utility bills: electricity, water, etc.