• Interest Rate (p.a.)

    6.00% - 6.00%

  • Loan Tenure

    2 - 10 years

  • Approval Duration

    3 working days

  • Min. monthly income

    RM3,000

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What's so great about Kuwait Finance House Personal Financing-i?
  • Approved financing amount of up to RM250,000
  • Competitive profit rate of 0.5% per month
  • Applicant covered by Takaful protection

Product Features

Min. financing amountRM5,000
Max.financing amount RM250,000
Min. loan tenure2 years
Max. loan tenure10 years
Islamic/ConventionalIslamic
Interest rateAs low as 6% per annum
Approval duration3 working days

Fees & Charges

One time set up
Stamp duty0.5% of financing amount
Disbursement & misc. feeN/A
Penalties
Early settlementN/A
Late payment charges1% from current outstanding amount

Eligibility

Age requirementAge 21 - 60
Employment eligibilityPermanent & Confirmed Staff, GLC/MNC/PLC employee, Fixed Salaried Earner
Min. salary requirementRM3,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?N/A
Need to buy Takaful product?Compulsory

Product Review byiMoney

Kuwait Finance House Personal Financing-i FAQ

What is the maximum allowable financing amounts?

Financing amount of up to eight times your monthly gross salary or up to RM250,000 for a maximum tenure of 10 years

The catch?

Applicant must be at least 21 years. Max age depending on age and financing tenure

An employee of a private sector with a minimum gross salary of RM3,000 per month*

Group Credit Term Takaful (GCTT) is required to be taken up by the customer

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

One time set-up fee:
  • Stamp duty of 0.5% on financing amount to be deducted upfront before financing disbursement (as per Stamp Duty Act 1989).
    • Recurring payments:
  • Monthly payment comprising principal amount and profit charge. For financing tenure of 2 - 10 years, the profit rate ranging from 6% per annum
    • Late penalty charge:
  • 1% from current outstanding amount

    • How long is the application approval process and what are the documents required?

    Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.

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

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

  • Copy of NRIC (front and back)
  • 3 months (most current) salary slips
  • EPF statement (most current)
  • Other documents on case to case basis

    • 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 financing on time for another three months before reapplying, but subject to the banks own credit assessment.


    If you are looking for other personal loans, you may also consider
    HSBC Amanah Personal Financing-i
  • HSBC Amanah Personal Financing-i has a flat interest rate starting from 6.99% p.a. The maximum tenure for this personal loan is 7 years. It also comes with a minimum income requirement of RM3,000.
    • Mach I.O.U Personal Loan
  • With Mach I.O.U Personal Loan, the personal loan comes with an fixed interest rate starting from 7.20% p.a (after 20% cashback on interest). This personal loan has a maximum tenure of 5 years. It also comes with a minimum income requirement of RM3,000.
    • Bank Rakyat Personal Financing-i Aslah Swasta
  • The personal loan effective rate for Bank Rakyat Personal Financing-i Aslah Swasta starts from 6.16% p.a. It has a maximum tenure of 10 years. The personal loan also comes with a minimum income requirement of RM2,000.