Kuwait Finance House Personal Financing-i

  • Profit Rate
    6.88% p.a.
  • Max. Financing Amount
    RM 150,000
  • Approval Duration
    3 working 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 working days
    Min. Financing Amount
    RM 5,000
    Max. Financing Amount
    RM 150,000

  • icon Eligibility/Documents Eligibility/Documents

    Employment Eligibility
    Salaried only
    Age Requirement
    21-60 years old
    Min. Monthly Salary
    RM 3,000

    Other eligibility requirements

    Need to open linked bank account?
    N/A
    Guarantor Collateral Requirement
    N/A
    KFH PF-i Application Form
    Required
    NRIC
    Front and back
    Salary Slip
    3 months
    EPF statement
    Latest 3 months

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    0.5% of financing amount

    Other Fees and charges

    Early Settlement
    N/A
    Late Payment Charges
    1% from current outstanding 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

Kuwait Finance House Personal Financing-i is a fast-approval Shariah-compliant personal financing which follows the Shariah concept of “Murabahah Tawarruq”. With a flexible tenure of 2 – 8 years and a competitive profit rate, this financing package is for salaried employees only.

Best for: Personal use including child’s education fees or start a small business.

Pros:

  • Decent financing amount (RM150,000)
  • Longer tenure (between 2 – 8 years)
  • No collateral or guarantor required

Kuwait Finance House Personal Financing-i FAQ

Shariah-compliant financing for salaried employees offered by Kuwait Finance House (KWH).

  • RM150,000.

  • 2 – 8 years.

  • To be eligible, your business must:

    • Citizenship: Malaysian
    • Employment: Confirmed and permanent staff of multinational companies (MNC), public limited companies (PLC), government-linked companies (GLC) and their subsidiaries.
    • Income: RM3,000 gross monthly income
    • Age: Between 21 – 60 years old. If you apply for it at 55, this means your maximum tenure can only be 5 years or when you reach 60 years old.
    • Takaful protection: Required

  • Stamp duty 0.5% of financing amount

    Early settlement fee: Waived

    Processing fee: Waived

    Late penalty fee: 1% of current outstanding amount

    (the bank may also revise your financing rate which may result in a higher monthly repayment)

    Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.

  • 6.00% ~ 6.88% p.a.

  • As with any financing, you will have to make monthly repayment, which comprises of principal amount and a profit charge.

    Use our personal loan calculator above to estimate your monthly repayment.

    • Salary deduction via Biro Angkasa, Accountant General or employer salary deduction
    • Interbank GIRO (IBG)/Instant Interbank Funds Transfer (IBFT) via ATM or AutoDebit
    • Over the counter at any MBSB bank branches

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

    New Customers

    • Copy of NRIC (front and back)
    • 3 months (most current) salary slips
    • 3 months (most current) bank statements
    • Latest EPF statement with minimum 3-month contribution

    Existing Customers

    • 2 months (most current) salary slips
    • Latest EPF statement with minimum 3-month contribution

  • Unfortunately, no. KWH will check your credit history as part of their approval process. You are advised 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.

  • Alliance Islamic Bank CashVantage Personal Financing-i

    This personal financing package is like Kuwait Finance House Personal Financing-I, with the same income requirement of RM3,000 and financing amount of up to RM150,000.

    Al Rajhi Bank Personal Financing-i

    If you have a slightly higher income and are looking for a lower profit rate, the Al Rajhi Bank Personal Financing-i comes with a rate as low as 4.99% p.a. This personal financing allows you to get approved up to 8x your monthly salary or RM150,000, whichever is lower.