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Kuwait Finance House Personal Financing-i
Borrow up to 10x from your monthly salary with minimum income of RM 3,000
Islamic Flat Profit Rate- Profit rate (p.a.)
6.00% - 6.88%
- Loan Tenure
2 - 10 years
- Approval Duration
3 working days
- Min. monthly income
RM3,000
Borrow financing up to RM 250,000
KFH Personal Financing-i is the best possible way to get you started with a loan that comes with a unique and flexible tenure
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What's so great about Kuwait Finance House Personal Financing-i?
- Financing amount up to RM250,000
- Fixed profit rate as low as 6% p.a
- Stretch financing tenure up to 10 years
- Takaful protection for total peace of mind
Product Features
| Min. financing amount | RM5,000 |
| Max.financing amount | RM250,000 |
| Min. loan tenure | 2 years |
| Max. loan tenure | 10 years |
| Islamic/Conventional | Islamic |
| Profit rate | As low as 6% per annum |
| Approval duration | 3 working days |
Fees & Charges
| One time set up | |
|---|---|
| Stamp duty | 0.5% of financing amount |
| Disbursement & misc. fee | N/A |
| Penalties | |
|---|---|
| Early settlement | N/A |
| Late payment charges | 1% from current outstanding amount |
Eligibility
| Age requirement | Age 21 - 60 |
| Employment eligibility | Employed for more than a year for Private Sector Salaried Earner (permanent employee) & more than 6 months for MNC, PLC, GLC, Berhad and Sdn Bhd (permanent employee) |
| Min. salary requirement | RM3,000 gross per month |
| Guarantor / Collateral requirement | N/A |
Other Requirements
| Need to open linked banked account? | N/A |
| Need to buy Takaful product? | Compulsory |
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Kuwait Finance House Personal Financing-i FAQ
What is the maximum allowable financing amounts?
Financing amount of up to 10x 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: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:
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.