- Profit rate (p.a.)
6.50% - 8.00%
- Loan Tenure
2 - 6 years
- Approval Duration
Up to 2 business days
- Min. monthly income
What's so great about Maybank Islamic Personal Financing-i?
- Approved loan amount of up to RM100,000
- Fixed interest rate starting at 0.54% per month
- Loan approval within 2 business days (48 hours)
|Min. financing amount||RM5,000|
|Max.financing amount|| Up to 4x fixed monthly salary or up to RM100,000|
|Min. loan tenure||2 years|
|Max. loan tenure||6 years|
|Profit rate||Fixed rate of 6.50% – 8.00% per annum|
|Approval duration||Up to 2 business days|
Fees & Charges
|One time set up|
|Disbursement & misc. fee||N/A|
|Late payment charges||1% on outstanding loan amount|
|Age requirement||Age 21 - 60|
|Employment eligibility||Malaysian citizens employed as a Government servant, employee of a private sector organization, or self-employed|
|Min. salary requirement||RM2,500 gross per month|
|Guarantor / Collateral requirement||N/A|
|Need to open linked banked account?||Yes|
|Need to buy Takaful product?||Yes|
Product Review by
If you are looking for an Islamic personal loan, Maybank Islamic Personal Financing-i is here to offer you an unsecured Islamic personal loan of up to 6 years for Malaysian citizens. No matter if you’re a Government servant, an employee of a private sector organization or self-employed, you will still be able to apply this personal loan and to apply for this Islamic personal loan would be hassle free because the loan approval process is within 2 business days (48 hours), there is no processing fee, no stamp duty involved, no disbursement fee, and no penalty charges for any early settlement but point to be noted here is that there will be late payment charges of 1% on outstanding loan amount.
On top of that you will not need to have any guarantor or collateral in order to apply for this Islamic personal loan. You will be able to enjoy a fixed interest rate of 6.50% up to 8% per annum and the interest rate is all depending on your loan amount (the higher the loan amount the lower the interest rate). You may finance a minimum amount of RM5,000 up to maximum RM100,000 or up to 4x the amount of your fixed monthly salary. To be eligible to apply for this loan, you minimum monthly gross income should be at least RM2,500 and you must be at least 21 years old. You will also need a good credit record (CTOS/CCRIS) that means all of your overdue payments for all commitments should be settled off.
Maybank Islamic Personal Financing-i FAQ
What is the maximum amount you can borrow?
Borrowable amount of up to four times your fixed monthly gross salary or up to RM100,000 for a maximum loan tenure of six years.
Applicant must be between the age of 21 to 60 to qualify.
Applicant must be a Malaysian citizen or permanent resident employed as a Government servant, employee of a private sector organization, or self-employed with a minimum gross salary of RM2,500 per month.
Opening of a linked bank account and Takaful protection is compulsory.
What will it cost you and how will you be charged?One time set-up fee:
How long will the application take and what documentations are required?
Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.
Thereafter, Maybank will require an average of two business days (not including Saturdays, Sundays, and public holidays) before approval or disbursement.
You are required to furnish the following documents for your loan application:Applicant with full-time employment:
- Copy of NRIC (front and back)
- 2 months (most current) salary slips
- 6 months (most current) savings account activity OR current account statements
- Copy of NRIC (front and back)
- 6 months (most current) bank statements
- BE form with tax payment receipt attached (most current)
- Copy of Business Registration Certificate
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 loans on time for another three months before reapplying.