• Interest Rate (p.a.)

    6.50% - 8.00%

  • Loan Tenure

    2 - 6 years

  • Approval Duration

    Up to 2 business days

  • Min. monthly income

    RM2,500

Loan calculator
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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)

Product Features

Min. financing amountRM5,000
Max.financing amount Up to 4x fixed monthly salary or up to RM100,000
Min. loan tenure2 years
Max. loan tenure6 years
Islamic/ConventionalIslamic
Interest rateFixed rate of 6.50% – 8.00% per annum
Approval durationUp to 2 business days
Debt consolidationYes

Fees & Charges

One time set up
Processing feeN/A
Stamp dutyN/A
Disbursement & misc. feeN/A
Penalties
Early settlementN/A
Late payment charges1% on outstanding loan amount

Eligibility

Age requirementAge 21 - 60
Employment eligibilityMalaysian citizens employed as a Government servant, employee of a private sector organization, or self-employed
Min. salary requirementRM2,500 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?Yes
Need to buy Takaful product?Yes

Product Review byiMoney

Overview

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.

The catch?

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:
  • No set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via online banking, cash or cheque deposit, or standing instruction deduction.
  • For loan amount of RM5,000 – RM20,000:
  • Fixed interest rate of 8.00% per annum (0.67% per month) throughout the entire loan tenure.
  • For loan amount of RM20,001 – RM50,000:
  • Fixed interest rate of 7.00% per annum (0.58% per month) throughout the entire loan tenure.
  • For loan amount of RM50,001 – RM100,000:
  • Fixed interest rate of 6.50% per annum (0.54% per month) throughout the entire loan tenure.
  • Penalties:
  • Late payment charges of 1% on outstanding loan amount. Late payment charges will increase your total outstanding loan amount.
  • No early settlement penalty imposed.
  • 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
    Self-employed applicant:
    • 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.


    If you are looking for other personal loans, you may also consider
    Citibank Ready Credit (Pay Lite)
  • Citibank Ready Credit (Pay Lite) has a effective interest rate starting from 14% p.a. The maximum tenure for this personal loan is 4 years. It also comes with a minimum income requirement of RM2,000.
  • Bank Rakyat Personal Financing-i Aslah Swasta
  • With Bank Rakyat Personal Financing-i Aslah Swasta, the personal loan comes with an effective interest rate starting from 14.1% p.a. This personal loan has a maximum tenure of 10 years. It also comes with a minimum income requirement of RM2,000.
  • HSBC Amanah Anytime Money Personal Financing-i
  • The personal loan rate for HSBC Amanah Anytime Money Personal Financing-i starts from 10.5% p.a. It has a maximum tenure of 5 years. The personal loan also comes with a minimum income requirement of RM2,500.