MBSB Mumtaz-i

  • Profit Rate
    2.15% p.a. ~ 2.15% p.a.
  • Max. Financing Amount
    RM 250,000
  • Approval Duration
    Up to 1 business day (Approval turnaround time (TAT) is subject to fresh loan (no overlapping))

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
    Up to 1 business day (Approval turnaround time (TAT) is subject to fresh loan (no overlapping))
    Min. Financing Amount
    RM 50,000
    Max. Financing Amount
    RM 250,000

    Other features

    Max Financing
    Up to RM250,000
    Min Financing Tenure
    2 years
    Max Financing Tenure
    Up to 10 years
    Profit Rate
    Flat rate as low as 2.15% per annum
    Debt Consolidation
    Overlapping financing

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    19-60 years old
    Min. Monthly Salary
    RM 3,000

    Other eligibility requirements

    Need to open linked bank account?
    No
    Guarantor Collateral Requirement
    N/A

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    Free

    Other fees and charges

    Early Settlement
    N/A
    Late Payment Charges
    During financing period, prior to maturity: 1% p.a. on the instalments amount in arrears and not compounded.
    Annual Fee
    N/A
    Other Fee
    N/A
    Other Penalties
    N/A
Last updated: May 24, 2022

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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

Applicant must be a Malaysian citizen between the age of 19 to 60 to qualify. Applicant must not exceed the age of 60 at the end of the financing tenure. Applicant must be an employee of Government, Government Link-Companies (GLC), State Government Link-Companies (SGLC), Local Councils and approved companies under Non-Biro arrangement with a minimum gross salary of RM3,000 including allowances per month. Takaful protection is optional.

  • MBSB Personal Financing Mumtaz-i offers multiple benefits. The first one is that you don't need any guarantors. Secondly, takaful coverage is optional for this loan, and finally there are no early settlement charges with this personal loan.

  • MBSB Personal Financing Mumtaz-i is open to all Malaysian citizens who are a permanent employees of the government, GLCs, local councils and selected companies. To apply, your workplace must have a salary deduction arrangement with MBSB, and you must:

    • Above the age of 19-years old
    • Will not exceed 60-years old upon expiry of the facility or optional retirement age, whichever is earlier
    • Have a monthly income of at least RM300 (including other non-fixed income)

     

  • You will need:

    • A photocopy of your MyKad,
    • Latest 3 months salary slip,
    • Latest 3 months Savings/Current Account Statements (salary being credited),
    • Latest BE Form and Tax Receipt/EA Form/EPF statements, and
    • Any other latest supporting documents if required.

     

  • MBSB Personal Financing Mumtaz-i can finance an amount from RM50,000 to RM250,000.

  • Your monthly repayment depends on the amount you decide to borrow. You can have a look at the payment table at the Mumtaz-i website.

  • MBSB Personal Financing Mumtaz-i has only one repayment method, using auto salary deduction.

  • With the MBSB Personal Financing Mumtaz-i, you have to pay the waqqalah fee, which is RM34.00, Takaful contribution (if any), and product bundling charges (if any).