Public Islamic Bank BAE Personal Financing-i

  • Profit Rate
    3.99% p.a. ~ 4.45% p.a.
  • Max. Financing Amount
    RM 150,000
  • Approval Duration
    1-2 weeks

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

Key Features

Approved loan amount of up to RM150,000

Approved loan amount of up to RM150,000

Fixed interest rate starting at 4.90% p.a

Fixed interest rate starting at 4.90% p.a

Fixed interest rate starting at 4.90% p.a

Applicant covered by Takaful protection

More details

  • icon Features Features

    Approval Duration
    1-2 weeks
    Min. Financing Amount
    RM 5,000
    Max. Financing Amount
    RM 150,000

    Other features

    Maximum Financing Tenure
    10 years
    Debt Consolidation
    No

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    20-58 years old
    Min. Monthly Salary
    RM 1,500

    Other eligibility requirements

    Linked Account
    Yes, Public Bank account for loan disbursement

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    0.5% on loan amount (Original Copy) + RM10 (Photocopy)

    Other Fees and charges

    Late Payment Charges
    1% p.a on current outstanding payment

Prefer to talk to our customer care agents?

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

Public Islamic Bank BAE Personal Financing-i is an unsecured personal financing product which is offered to the staff of government agencies. This personal loan offers a financing amount from RM 5,000 to RM 150,000. It also has a relatively low installment and decent financing.

Best for: Personal use including your kid’s education fund

Income requirements: Minimum RM 3,000/month.

Pros:

  • No settlement fee
  • Maximum financing amount of RM 150,000
  • Wide age range eligibility (20 – 60 years old)
  • Direct deduction from salary payable to the Bank
  • No guarantor required

  • You can borrow between RM 5,000 and RM 150,000.

  • 10 years.

  • Income: Minimum gross income of RM3,000. Gross salary means salary before monthly deductions such as income tax and Employees Provident Fund (EPF) contribution. Only fixed income earners are eligible.

    • Malaysian citizen
    • Age: 20 – 60 years old
    • Permanent employee of at least 2 years in service
    • Minimum gross income of RM3,000
    • Minimum loan requirement is RM5,000 with maximum of RM150,000
    • Encouraged to have Takaful coverage

  • Public Islamic Bank will approve an application within 1 - 3 days, provided that full documentation and information are submitted.

    To speed up the process, you can apply through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.

    After we submit your documents and information, Public Islamic Bank can approve and disburse to you within 3 days.

  • One-time set-up fee: RM10 each

    Early Settlement: 1% per year on the arrears of outstanding for each facility (daily rest basis)

    Late payment charge: 1% per year on the outstanding payment

    For example, the fee is calculated as follow:
    Late payment charge = Outstanding monthly instalment X 1% X number of days outstanding

    * The charges will not be compounded

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

  • Base rate of 2.27% per year for individuals and base financing rate of 5.47% per year for non-individuals depending on your financing amount, tenure, as well as your individual risk rating.

    Check your iMoney CreditScore for free to find out how your credit health is.

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

    • Front & back copy of NRIC
    • 3 -6 months (most current) salary slips, OR
    • Latest EA Statement
    • EPF statement with at least 6 months contribution (latest not more than 1 year), OR
    • Latest Tax Returns and Tax receipts, OR
    • Employment Letter, OR
    • 3 months (most current) bank statements OR saving passbook

    If you are self-employed

    • Front & back copy of NRIC
    • Latest 1 year Tax Returns and Tax Receipts
    • 6 months (most current) bank statements OR saving passbook

  • Unfortunately, no. Public Islamic Bank will check your credit history as part of their approval process. You are required 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.

  • Bank Islam Personal Financing-i

    This personal loan comes with a fixed interest rate starting from 4.99% per year and has a maximum tenure of 10 years and comes with a minimum income requirement of RM2,000.