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Public Islamic Bank BAE Personal Financing-i
An unsecured Islamic personal loan of up to 10 years exclusively for employees of selected state Governments, Government agencies, and statutory bodies.
- Profit rate (p.a.)
4.90% - 4.95%
- Loan Tenure
1 - 10 years
- Approval Duration
1 - 2 weeks
- Min. monthly income
RM1,500
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What's so great about Public Islamic Bank BAE Personal Financing-i?
- Approved loan amount of up to RM150,000
- Fixed interest rate starting at 4.90% p.a
- Applicant covered by Takaful protection
Product Features
| Min. financing amount | RM5,000 |
| Max.financing amount | Borrowable amount up to RM150,000 for a maximum financing tenure of 10 years |
| Min. loan tenure | 1 year |
| Max. loan tenure | 10 years |
| Islamic/Conventional | Islamic |
| Profit rate | Fixed rate of 4.90% - 4.95% per annum |
| Approval duration | 1 - 2 weeks |
| Debt consolidation | No |
Fees & Charges
| One time set up | |
|---|---|
| Processing fee | N/A |
| Stamp duty | 0.5% on loan amount (Original Copy) + RM10 (Photocopy) |
| Disbursement & misc. fee | N/A |
| Annual fee | N/A |
| Penalties | |
|---|---|
| Early settlement | N/A |
| Late payment charges | 1% p.a on current outstanding payment |
Eligibility
| Age requirement | Age 20 - 58 |
| Employment eligibility | Employees of selected state Governments, Government agencies, and statutory bodies |
| Min. salary requirement | RM1,500 gross per month |
| Guarantor / Collateral requirement | N/A |
Other Requirements
| Need to open linked banked account? | Yes, Public Bank account for loan disbursement |
| Need to buy Takaful product? | Yes |
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Public Islamic Bank – BAE Personal Financing-i FAQ
What is the maximum amount you can borrow?
Borrowable amount of up to RM150,000 for a maximum financing tenure of 10 years.
The catch?
Applicant must be between the age of 20 to 58 to qualify.
Applicant must be an employee of:
\- Permanent employees of Federal, State Government (excluding state government of Sarawak), OR \- Selected Government agency or statutory body: MARA, LHDN, RISDA, TM Malaysia (TM) etcApplicant must be earning a minimum gross salary of RM1,500 per month (for financing amount of RM100,000) or RM3,000 per month (for loan amount of RM150,000).
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, Public Bank will require an average of seven 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:
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.