• Profit rate (p.a.)

    4.90% - 4.95%

  • Loan Tenure

    1 - 10 years

  • Approval Duration

    1 - 2 weeks

  • Min. monthly income

    RM1,500

Loan calculator
Loan amount
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Loan tenure
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Monthly salaryRM0
Profit rate (p.a)

0

Monthly Repayment

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Total Profit PayableRM0
Total Amount PayableRM0
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 amountRM5,000
Max.financing amount Borrowable amount up to RM150,000 for a maximum financing tenure of 10 years
Min. loan tenure1 year
Max. loan tenure10 years
Islamic/ConventionalIslamic
Profit rateFixed rate of 4.90% - 4.95% per annum
Approval duration1 - 2 weeks
Debt consolidationNo

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.5% on loan amount (Original Copy) + RM10 (Photocopy)
Disbursement & misc. feeN/A
Annual feeN/A
Penalties
Early settlementN/A
Late payment charges1% p.a on current outstanding payment

Eligibility

Age requirementAge 20 - 58
Employment eligibilityEmployees of selected state Governments, Government agencies, and statutory bodies
Min. salary requirementRM1,500 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?Yes, Public Bank account for loan disbursement
Need to buy Takaful product?Yes

Product Review byiMoney

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) etc

Applicant 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:
  • Stamp duty of 0.5% on financing amount to be deducted upfront before disbursement. No other set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via monthly deduction by employer.
  • For loan tenure of 2 to 3 years:
  • Fixed profit rate of 4.90% per annum (0.40% per month) throughout the entire financing tenure.
  • For loan tenure of 4 to 10 years:
  • Fixed profit rate of 4.95% per annum (0.41% per month) throughout the entire financing tenure.
  • Penalties:
  • No early or late payment charges 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, 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:

  • Copy of NRIC (front and back) verified by employer
  • 3 months (most current) original salary slips verified by employer
  • Confirmation Letter of Employment
  • A copy of BPA form
  • 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.


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