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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.
- Interest Rate (p.a.)
4.99% - 4.99%
- Loan Tenure
2 - 10 years
- Approval Duration
Up to 7 business days
- Min. monthly income
RM1,000
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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 0.42% per month
- Applicant covered by Takaful protection
Product Features
| Min. financing amount | RM5,000 |
| Max.financing amount | Up to 25x fixed monthly salary or up to RM150,000 |
| Min. loan tenure | 2 years |
| Max. loan tenure | 10 years |
| Islamic/Conventional | Islamic |
| Interest rate | Fixed rate of 4.99% per annum |
| Approval duration | Up to 7 business days |
| Debt consolidation | No |
Fees & Charges
| One time set up | |
|---|---|
| Processing fee | RM100 |
| Stamp duty | 0.5% on loan amount |
| Disbursement & misc. fee | N/A |
| Penalties | |
|---|---|
| Early settlement | N/A |
| Late payment charges | N/A |
Eligibility
| Age requirement | Age 18 - 60 |
| Employment eligibility | Employees of selected state Governments, Government agencies, and statutory bodies |
| Min. salary requirement | RM1,000 gross per month |
| Guarantor / Collateral requirement | N/A |
Other Requirements
| Need to open linked banked account? | No |
| 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 25 times your fixed monthly gross salary or up to RM150,000 for a maximum loan tenure of 10 years.
The catch?
Applicant must be between the age of 18 to 60 to qualify.
Applicant must be an employee of:
\- State Government: Kerajaan Negeri Negeri Sembilan, Kedah, Sarawak, Terengganu, Perak, or Perlis, OR \- Government agency or statutory body: MARA, LHDN, RISDA, etcApplicant must be earning a minimum gross salary of RM1,000 per month (for loan amount of RM10,000 – RM75,000) or RM5,000 per month with at least 2 years of completed service (for loan amount of RM75,001 – RM100,000).
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.