YYP Personal Financing

  • Interest Rate
    9.99% p.a.
  • Max. Loan Amount
    RM 150,000
  • Approval Duration
    2-3 Working Days

Calculate your loan repayment instantly

RM
year(s)
RM
You Pay
RM 89 /mth
Interest Rate
Total Interest Payable
RM 70
Total Repayment
RM 1,070

More details

  • icon Features Features

    Approval Duration
    2-3 Working Days
    Min. Loan Amount
    RM 2,500
    Max. Loan Amount
    RM 150,000

    Other features

    Profit Rate
    Fixed profit rate as low as 6.5% p.a , subject to individual income and risk profile
    Min. Financing Tenure
    1 years
    Max. Financing Tenure
    10 years
    Debt Consolidation
    Yes

  • icon Eligibility/Documents Eligibility/Documents

    Employment Eligibility
    Sector A - AG / PDRM / UPM / UiTM Sector B - State Sector C - Institute / Suruhanjaya / GLC Sector D - Majlis / Lembaga / Perbadanan / Universiti
    Age Requirement
    PDRM: 20-55 years old, Others: 20-58 years old
    Min. Monthly Salary
    RM 1,500

    Other eligibility requirements

    NRIC
    Front & Back
    Payslip
    Latest 3 months
    3 Months Bank Statement
    3 Months Bank Statement (Salary Credited)
    Confirmation Letter
    Confirmation Letter
    Angkasa Form (Blue Form) or Letter of authorization to deduct salary
    Angkasa Form (Blue Form) or Letter of authorization to deduct salary

  • icon Fees and charges Fees and charges

    Processing Fees
    Free

    Other Fees and charges

    Early Settlement
    N/A

If you're not sure which loan is right for you, we can help!

How do you apply for a personal loan online?

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Step 1

Use our personal loan calculator to find the best personal loan 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 loan 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

YYP Personal Financing is a personal financing facility that offers a high financing amount of up to RM150,000. It is specifically for government employees in Malaysia with a minimum income of RM1,500 and who work for the following employers:

  • Accountant General
  • Polis Diraja Malaysia (PDRM)
  • Universiti Putra Malaysia (UPM)
  • Universiti Teknologi MARA (UiTM)

Best for: Debt consolidation or cashflow for personal use.

Income requirements: Minimum RM1,500/month.

Pros:

  • Low income requirement (RM1,500 gross monthly income)
  • Higher financing amount (RM150,000)
  • Low interest rate
  • No guarantor required

YYP Personal Financing FAQ

An Islamic personal financing offered by Direct Lending Sdn. Bhd. via Yayasan Dewan Perniagaan Melayu Perlis Berhad (YYP).

  • RM25,00 to RM150,000.

  • 1 – 10 years.

  • Employees of the Malaysian government for the following employers:

    Sector A:

    • Accountant General
    • Polis Diraja Malaysia (PDRM)
    • Universiti Putra Malaysia (UPM)
    • Universiti Teknologi MARA (UiTM)

    Sector B: State government

    Sector C:

    • Institutes
    • Suruhanjaya
    • GLC

    Sector D: Staff of any Majlis, Lembaga, Perbadanan, or University owned by the government

    You are also required to meet the eligibility criteria below:

    • Citizenship: Malaysian
    • Employment: Permanent civil servants in Malaysia with at least 6 months of service
    • Income: Minimum RM1,500/month gross income
    • Age: Between 20 – 58 years old (Maximum age for PDRM customers is 55 years old)
    • Financial background: Not bankrupt and passed YYP’s credit assessment

  • Your application will be processed between 2 – 3 working days, subject to complete document submission, employer verification and customer confirmation through akad. Cash will be disbursed into your account within 24 hours of approval.

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

  • Stamp duty: 0.5% of the financing amount

    Processing fee: None

    Early settlement fee: RM60, processing fee for each Early Settlement Statement

    Late penalty fee: 1% of outstanding amount

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

  • Fixed profit rate as low as 6.5% p.a., subject to individual income and risk profile.

  • As with any personal financing, you will have to make monthly repayment which comprises of principal amount and an interest rate.

    Use our personal loan calculator above to estimate your monthly repayment.

  • Authorised salary deduction via ANGKASA

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

    • Copy of NRIC (front and back)
    • 3 months (most current) salary slips
    • 3 months (most current) bank statements
    • Confirmation letter by employer
    • Angkasa Form (Blue Form) or Letter of authorisation to deduct salary
    • Application Form

  • You will need to pass YYP’s credit assessment before your application can be considered.

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

  • KOBETA Cooperative Personal Financing

    Similar to YYP Personal Financing but with less restrictions on employment eligibility, KOBETA Cooperative Personal Financing is open to all civil servants including semi-government staff from POS Malaysia and Tenaga Nasional Berhad (TNB).

    CBP Personal Financing-i Lestari

    Another personal financing facility for civil servants is CBP Personal Financing-i Lestari which provides a higher financing amount of RM200,000. Although the monthly income requirement is slightly higher at RM3,000, it comes with a lower profit rate of 2.75% - 2.85% p.a.

    AEON i-Cash Personal Financing

    If you wish to have a slightly faster approval, you may consider AEON i-Cash Personal Financing which can approve your application within 3 days. With a similarly low income requirement of RM1,500, this personal financing package comes with a shorter repayment tenure of 7 years.