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
    N/A
    Stamp Duty
    0.5% stamp duty fee is applicable

    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

Who is Yayasan Dewan Perniagaan Melayu Perlis Berhad (“YYP”)?

YYP is a foundation with a company registration number 1003231-A limited by guarantee and incorporated under the Companies Act 2016. It is NOT a co-operative society under the Co-operative Societies Act 1993. YYP offers unsecured Shariah compliant personal financing products exclusively for Malaysian civil servants. Profit rates of YYP products are calculated based on fixed rates and credit assessment.

  • Rejected applications before financing is disbursedApplications which do not meet the requirements as listed in Q3 may be disqualified. Your application may also be rejected depending on your credit profile, current financial situation and commitment.Terminated facilities after financing is disbursedYYP reserves the right to terminate disbursed facilities and accelerate payment of the facility and/or demand full payment within fourteen (14) days of written notice if any of the following events occur: 1 - Default in paying any instalments or payments and/or other monies when due and payable 2 - Presentation of a bankruptcy petition against the customer 3 - If the customer has become mentally unsound or deceased 4 - If any information provided by the customer is proven to be incorrect or misleading or contain material omission of facts 5 - If in the absolute opinion of YYP, the facility has not been operated satisfactorily 6 - If legal proceedings, suit for action of any kind whatsoever be instituted against the customer.
  • Akad is a promise between two parties whereby YYP offers customers to enter into a personal financing transaction and the customer agrees to accept the offer. Customers must understand the questions and / or confirmations inquired during the akad process and provide the appropriate responses. Acceptance or rejection of the offer by the customer must be made clear before the agreement can be completed. All conversations during akad are recorded.
  • The net financing amount is the amount after netting off all necessary fees and is dependent on the product offered to you. This will be communicated clearly to you for your consideration before your confirmation to proceed with the financing application during the akad process.
  • There is no insurance or Takaful coverage for YYP financing products.
  • All applicable fees will be deducted upfront from your original financing amount and include but not limited to, processing fee, brokerage fee, stamp duty, administration charges, subscription fee, and Sales and Services Tax (SST), where applicable. Advanced instalments, between 0 to 3 months instalments, will be dependent on the product offered to you based on your credit profile and financial behaviour and will also be deducted upfront from your original financing amount. No legal fees or payments to third parties will be imposed after you received your financing.
  • The profit rate offered may be revised from time to time depending on our latest available products. Currently, our profit rate ranges from 6.50% p.a. to 9.99% p.a., which will be offered to you depending on your credit profile and financial behavior. The profit rate will remain the same as stated in your agreement throughout the financing tenure.
  • Yes, YYP personal financing products are Shariah compliant, certified by a Shariah advisory body. The Shariah concept used is Murabahah, which refers to a sale based on cost plus where acquisition cost with the seller’s (YYP) profit are disclosed to the purchaser (customer) at the time of the contract.
  • Your personal information are stored securely in accordance with our Terms of Use and Privacy Notice. We keep, protect and process your personal data in a secured manner by maintaining physical, electronic and procedural safeguards in compliance with the laws of Malaysia. In view of the Personal Data Protection Act 2010, we have taken steps to ensure that we are in compliance with the Act. We will, as far as practicable, aim to prevent any unauthorised and/or unlawful processing of, and the accidental loss, destruction or damage to your personal data. Please refer to our website’s Terms & Conditions and Privacy Notice
  • No guarantor or collateral is required for YYP personal financing products.
  • No. However, your consent to provide us access to your credit report is required in order to process your financing application. Your credit information will be used as part of our consideration when offering our financing products.
  • You will be required to provide: 1. A photocopy of your Malaysian Identification Card (“IC”) 2. A photocopy of your Police Identification Card, if applicable 3. Certified true copies of recent 3 months payslips – certified by employer 4. Recent bank statement (salary account / account to receive financing) 5. Employment verification letter 6. Option letter, if applicable 7. Transfer letter / secondment letter, if applicable 8. Settlement statement, if applicable
  • You are eligible if you fulfill the following conditions: 1. Working as a civil servant in Malaysia 2. Malaysian citizen 3. Aged 20-58. Maximum age for customers who are police officers is 55 4. Permanent job with at least 6 months of service 5. Minimum gross monthly income of RM1,500 6. Not in bankruptcy process and/or a bankrupt 7. Pass the credit score of YYP
  • YYP is a foundation with a company registration number 1003231-A limited by guarantee and incorporated under the Companies Act 2016. It is NOT a co-operative society under the Co-operative Societies Act 1993. YYP offers unsecured Shariah compliant personal financing products exclusively for Malaysian civil servants. Profit rates of YYP products are calculated based on fixed rates and credit assessment.