YYP Personal Financing

The YYP personal financing is a Shariah-compliant personal financing exclusively for Malaysian civil servants, Statutory Bodies and selected Government Linked Companies (GLCs) employees only, offered by theYayasan Dewan Perniagaan Melayu Perlis Berhad. One of the main advantages of the YYP Personal financing is it requires a very low minimum required salary, so if you're having issues applying for other personal financing solutions due to your monthly salary, give YYP personal financing a try.

• How to apply for a YYP Personal Financing?

  You can apply for the YYP Personal Financing right here.

• What is the maximum financing amount?

  RM200,000.

• What is the financing tenure?

  1 – 10 years.

• What are the requirements when applying for a YYP Personal Financing?

  Employees of the Malaysian 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 
  • Financial background: High external commitments, blacklists, CCRIS/CTOS, and AKPK are also acceptable.

• What are the required documents?

  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

• How long is the approval process?

  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.

• What is the interest rate?

  Fixed profit rate as low as 6.66% p.a., subject to individual income and risk profile.

• How much do I have to pay monthly?

  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.

• How do I make my repayment?

  Authorised salary deduction via BIRO ANGKASA

• How does the YYP Personal Financing calculator work?

  You can calculate your monthly repayments using the YYP personal financing calculator right here. All you have to do is key in the financing amount and the tenure duration you'd like.

• What are the fees and charges?

  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.

• How do I make my repayment?

  Authorised salary deduction via ANGKASA

• Can I perform early settlement with the YYP Personal Financing?

  Early settlement in full is allowed at any point of time before its maturity. A rebate (Ibra’) may be given at YYP’s discretion.

• Is it required to have Takaful contribution coverage?

  There is no Takaful coverage for this personal financing solution.

• Can I apply if I have a bad CCRIS/CTOS/credit score?

  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.

• If you are looking for other personal financing, you may also consider

  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.