Personal Banking
Financing-i
/
Personal Financing-i Private Sector
Personal Financing-i Private is specially designed to fulfil your current financial needs, with its competitive profit rates in the market.
Tawarruq
- Amount of financing up to RM150,000
- Financing tenure :
SALARY FINANCING TENURE NEW APPLICATION REPEATED / OVERLAP APPLICATION RM2,000 – RM 3,000
5 years 10 years RM3,001 and above 10 years
- No guarantor
- Takaful coverage is optional
- Malaysian citizen
- Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
- Minimum Gross Income including fixed allowances
- RM2,000 and above for Permanent Employee
- RM8,000 and above for Contract Employee
| PAYMENT TYPE | INCOME | ELIGIBILITY |
|---|---|---|
|
RM 2,000 – RM 4,000 | 15 times monthly gross income |
| RM 4,001 – RM 6,000 | 20 times monthly gross income | |
| More than RM 6,000 | 25 times monthly gross income | |
|
Electronic Payment |
RM 1,000 – RM 5,000 | 5 times monthly gross income |
| RM 5,001 – RM 10,000 | 8 times monthly gross income | |
|
More than RM 10,000 |
10 times monthly gross income |
Floating Rate
| PAYMENT TYPE | FINANCING TENURE | PROFIT RATE |
|---|---|---|
|
Up to 1 Year | SBR+ 4.91% |
| More than 1 Year - Up to 5 Years | SBR + 5.37% | |
| More than 5 Years - Up to 10 Years | SBR + 5.47% | |
|
Up to 1 Year |
SBR+ 6.91% |
| More than 1 Year - Up to 5 Years | SBR + 7.37% | |
| More that 5 Years - Up to 10 Years | SBR + 7.47% |
*Note :
- Current Standard Base Rate (SBR) is 2.75%
- Additional profit rate of 1.50% over the current profit rate for financing without takaful
- Ceiling Rate = Effective + 4.00%
| DOCUMENTS REQUIRED | NEW APPLICATION | REPEATED/ OVERLAPPING |
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| TRANSACTION | CHARGE |
|---|---|
| Wakalah or Agency Fee | Wakalah or agency fee of RM28.30 |
| Stamp duty fee | 0.5% of total financing as contained in the Stamp Duty Act 1949. |
| Early Settlement Fee | Rebate (Ibra’) will be given on the deferred profit |
| Late Payment Charges |
During the financing tenure : 1% per annum on the outstanding amount of the monthly payment After expiry of financing tenure : Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance |
The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.*Terms and conditions apply.