AEON personal loan is a Shariah compliant personal loan that is based on Bai Al-Inah concept which requires no security deposit and no guarantor.
Features and benefits
It offers high financing amount from a minimum loan of RM 1,000 to RM 100,000.
It offers attractive rates of up to 0.8%* p.m. or 9.6% p.a per annum
Repayment tenure up to 84 months. You can select repayment tenure of 6, 12, 24, 36, 48, 56, 64, 72 and 84 months.
No guarantor, collateral or security deposit is required.
Fees and charges
Stamp duty will be deducted from your finance amount upon approval.
4% processing fee is applicable for financing amount from RM 1,000 to RM 10,000 and 2% processing fee is applicable for financing amount between RM 10,000 to RM 100,000. Maximum processing fee is capped at RM400. GST (6%) is applicable based on the financing processing fee.
The basic criteria to fulfil when applying for AEON’s personal loan is being a Malaysian citizen or permanent resident aged 18 years and above, and having a minimum income of RM 1000.
Another benefit of applying for a personal loan with AEON is that you will enjoy low interest rates whether you are a card holder, or a non-member. The interest rates starts at 1.2% per month and will go lower with higher amount of financing and/or if you are an AEON card member. The interest rates can go as low as 0.8% per month which is around 9.6% per annum if you borrow more than RM5000 and you are an AEON credit card holder.You will relish the lowest interest rate of 0.8% – 1.2% per month if you are holding an AEON credit card. With an AEON Express card, you will appreciate an interest rate of 0.84% -1.2% per month. Last but not least, even if you are a not a member or card holder with AEON, you will enjoy a low interest rate of 0.8%-1.5% per month. However, take note that if you apply for a loan amount of below RM4, 999, there will be a hefty processing fee of 6% (which is quite high) once the loan is approved.
AEON offers flexible and easy repayment and monthly installments as low as RM123.The financing duration of the AEON personal loan is a minimum of 6 months and maximum of 5 years. Depending on your financial capacity, you can select repayment tenure of 6, 9, 12, 15, 18, 24, 30, 36, 48, and 60 months. AEON’s easy repayment method will link your monthly salary to your repayment. This method of repayment will help you avoid late payment charges by automatically transferring the money from your monthly salary every month. You may also choose to transfer your salary to Hong Leong Bank with the auto-debit instruction that is provided as another option. The AEON personal loan includes a Takaful Coverage to insure you and the loan repayment. Take note that there may be additional basic charges such as Stamp Duty which will be deducted upon approval.
For AEON’s full installment table in detail, click below
This fuss free loan does not require any early settlement fees. The documents required to apply for the AEON personal loan are listed in the table below according to whether you are a salaried employee or self-employed.
|Salaried Employee||Self Employed|
This loan is only available to Malaysian citizen only. Applicant will have to be 18 years and above with having a minimum income of RM 800.
If you’re not yet convinced if the AEON personal loan is the best one for you, then hop on to the official website of AEON to have a look around. The application form can be downloaded from the site.
One of benefit of the loan is that it has one of the shortest tenure at 6 months.
History of Aeon
First of all, what is AEON? AEON is not a bank, it is a credit service. AEON is one of the biggest non-bank players in the funding industry in Malaysia and is expected to have seized the biggest share of the domestic motorcycle financing market.
AEON Credit Services Malaysia offers a personal loan package called AEON iCash which is highly recommended for its efficiency and flexibility in fast approval, easy repayment and low interest rates.