AmMoneyLine is a Shariah compliant personal loan that is based on Bai’Inah concept that allows you to apply for loan amounts of up to 5 times your fixed income salary. It offers low monthly repayment with installment tenure ranging from 12 to 96 months. The loan is also unsecured that requires no guarantor, collateral and calculated on a fixed rate basis. A quick and easy approval within 48 hours to meet your financial needs with no collateral or guarantor required. In addition, there’s no processing fee involved.
Annual interest rates varies from 4.30% to 6.90% for amounts ranging from RM2,000 to RM100,000.
Personal Financing-i at AmBank Islamic fully complies with the Shariah requirements designed specifically for your needs. BaiInah is actually buy and sell concept based on products
As you notice, the effective interest rates is much more higher with longer tenure of the loan. You should minimize the tenure while also plan a repayment that is affordable to you. A borrower can loan from RM 2,000 to RM 100,000 however the maximum financing available is also subjected to 5 times a person’s monthly income. A borrower can choose from 1 year up to 8 years to repayment for the loan.
AmMoneyLine also features a quick 48 hours approval. This would be great for anyone who are looking for finance in a hurry.
Fees and charges
*Table is constructed based on the assumption of 8% interest rate per annum
This loan is open to Malaysians from 21 to 60 years of at the end of loan tenure. A borrower should also have a minimum RM 2,000 monthly income.