Pinjaman Peribadi Bank Islam Awam

Pinjaman Peribadi Bank Islam Awam

Personal Financing-i    , Pinjaman Peribadi Bank Islam
Fixed Interest and Floating interest rates available. As low as 3.25% p.a flat rate.
Minimum 1 year , Maximum 10 years repayment or 120 months
From RM 10,000 to RM 200,000 loan available
Only available to Malaysian government sector employees and qualified Public Listed Companies 

Bank Islam Personal Financing-i is an unsecured or secured personal that is catered for public sector employees and selected qualified Public Listed Companies in Malaysia. This personal loan is Shariah compliant and it is based on Tawarruq concept where commodities buy/sell concept is being used. Borrowers will be able to enjoy from RM 10,000 to RM 200,000 of financing with minimum of 1 year to maximum of 10 years repayment upon retirement age.

As of public sector personal loan, Bank Islam’s Personal Financing-i offers a very competitive interest rates. A borrower will have the choice of Fixed or Floating with compulsory Takaful insurance plans

Fixed Rate

 

4.99% – 7.00% p.a  , 1 to 10 years

Floating rate , Based on Base rate (BR) 

BR + 1.80% p.a, 1 to 3 years

BR + 2.70% p.a, 4 to 10 years

As for the repayment of the loan, it can be done only via salary deduction or standing instructions or salary transfer methods. The latest Bank Islam Base Rate is 3.90% p.a

Charges & Fees 

There are no processing fees for this loan. Stamp duty fee is required while a Wakalah fee of RM 50 is applicable. A 1% p.a late penalty is subjected to late repayment starting from the due date. Early settlement fees will be charge if a borrower wants to settle the loan earlier. Takaful coverage is a must. All service charges are subjected to 6% GST charge.

Repayment

As for government sector loan, the repayment of Personal Financing-i is repaid under Biro Angkasa Scheme (PBA) where it will automatically be deducted from salary

Requirements 

Applicants will need to be a Malaysian Citizen with age from 18 years while do not exceed retirement age during the loan tenure. This is a public sector loan which is only offered to government servants, selected GLCs, or subsidiaries of government and selected Public Listed Companies only

Documents required

  • NRIC ( front and back)
  • Most recent 3 months payslip
  • Employment confirmation contract
  • Most recent 3 months bank statement of salary account
  • EPF statement
  • Most recent income tax statements.

Repayment Table

bank islam personal loan table

 

  • February 21, 2017
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