Financing Quantum
- Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM200,000
Payment Period
- Maximum of 10 years (120 months) or up to the retirement age, whichever is earlier
Financing Rate Offer
Flat Rate
- 1-10 years : 4.99% p.a.
Floating Rate (Base Rate [BR])
- 1-3 years : Base Rate (BR) + 1.80% per annum or Base Rate (BR).
- 4-10 years : Base Rate (BR) + 2.70% per annum or Base Rate (BR).
Note : Current BR is 3.90% p.a.
Advance Payment
- Equivalent to 2 months installment
Eligibility
- Applicant must be 18 years and not exceeding the retirement age at the end of payment period
- Malaysian citizen
- Earning a minimum fixed income of RM2,000 per month
- Applicant must be a continued employee in any of the following:
- Government Sector
- Selected Public Listed Companies
- Subsidiaries of Government or Selected Public Listed Company
- Other Prominent Private Limited Companies as categorized under package companies listed by Bank Islam
Takaful Coverage
- Personal Financing Takaful Plan
Wakalah Fee
- RM50.00 – For being the customer’s agent to sell commodity to the Broker
Documents Required
- A copy of identity card
- Latest 3 months’ salary slip
- Latest employer’s confirmation letter
- Latest 3 months Bank Statements of salary crediting account
And at least one (1) of these:
- Latest income statement (Form B/eBE/ EA/EC); or
- Any other latest supporting document such as EPF statement, if required
Payment Method
- Salary Deduction
- Salary Transfer to Bank Islam with Auto-debit Instruction
Benefits
- Competitive rate
- No hidden charges
- No guarantor is required
- No deposit
- No processing fee
- Flexible financing tenure
- Selling price – fixed and known
- Fast approval
