Bank Islam Personal Financing

bank islam

Personal Cash Line-i

Personal Cash Line-i against Bank Islam’s Fixed Deposit, Structured Investment or Unit Trust

Financing Quantum

Subject to a minimum of RM10,000

Margin of Financing

  • Up to 100% if secured against fixed deposit
  • Up to 80% if secured against structured investment
  • Up to 60% if secured against unit trust

Payment Period

Secured against fixed deposit or structured investment. Maximum of 5 years (60 months) with no age limit. Secured against unit trust

Maximum of 5 years (60 months) or up to the retirement age or up to 70 years old, whichever is earlier

Personal Cash Line-i Secured

Personal Cash Line-i against Bank Islam’s Fixed Deposit, Structured Investment or Unit Trust

Financing Quantum

  • Subject to a minimum of RM5,000

Margin of Financing

  • Up to 100% if secured against fixed deposit
  • Up to 80% if secured against structured investment
  • Up to 60% if secured against unit trust

Payment Period

Secured against fixed deposit or structured investment

  • Maximum of 5 years (60 months) with no age limit

Secured against unit trust

  • Maximum of 5 years (60 months) or up to the retirement age or up to 70 years old, whichever is earlier

Personal Financing-i Programme for Medical Practitioner

Benefits & Features

Financing Quantum

Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM300,000

Payment Period

Maximum of 10 years (120 months) or up to the retirement age, whichever is earlier

Financing Rate Offer With Takaful Coverage

Flat Rate

(Promotional Rate for Package and Program Customer, 7 months only from 01/08/2019 to 29/02/2020)

1- 3 years : 4.20% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

4-10 years : 4.35% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

Floating Rate (Base Rate [BR])

1-3 years: Base Rate (BR) + 2.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).

4-10 years: Base Rate (BR) + 3.02% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).

Revised BR (effective date 10 May 2019) is 3.77% p.a

Financing Rate Offer Without Takaful Coverage

Flat Rate

(Promotional Rate for Package and Program Customer, 7 months only from 01/08/2019 to 29/02/2020)

1-10 years : 5.99% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).

Floating Rate (Base Rate [BR])

1-3 years : Base Rate (BR) + 3.38% p.a. (Profit is calculated on a daily basis based on “Monthly Rest”).

4-10 years : Base Rate (BR) + 5.28% p.a.

Revised BR (effective date 10 May 2019) is 3.77% p.a

Eligibility & Requirements

Eligibility (Salary Earner)

Applicant must be 25 years old and not exceeding the retirement age at the end of payment period

Malaysian citizen

Fixed income earner with a minimum gross income of RM2,000 per month

Minimum tenure in service:

Permanent Staff : 6 months

Contract Staff : 2 years (Government only)

Eligibility (Sole Proprietorship or Partnership)

Applicant must be 25 years old and not exceeding the retirement age at the end of payment period (maximum entry age is 65 years and up to 70 years old)

Malaysian citizen

Earning a minimum gross monthly income of RM2,000 and above

Minimum of 2 years in business

Documents Required

For salary earner applicant:-

Photocopy of Identity Card

Latest payslip

Latest letter of confirmation from employer (salary earner)

Certificate of registration with Malaysian Medical Council or Malaysian Dental Council

And at least one (1) of these:

Latest income statement (Form B/eBE/ EA/EC); or

Latest 3 months Bank Statements of salary crediting account; or

Any other latest supporting document such as EPF statement, if required

For Sole Proprietorship or Partnership:-

Photocopy of identity card

Fees & Charges

RM50.00 – For being the customer’s agent to sell commodity to the Broker

T&C and PDS

Personal Financing-i Non Package

Financing Quantum

Based on eligibility limit and subject to minimum of RM10,000 and maximum amount of RM150,000

Financing RM30,000 and below – without guarantor

Financing more than RM30,000 – one guarantor

Payment Period

Maximum 120 months (10 years) or up to the retirement age, whichever is earlier

Personal Financing-i Package

Features Financing Quantum

Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM300,000

Payment Period

Maximum of 10 years (120 months) or up to the retirement age, whichever is earlier

Promotional Rate for Teacher and Nurse (7 months only from 01/08/2019 to 29/02/2020)

Contact Bank Islam

Bank Islam Malaysia Berhad

Level 32, Menara Bank Islam

No. 22, Jalan Perak

50450 Kuala Lumpur

General Line: +603 2088 8000

Contact Centre: +603 26 900 900

Email: contactcenter@bankislam.com.my

Our e-mail correspondent unit operation hours are from Monday to Friday (9.00am to 6.00pm). We don’t operate on weekends and public holidays.

For any urgent matters especially to report on a lost or stolen card, please immediately call Bank Islam Contact Centre at 03-26 900 900 (24hours/7days a week).

Interested to Apply A Personal Loan? Talk With Us Now!

Call/ SMS / Whatsapp: 019-2983056 (Give name, No.IC, Departments & Locations, office telephone number, mobile phone number(if no different with WhatsApp number), Permanent/ Contract, Basic Salary, Fixed Allowances and Total Deductions on latest payslip), FaceBook / E-mail:hashimbank@gmail.com.

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*source: bankislam.com.my