BANK ISLAM
PERSONAL FINANCING-i
PRODUCT FEATURES
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Funding Amount: RM2,000 - RM100,000
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Financing Period: 2 - 10 years
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Profit Rate (Fixed Rate): 7.99%
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Takaful protection: None
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Guarantor: None
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Collateral: None
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Deposit: None
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Processing Fees: 10% Advance Profit
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Advance Payment: None but includes first installment down payment (deducted from withdrawal)
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Stamp duty: 0.5% of the total financing
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Wakalah charge: None
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Early Settlement Fee: Yes - please refer to the "Settlement Schedule" which is part of the Commodity Sale Agreement depending on the settlement period and amount
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Late Payment Charges: None
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Payment method: Angkasa Payroll Deduction System​
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WARNING: Choice of financial products based on the qualifications and profile you fill in during the matching process. Financial offers and personal financing profit rates may depend on individual risk levels or other criteria (determined by the financial institution). As-Sidq does NOT issue any financial products or charge additional fees to apply for the financial products displayed on this site.
QUALIFICATIONS
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Nationality: Malaysian only
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Age Requirements: Minimum 18 years and maximum 55 years
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Minimum Monthly Income: Minimum fixed income of RM4,000 per month
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Employment: Permanent government employee
PRODUCT INFORMATION
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High Payout - 90% compare to competitior 75%-85%
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No lock in period
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No hidden fee
DOCUMENTS THAT NEED TO BE PROVIDED
Fixed income applicants (private sector):
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Copy of MyKad front and back
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Copy of Latest 3month payslips with QR code
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Consent form a.k.a Kebenaran Penzahiran Maklumat Kredit Individual – KNSB
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Government Home Loan Confirmation Letter
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Personal Financing Application Information
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