Personal Financing-i @ Bank Islam for Panel + Private Company

Personal Financing i


Features

For Package A & B-Panel Company

Financing Quantum

• Based on eligibility limit and subject to minimum amount of RM10,000 and maximum amount of RM200,000

Payment Period

• Maximum of 15 years (180 months) or up to the retirement age, whichever is earlier

Financing Rate Offer

• 1-3 years : 3.25% p.a (with Bank Islam Will Writing, BancaTakaful products subscription or Bank Islam Card-i)
• 1-3 years : 3.50% p.a 
• 4-10 years : 4.99% p.a
• 11-15 years : 5.50% p.a

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 RM1,500.00 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
• Total deduction must not exceed 50% from the gross salary or if inclusive of house deduction, it must not exceed 75% of deduction

FOR PRIVATE COMPANY

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

Profit Margin

• 1 - 3 years : 6.0% p.a. (Flat)
• 4 - 8 years : 6.8% p.a (Flat)
• 9 - 10 years : 7.0% p.a. (Flat)  

Advance Payment

• Equivalent to 2 months installment (if applicable)

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 RM3,000 per month
• Applicant and/or guarantor must be a continued employee in any of the following:
  • Government Sector
  • Public Listed Companies
  • Subsidiaries of Government or Public Listed Company
• Total deduction must not exceed 40% from the gross salary or if inclusive of house deduction, it must not exceed 65% of deduction

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 income statement (Form B/eBE/ EA/EC)

• Latest 3 months Bank Statements of salary crediting account

Payment Method

• Salary Deduction
• Salary Transfer to Bank Islam with Auto-debit Instruction
• Standing 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

Call 0172121978 / azawawi@bankislam.com.my  for more info.