Features

Margin of financing

• Up to 15 times gross salary and subject to minimum amount of RM10,000 and maximum amount of RM100,000

Payment Period

• Maximum of 10 years or up to the retirement age, whichever is earlier

Profit Margin

• 1 - 5 years : 5.70% p.a. (Flat)
• 6 - 10 years : 5.90% p.a. (Flat)

Advance Payment

• Equivalent to 2 months of monthly payment

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 RM1,200.00 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

- Maximum total salary deduction of 75%

Takaful Coverage

• Personal Financing Takaful Plan

Documents Required

• Photocopy of identity card
• Latest 3 month's salary slip
• Latest employer's confirmation letter
• Latest income tax form (Form B or Form EA/EC) OR latest 3 months bank statement (salary credited) OR latest EPF statement

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

*Terms and conditions apply