| Personal Financing |
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Programme for Medical Practitioner
FEATURES
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| Margin of Financing |
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Up to 15 times gross salary and subject to minimum amount of RM10,000 and maximum amount of RM100,000 |
| Payment Period |
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Maximum of 10 years or up to the retirement age, whichever is earlier |
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Profit Margin |
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- 1 - 5 years : 5.50% p.a. (Flat)
- 6 - 10 years : 5.70% p.a. (Flat)
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Advance Payment |
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Equivalent to 2 months of monthly payment |
| Eligibility (Salary Earner) |
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- Applicant must be 25 years 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)
- Maximum total salary deduction of 75%
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| Eligibility (Sole Proprietorship or Partnership) |
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Applicant must be 25 years and not exceeding the retirement age at the end of payment period
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Malaysian citizen
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Earned a minimum gross monthly income of RM2,000 and above.
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Minimum of 2 years in business.
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Maximum total salary deduction of 75% |
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Takaful Coverage |
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Personal Financing Takaful Plan |
| Documents Required |
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For salary earner applicant:-
- Photocopy of identity
- Latest payslip
- Latest Letter of confirmation from employer
- Certificate of registration with Malaysian Medical Council or Malaysian Dental Council
- Latest Annual income statement (EA/EC/B Form) OR latest 3 months Bank Statements of salary credited account OR any other supporting document such as EPF statement, if required.
For Sole Proprietorship or Partnership:-
- Photocopy of identity card
- Business Registration.
- Last 6 months current account statement.
- Latest Income tax form (J/BE Form) with payment receipt
- Last 2 years financial statement
- Certificate of registration with Malaysian Medical Council or Malaysian Dental Council.
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| Payment Method |
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For salary earner applicant:-
- Salary Deduction
- Salary Transfer to Bank Islam with Auto-debit Instruction
- Auto-debit Instruction from other Banks (from salary credited account)
For Sole Proprietorship or Partnership:-
- Auto-debit Instruction from Bank Islam or other Banks (from salary credited account)
- Post Dated Cheque
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| Benefits |
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- Competitive rate
- No hidden charges
- No guarantor is required
- No deposit
- No processing fee
- Flexible financing tenure
- Selling price – fixed and known
- Fast approval
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