Bank Islam Personal Financing-i (Package)

Pay	Profit Rate	Max. Financing Amount	Total payment
RM 875 / mth	4.99% p.a.	RM 300,000	RM 10,499

1.0

1.0 out of 5 stars (based on 2 reviews)

Excellent0%

Very good0%

Average0%

Poor0%

Terrible100%

Submit Reviews

No Title

December 13, 2024

Lousy banking services. Due for last payment of car loan. Cannot pay via online banking or transfer. When I walk in to Bank Islam itself, they said need to wait for 15mins to get confirmation of total due amount from HQ. Waited for 45mins and yet no confirmation. Then they said will call me and inform. After 2 days still no calls. It’s like the bank doesn’t want you to make the last payment and make u be indebted to them, so that they can send lawyer notice and summon you.

Vithyavaani Alagary

No Title

December 13, 2024

I Walk in to settle existing loan by paying lum sum. They said HQ will call in few day and cannot pay on site. After waiting no response and turn out they cancel my loan which I already paid 70% .only refund partial. Staff is really bad 👎 mishandling my task, no customer service response and no update receive yet. Please avoid taking any loan or product under bank islam

syafoxyy

Bank Islam Personal Financing-i (Package)

Key Highlights:

Profit Rate: From 4.20% p.a.
Financing Amount: Up to RM300,000
Fast Approval: Application processed within 5 working days.

Profit Rate:

Starting from 4.20% p.a. depending on the loan amount and tenure.

Key Features:

Financing Amount: From RM10,000 to RM300,000.
Financing Period: Up to 10 years (120 months).
Loan Type: Unsecured Islamic Financing.
Minimum Income: RM2,000/month (Minimum annual income RM24,000).
Takaful Protection: Lower profit rate of 4.20% – 4.35% p.a. when you opt for Takaful coverage.

Profit Rates Based on Financing Amount & Tenure:

Borrow Amount	Financing Period	Minimum Income	Profit Rate
RM10,000 – RM300,000	12 to 120 months	RM24,000	4.2% p.a. – 5.99% p.a.

Note: Final rate is subject to bank assessment and approval.

Fees & Charges:

Profit Rate: From 4.20% p.a. (with Takaful coverage) to 5.99% p.a. (without Takaful).
Processing Fee: None
Stamp Duty: 0.50% of the total loan amount
Wakalah Fee: RM50
Late Payment Fee: 1% of the outstanding loan amount.
Advance Payment: Equivalent to 2 months’ installment (used to offset first two months).

Who Can Apply?

Age: 18 to 60 years old.
Income Criteria: Minimum monthly income of RM2,000 (RM24,000 annual income).
Eligible Applicants:
- Malaysians
- Government employees
- Employees of selected Government Linked Companies, Public Listed Companies, and other prominent private limited companies categorized under Bank Islam’s package.

Loan Usage:

Can be used for personal expenses, home improvement, etc.

How Fast Can I Get the Loan?

Application Processing: 5 working days.

Required Documents:

For All Applicants:
- Copy of IC (front and back)
- Latest 3 months’ salary slips
- Latest 3 months’ bank savings account or current account statement
- Employer’s confirmation letter
- One of the following:
  - EPF statement
  - Latest income tax form (Form B or Form EA/EC)

Eligibility for Blacklisted Applicants:

Bank Islam reviews credit history through CCRIS/CTOS. Applicants with poor credit history may still be considered if they show evidence of improved financial management and consistent repayment of outstanding debts.

How to Apply:

Apply online or visit the nearest Bank Islam branch.
Complete the application form and submit the necessary documents.
The bank will process your application and contact you within 5 working days.

This format provides a structured overview of the Bank Islam Personal Financing-i (Package) with all key details summarized for easy reference.