AmBank Islamic AmMoneyLine Facility-i: Flexible Financing, Attractive Profit Rates, and More

Profit Rate

AmBank Islamic offers competitive profit rates starting from 8% p.a., depending on your loan amount and financing period.

Key Features

• Financing Amount: From RM2,000 to RM150,000
  (Note: RM150,000 is available for existing customers, RM100,000 for new-to-bank customers)
• Tenure: Flexible repayment period of up to 7 years
• Loan Type: Unsecured Islamic Financing
• Minimum Income: RM3,000/month (for salaried employees)

Profit Rates Based on Financing Amount & Tenure

Note: The final rate is subject to the bank’s assessment and approval.

Fees & Charges

• Profit Rate: As low as 8% p.a., depending on financing amount and period
• Processing Fee: None
• Stamp Duty: 0.50% of the total loan amount
• Early Termination Fee: Requires 1-month written notice
• Late Payment Fee: 1% of the outstanding amount

Rebate Offer

AmBank Islamic offers a 5% rebate on your financing if you make prompt monthly payments every year. This means you could save up to 25% for a 5-year borrowing period!

Who Can Apply?

Malaysian citizens and permanent residents aged 21 to 60 years can apply for the AmBank Islamic AmMoneyLine Facility-i, provided they meet the following income criteria:

• Salaried Employees: Minimum monthly income of RM3,000
• Self-Employed/Commission Earners: Minimum monthly income of RM3,000

Loan Usage

You can use the AmBank Islamic AmMoneyLine Facility-i for various purposes, such as:

• Home improvement
• Purchasing a new vehicle
• Wedding expenses
• Other personal needs

How Fast Can I Get the Loan?

Once your application is approved, disbursement can be done quickly. Repayments will start from the following month.

Required Documents

To apply for this loan, you will need the following documents:

For Salaried Employees:

• Copy of IC (both sides)
• Latest 3 months payslips OR
• Latest 3 months EPF statements OR
• Latest BE Form with tax payment receipt OR
• Latest 3 months bank statements

For Self-Employed Applicants:

• Copy of IC (both sides)
• Business Registration Certificate (must be at least 2 years old)
• Latest 6 months personal or company bank statements
• Latest BE and B Forms with tax payment receipt from the Inland Revenue Board (LHDN)
• E-Filing acknowledgement receipt

For Commission Earners:

• Copy of IC (both sides)
• Latest 6 months commission statement
• Latest 6 months payslips
• Latest 3 months EPF statement
• Latest BE Form with tax payment receipt

Eligibility for Blacklisted Applicants

If you have a poor credit history, AmBank Islamic may still consider your application if you demonstrate improved financial management. They will review your eligibility based on your current credit standing via CCRIS and CTOS.

How to Apply for AmBank Islamic AmMoneyLine Facility-i

To apply for the AmBank Islamic AmMoneyLine Facility-i, follow these steps:

1. Visit AmBank Islamic’s website or apply through AmOnline.
2. Fill in the application form and upload the required documents.
3. AmBank Islamic will assess your application and notify you of the outcome.