YIR Personal Financing

Pay	Profit Rate	Max. Financing Amount	Total payment
RM 889 / mth	6.65% p.a.	RM 300,000	RM 10,665

2.3

2.3 out of 5 stars (based on 6 reviews)

Excellent33%

Very good0%

Average0%

Poor0%

Terrible67%

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No Title

December 12, 2024

customer service yang jawab call pemalas. nak minta penyata penyelesaian awal disukarkan urusan. lepas tu boleh sengaja angkat panggilan lepas tu letak balik supaya kita tak dapat nak bertanya. 👎 banyak lagi koperasi lain yang bagus, kalau nak pinjam cari la koperasi lain. jangan sekali pinjam dari yayasan ni. review jujur dari yang dah ambil loan dari YIR.

Fatimah Zainal Abiddin

No Title

December 12, 2024

Bad service…saya call baik2 nak tnya Baki pinjaman saja. Tapi tak nak layan. Terus kata tiada rekod. Tak terang2 ada dalam slip gaji. Call Kali kedua terus reject call.

FATIN

No Title

December 12, 2024

TAKE NOTE! Unlegit loan agency, my niece applied for RM 5k yet approved for RM 20k without her consent (JUST FOR THE SAKE OF THEIR COMMISSION), manipulating all personal data and the interest worst then any personal credit provider.

Dahlia

No Title

December 12, 2024

Thank you to Mrs. Amiera who always provided excellent information, service and help in helping my loan application process. I am very satisfied with the service provided. Using e-fast apps is very fast and easy. Thank you.

Tefanny

No Title

December 12, 2024

Superb service from cik Intan. All done online. Within one week everything settled. Kudos!

FAEZZ AHMAD

No Title

December 12, 2024

It is the worst financing institution. I wanted to do early settlement but there was no rebate at all, meaning even if we do early settlement, we need to pay the full interest. Not even 1 cent discount.

Sookfong

Yayasan Ihsan Rakyat (YIR) Personal Financing-i Overview

Key Loan Details:

Loan Type: Unsecured Islamic Financing.
Financing Amount: From RM3,000 to RM300,000.
Repayment Tenure: From 12 months to 120 months (up to 10 years).
Profit Rate:
- As low as 6.65% p.a. (depending on financing amount and period).

Loan Calculator Example:

Loan Amount: RM10,000.
Repayment Period: 2 years.
Monthly Income: RM5,000.
Monthly Repayment: RM472.08.
Profit Rate: 6.65% p.a..

Key Features:

Shariah-compliant: This is an Islamic personal financing with low profit rates.
No Processing Fees: There are no processing fees for this loan.
Flexible Tenure: Financing is available with flexible repayment terms of up to 10 years.
High Financing Limit: You can borrow up to RM300,000, depending on eligibility.
Unsecured Loan: No collateral required.

Eligibility Criteria:

Minimum Age: 20 to 58 years old.
Minimum Income: RM1,500/month.
Citizenship: Only available to Malaysian citizens.
Employment: Must be a government employee (civil servant).
Minimum Annual Income: RM18,000.

Required Documents:

NRIC (front and back).
Salary Slip (for the last 3 months).
Bank Statement (if applicable).
Other supporting documents may be required for verification.

Fees & Charges:

Profit Rate: As low as 6.65% p.a. (depending on the financing amount and tenure).
Stamp Duty: 0.5% of the total loan amount.
Early Termination Fee: RM100.
Late Payment Fee: 1% of the current outstanding amount.
Processing Fee: None.

Mode of Payment:

Monthly repayments are deducted directly from the salary (via salary deduction).

Additional Benefits:

Islamic Financing: Fully compliant with Shariah principles.
No Collateral or Guarantor Required: It’s an unsecured loan with minimal requirements.
High Loan Amount: You can borrow up to RM300,000 with a long repayment term.

Who Can Apply:

This loan is specifically for Malaysian civil servants aged 20 to 58 years old, earning a minimum of RM1,500 per month, and having an annual income of at least RM18,000.

About Yayasan Ihsan Rakyat (YIR):

YIR is a foundation established in 2012, offering Shariah-compliant financing products to Malaysian civil servants. It is not part of the cooperative society but operates as a company under the Companies Act 2016.

This Yayasan Ihsan Rakyat Personal Financing-i is a great option for government employees looking for low-profit personal financing with flexible repayment terms and high loan limits, all within a Shariah-compliant framework.