If you’re in need of financial assistance, a personal loan from Bank Islam may be a suitable option for you. As a Shariah-compliant bank, Bank Islam offers personal financing that adheres to Islamic principles. This means that you can obtain financing without accruing interest, which is prohibited in Islam.
Bank Islam’s personal financing packages come in various forms to suit different needs. You can choose between secured or unsecured financing, depending on whether you have collateral to offer. Additionally, Bank Islam offers financing packages for specific purposes, such as home renovation or vehicle purchase.
Overall, Bank Islam’s personal financing options may be a good choice for those looking for a Shariah-compliant way to obtain financing. With various packages available, you can choose one that suits your specific needs.
Key Takeaways
- Bank Islam offers personal financing that adheres to Islamic principles.
- Bank Islam’s personal financing packages come in various forms to suit different needs.
- Bank Islam’s personal financing options may be a good choice for those looking for a Shariah-compliant way to obtain financing.
Understanding Bank Islam Personal Loan
If you are looking for a personal loan that is tailored to meet your financial needs, Bank Islam’s Personal Financing-i is a great option to consider. With competitive profit rates and no hidden charges, this financing plan is designed to empower you to achieve your life goals.
Key Features of Personal Financing-i
Bank Islam’s Personal Financing-i offers a financing quantum based on eligibility limit, with a minimum amount of RM10,000 and a maximum amount of RM300,000. The payment period can extend up to 10 years (120 months) or up to the retirement age, whichever is earlier. The financing rate offered comes with Takaful coverage and can be either a flat rate or a floating rate based on the Base Rate (BR).
Eligibility and Requirements
To be eligible for Bank Islam’s Personal Financing-i, you must be a Malaysian citizen aged between 21 and 60 years old. You must also have a minimum monthly income of RM2,000. The financing plan is available for both package and non-package employees.
To apply for Personal Financing-i, you will need to provide a copy of your MyKad, latest salary slip, and a statement of your bank account for the past six months.
Profit Rates and Charges
The financing rate for Personal Financing-i is competitive and can be either a flat rate or a floating rate based on the Base Rate (BR). The processing fee is RM100, and there are no hidden charges or fees.
With Bank Islam’s Personal Financing-i, you can enjoy a financing plan that is tailored to meet your financial needs. Whether you need funds to purchase new equipment or to manage sudden expenses, Personal Financing-i is a great option to consider.
Applying for Bank Islam Personal Loan
If you are looking for a personal loan, Bank Islam offers a range of Shariah-compliant personal financing options that can cater to your needs. Here is a breakdown of the documentation needed, the application process, and repayment and Takaful coverage for Bank Islam personal loans.
Documentation Needed
When applying for a Bank Islam personal loan, you will need to provide the following documents: