Looking for a balance transfer plan that helps you save while following the financial principles mandated by the teachings of Islam?
Maybank Islamic Ikhwan Card Balance Transfer is the Islamic balance transfer plan for you.
Tell me about this Islamic balance transfer plan.
Similar to the Maybank Balance Transfer Program, you can consolidate your credit card outstanding balances from up to 3 different credit cards into an Islamic balance transfer plan. The minimum transfer amount is RM1,000 for 6, 9, 12 and 24-month tenures, whereas for 36 months is RM2,000.
The profit rate for this balance transfer program may vary from time to time. Please see the table below for the latest one:
|Tenure||6 months||12 months||9 months||12 months||24 months||36 months|
|Profit Rate (p.a.)||0%||0%||9.00%||12.00%||4.50%||4.95%|
|Upfront Fee (one-time)||1.88% on the approved amount||3% on the approved amount||None||None||None||None|
|Max Transfer||Up to RM50,000||Up to RM50,000||Up to 90% credit limit||Up to 90% credit limit||Up to 90% credit limit||Up to 90% credit limit|
Click here for Maybank Islamic Balance Transfer Product Disclosure Sheet
Click here for Maybank Islamic Balance Transfer Terms and Conditions
Can supplementary card holders apply for a balance transfer?
Only principal card members are eligible to apply for Maybank Islamic Ikhwan Card Balance Transfer, whether you are a new or existing Maybank credit card holder.
What if I fail to make the required monthly instalment payment?
In this case, Maybank will revert your balance transfer to a tiered profit rate between 15% - 18% per annum.
Can I make a minimum monthly payment?
Unfortunately, no. You are required to pay 100% of the monthly repayment.