Personal financing can be a useful tool towards helping you realise your goals as it can give you the financial assistance needed to further studies or even start a side hustle. Alternatively, it can also be a handy cushion during times of need. By its very nature, financial emergencies tend to come without any warning, sometimes as unexpected medical bills, home repairs or renovation, or even your car breaking down — in these situations, it might be useful to take out a personal financing. 

As such, personal financing offers a unique flexibility since they can be taken out for a variety of reasons, provide a lump sum of money, and when used right, might be more cost-efficient. 

What’s more, there are many different types of personal financing including ones that offer  exclusive  benefits  for  individuals  working  in a  specific  profession.  One  such personal  financing  is  Bank  Islam’s  Personal  Financing  for  Professionals  Programme. This  Shariah-compliant  financing  programme  is  exclusively  available  for  13  specific professions, such as: Doctors, Dentists, Accountants, Engineers, Lecturers, Architects, Safety   Officers,   Pharmacists,   Veterinarians,   Optometrists,   Opticians,   Quantity Surveyors, and Actuarists.

Under the Personal Financing for Professionals Programme, individuals working as any of the above 13 professions can gain access to a number of exclusive benefits such as maximum financing, competitive profit rates, and more. Let’s a take a closer look at what these benefits are:

Enjoy Shariah-Compliant financing up to RM300,000 with competitive rate as low as 4.20% p.a.

Whether it’s for personal use or to cover a financial emergency, the Personal Financing for  Professionals  Programme  offers  high  financing  amounts  that  range  between RM10,000  to  RM300,000.  On  top  of  that,  approved  applicants  will  also  enjoy competitive profit rates from as low as 4.20% p.a. alongside the reassurance of Bank Islam’s fully Shariah compliant processes. Do keep in mind that the financing limit and profit rate will also depend on your current credit score, and other factors.

Financing for debt consolidation

This  competitive  profit  rate  can  also  come  in  handy  if  you’re  looking  for  a  personal financing  for  debt  consolidation.  With  debt  consolidation,  you  can  consolidate  any existing debts such as credit cards or other personal financing under a single financing. The advantages of debt consolidation include improved cash flow since you’ll only be making a  single  monthly  payment,  could  reduce  monthly  payments,  and,  with  low profit  rates  such  as  those  offered  by  the  Personal  Financing  for  Professionals Programme, you’ll also potentially reduce your overall profit cost and save more.

More protection with Takaful coverage

Additionally, with the Personal Financing for Professionals Programme, you can also opt for Shariah-compliant coverage with Takaful protection for any unfortunate event of death or total permanent disability during the financing tenure. The additional Takaful protection gives you the benefit of peace of mind and taking care of your loved ones by reducing their financial worries during what may be a difficult and stressful time.

Speedy application with doorstep banking

Lastly,  applying  for  the  Personal  Financing  for  Professionals  Programme  is  a  breeze! Bank  Islam’s  doorstep  banking  brings  the  bank  to  you  so  that  you  can  conveniently apply  for  financing  online  with  just  a  few  necessary  documents.  The  user-friendly online  application  form  allows  you  to  easily  apply  at  your  convenience  without  the restrictions of branch opening hours. 

With their innate flexibility, personal financing can be useful to your personal finances since they can be used for just about anything. However, it is important to be cautious and  fully  understand  the  details  of  the  contract  prior  to  signing  up  for  any  personal financing as it is a long-term commitment.

That  said,  if  you’re  a  professional  who’s  working  as  any  of  the  13  professions  listed above and is considering a personal financing why not take a closer look at Bank Islam’s Personal  Financing  for  Professionals  Programme?  With  a  convenient  application process,  exclusive  benefits  just  for  you,  and  competitive  profit  rates,  the  Personal Financing  for  Professionals  Programme  may  be  just  the  financial  boost  you  need  to help you achieve your goals and dreams. 

Learn more about Bank Islam’s Personal Financing For Professionals Program. 

• TAGS:
• Bank Islam
• Online
• Personal Financing
• Shariah Compliant
• Takaful