Bank Islam

Bank Islam Installment Payment Plan

Check out the Bank Islam IPP and enjoy interest free shopping with a minimum amount of RM150 only!

    • Up to 36 months
    • No early termination fee
  • Instalment PeriodInterest RateMinimum Amount
    3 months0% p.a. and no one-time upfront handling feeRM150
    6 months0% p.a. and no one-time upfront handling feeRM300
    12 months0% p.a. and no one-time upfront handling feeRM600
    18 months0% p.a. and no one-time upfront handling feeRM900
    24 months0% p.a. and no one-time upfront handling feeRM1200
    36 months0% p.a. and no one-time upfront handling feeRM1800

    How To Apply for Bank Islam Installment Payment Plan

    Get help with making your expensive shopping habits affordable

    When you're out shopping with your Bank Islam credit card, keep in mind that those larger purchases can be turned into smaller payments with an Installment Payment Plan.

    1. To apply simply call 03 2690 0900 within 3 days of the date of purchase date.
    2. Mention the purchases that you'd like converted by referring to your credit card receipt. 
    3. Finally, choose your preferred repayment plans of 3, 6, 12, 18, 24 or 36 months and there you have it. Smaller interest free payments in no time. 

    Frequently Asked Questions about Bank Islam Installment Payment Plan

    Things you might want to know

    Why should I sign up for an Installment Payment Plan (IPP)?

    Shop for your favorite things without breaking the bank! You can fulfill your wish list in small installments and 0% interest under the Bank Islam Installment Payment Plan (IPP). 

    Give me the details

    With this IPP you only have to spend a minimum of RM150 to be eligible for the plan, with a repayment period of 3 months. Similarly, if you made a purchase of more than RM300 you have the repayment period of 6 months. This goes on to the maximum limit of RM1800.

    The best part, these repayments are with 0% interest. That’s right no interest at all. Even with a tenure of up to 36 months. Say adios to that 18% p.a. that seems to always gets us down.

    How does it work?

    It’s pretty easy, be sure to make your payments with the minimum amount in a single receipt. Thereafter, just call the bank and have them convert your purchase under the IPP.

    This plan is open to both principal and supplementary card holders. So even your loved ones can make purchases and have them converted into the plan.

    Are there any T&C’s I should take note of?

    Well yes, this plan works on the assumption that you make all your payments on time every time, with in the stipulated period. If payments are not made on time, then the condition falls and the outstanding balance is subject to a regular interest rate.

    Also, this plan is only available for purchases that have yet to be billed. If they have already appeared on your statement, then you can no longer convert them.

    So take advantage of 0% interest! Happy Shopping.

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    Apply online now for Bank Islam Installment Payment Plan

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