Express ApprovalIn need of cash to meet your children's college fees or expensive medical bills? Or maybe going on a holiday or for DIY home improvement?
A personal financing plan like AEON i-CASH Personal Financing can help bridge the financial gap without breaking the bank!
Tell me about AEON i-CASH Personal Financing.
The iCASH Personal Financing is an unsecured Islamic personal financing with a high financing limit and low monthly profit rates.
This Shariah-compliant financing is easy to apply and does not require a security deposit or guarantor.
You can borrow a minimum of RM1,000, up to RM100,000 from AEON i-CASH Personal Financing and repay the Islamic facility over flexible terms between 6 to 84 months.
Who can apply for AEON i-CASH Personal Financing?
AEON i-CASH Personal Financing is open to Malaysian citizens working in the private sector and uniform bodies such as the police and military, with a minimum income of RM1,500 every month.
How fast can I get my money?
You can get your financing instantly if you choose to disburse it to your AEON Member Plus Visa Card. To do so, please choose the said card option when you're submitting your application online.
Alternatively, you can choose to disburse your approved financing to your Current/ Savings Account. However, this option will take around 1 to 3 days.
This is a fully digital process and self-onboard so before you can get your hands on the money, you must e-sign the Sales & Purchase Agreement or visit the nearest AEON Credit branches. After that, you can withdraw the money from any ATM.
We also would like to highlight that if you have the AEON Member Plus Visa Card, you can have your funds transferred for up to RM10,000 and withdraw at your nearest AEON Credit branches.
How do I pay the money back?
Your i-CASH Personal Financing facility payments should be made on time as stipulated in your agreement.
Various payment channels are provided to pay for your monthly instalments such as via Internet Banking, Interbank GIRO, Banking Kiosks (ATM/CDM/CQM), Banking Counter (BSN), AEON Wallet or cheque payment/CDM at AEON Credit Service Centers.
Suppose you are late on your monthly payment, then you will be charged a late penalty fee of 1% per annum on the outstanding payments, from the overdue date until the date of full payment during the Tenure or until the judgment date (whichever is earlier). So make sure to pay on time!
What is the cost of obtaining AEON i-CASH Personal Financing?
There is a processing fee of 4% for the financing amount below RM10,000. Planning to finance more than that? Enjoy only a 2% processing fee for an amount between RM10,001 and RM100,000, capped at RM400.
As of writing, it is also worth highlighting that you will need to pay a Wakalah Fee of RM10.80 (inclusive of 8% SST).
Can I pay my AEON i-CASH Personal Financing off early?
Of course. You can finish paying your i-CASH Personal Financing facility as soon as you wish with no charges at all!
What documents do I need to prepare for AEON i-CASH Personal Financing application?
You must be a Malaysian citizen aged 18 years old and above with a minimum gross income of RM1,500 per month. Together with your application form, you need to provide all these supporting documents.
If you're a salaried employee:
- Copy of your IC (front and back)
- Latest 1-month payslip or
- Latest EPF statement
If you're a variable income earner (commission or non-commission):
- Copy of your IC (front and back)
- Latest 3-months payslips or
- Latest 6-months commission statement or
- Latest EPF statement
If you're self-employed:
- Copy of your IC (front and back)
- Company Business Registration Certificate (ROC and ROB) and any of the supporting documents below:
- Latest 6 months Company's principal current account statement, or
- Latest updated bank savings account passbook or bank statement, or
- Latest updated BE/E Form and Tax payment receipt.
