Affin Islamic Personal Financing-i

Fulfill your dream affordably with an Islamic personal financing that offers low and fixed profit rate, high margin of financing and flexible tenures up to 10 years.

Affin Islamic Personal Financing-iLow Fixed Rate!
Profit Rate
from 5.5% p.a.
Financing
up to RM150k
Tenure
up to 10 years
Loan Type
Unsecured Islamic Financing
Min. Income
RM1,500/month

Loan calculator

Profit rates

How much the bank charges you based on your loan amount & loan period

Financing ValueFinancing periodYour incomeProfit Rate
RM2,500 - RM5,00024 to 120 monthsup to RM30,0005.5% p.a.
RM5,000 - RM150,00024 to 120 monthsmin. RM30,0015.5% p.a.

Fees & Charges

Profit Rate / APR
As low as 5.5% p.a., depending on financing amount and period
Processing Fee
None
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
None
Late Penalty Fee
 1%  from current outstanding amount
Mode of Payment
You must pay your financing installment by salary deduction

Requirements

Minimum Annual Income
RM18,000
Minimum Age
  • 21 to 58 years old
Who can apply
  • Malaysians
  • Confirmed and Permanent Staff
  • Salaried employee
  • Government-Linked Company employee
  • Armed Forces

More Information

Tell me about this Islamic personal financing by Affin Islamic Bank.

This is a clean and unsecured Islamic personal financing based on the Tawarruq contract offered to eligible borrowers for personal consumption and not for luxurious purpose. Affin Islamic Bank requires you to disclose the purpose of financing in the application form.

What do I get from Affin Islamic Personal Financing-i?

You can borrow any amount between RM2,500 to RM150,000 from 2 years up to 10 years with Affin Islamic Personal Financing-i. Besides, you will also be charged with a competitive fixed and flat rate of 5.50% p.a. for the whole tenure.

How do I repay this Islamic personal financing?

You will have from 3 options to choose to repay your monthly instalment to Affin Islamic Bank, such as by salary deduction, auto debit for monthly instalment (for employees whose salary is credited to Affin Islamic Bank account),or Standing Instruction.

Do I need a guarantor or collateral for this loan application?

There is no need to standby a guarantor or collateral when applying for Affin Islamic Personal Financing-i. However, you will be asked to make 1-month advance payment and 2-months instalment amounts as security deposit. 

This amount will be deducted from your approved financing limit upon facility disbursement.

What are the fees and charges I have to pay?

You need to pay the statutory Stamp Duty fee, which is calculated at 0.5% from the financing amount, in addition an Agency fee. Affin Islamic Bank does not charge processing fee and early termination fee.

Who can apply for this Islamic personal financing?

The minimum age eligible to apply for this Islamic financing is 21 years old, with the maximum age capped at 58 years old. Affin Islamic Personal Financing is open to confirmed staff of corporate companies, government-linked companies and armed forces.

Employees of corporate and government-linked companies must earn a minimum of RM2,500 per month, whereas armed forces is RM1,500 per month.

Am I qualified to apply for Affin Islamic Bank personal financing if I'm blacklisted?

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS/ CTOS (a system that collect credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

Affin Islamic Bank is more likely to approve your personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.