Agrobank

Agrobank AgroCash-i

Open for those working in the government or government linked companies ( GLC). Borrow the cash you need for up to 10 years with Takaful protection.

- Financing up to RM200k
- Up to 10 years tenure
- Unsecured Islamic Financing
- Takaful insurance required

Profit rates
Fees & Charges
Requirements
Guide / FAQ
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Apply online now for Agrobank AgroCash-i

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My income is greater than RM12000 a year. That's at least RM1000 monthly.

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Profit rates

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

Financing Value	Financing Period	Your Income	Profit Rate
RM1000 - RM200000	12 to 36 months	RM12000 to 36000	6.45% p.a.
RM1000 - RM200000	48 to 120 months	RM12000 to 60000	6.95% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR: from 6.45% p.a. to 6.95% p.a. , depending on financing amount and period
Stamp Duty: 0.5% of total amount borrowed
Late Payment Charge: 1% from current outstanding amount
Mode of Payment: You must pay your financing installment by salary deduction.
Insurance: You must take takaful insurance with this financing.

Requirements

Are you eligible for this personal financing?

Minimum annual income

RM12000

Minimum age

18 years old

Maximum age

60 years old

Who can Apply

Malaysians
Government employee
Government-Linked Company employee
Contract Government employee

Frequently Asked Questions about Agrobank AgroCash-i

Things you might want to know

What do I need to know about the Agrobank AgroCash-i?

This loan from Agrobank will allow you to borrow money at affordable interest rates for your own personal use or to start sowing the seeds for your business!

You can service your monthly instalments via Biro Perkhidmatan Angkasa (BPA) for easy and hassle free repayments for up to a maximum of 10 years. You can opt for a lower flat interest rate, or a floating rate loan - potentially lowering your interest payments in the future.

Additionally, Takaful insurance protection is compulsory.

Who can apply for this loan?

This personal loan is open to both government servants and those working at selected government linked companies.

Government employees

BPA deduction of no more than 60% of your monthly income
Open to those aged 18 to 60 years old.
Only need a minimum income of RM1,000 per month

GLC employees

BPA deduction of no more than 50% of your salary
Eligible applicants must be between 21 to 60 years old
You will nee at least RM2,000 in monthly income

How much can I borrow from Agrobank?

For government servant, you can borrow up to a limit of RM200,000. But of course, that would depend on a thorough credit check and your monthly income.

As for those working in government-linked companies, you may borrow up to 10x times your gross salary, or based on the maximum financing limit of RM100,000. You will also get different profit rates:

Tenure	Profit Rate
12 to 36 months	BR + 3.22% p.a.
48 to 120 months	BR + 3.67% p.a.

Note: Agrobank current Base Rate is at 3.6%

What do I need to apply for this personal loan?

There are a few documents that you would need before making your way to the nearest Agrobank branch:

Photocopy of Identity Card
Photocopy of latest three (3) months payslip
Employer’s Confirmation Letter
Bank statement where the salary being credited