AmBank

AmBank Islamic AmMoneyLine Facility-i

An unsecured Islamic personal financing requires no collateral or guarantors and charges zero processing fee. Get 5% rebate every year for prompt repayment!

    • Financing up to RM100k
    • Up to 5 years tenure
    • Unsecured Islamic Financing
    • 48 hours approval
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

Apply online now for AmBank Islamic AmMoneyLine Facility-i

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Profit rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM2000 - RM2000012 to 60 monthsmin. RM240009.99% p.a.
RM21000 - RM5000012 to 60 monthsmin. RM240008.5% p.a.
RM51000 - RM10000012 to 60 monthsmin. RM240008% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 8% p.a. to 9.99% p.a. , depending on financing amount and period
Processing Fee
None
Stamp Duty
0.5% of the whole amount
Early Termination Fee
None
Late Payment Charge
1% from current outstanding amount
Mode of Payment
You must pay your financing installment by salary deduction.

Requirements

Are you eligible for this personal financing?

Minimum annual income
RM24000
Minimum age
21 years old
Maximum age
60 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about AmBank Islamic AmMoneyLine Facility-i

Things you might want to know

Why should I get AmBank Islamic AmMoneyLine Facility-i personal financing?

Whether you want to elevate your lifestyle or in need of cash to cover the unexpected expenses, AmMoneyLine Facility-i is your credit lifeline to fill in the necessary gap. This unsecured personal financing charges zero processing fee upon approval and no penalty for early settlement.

Interestingly, you can get a 5% rebate if you consistently make prompt payment on your monthly instalment every year; that means you could be saving up to 25% for a 5 year-worth of borrowing!

How much money can I borrow?

You can borrow from RM2,000 to a maximum of RM100,000 with AmMoneyLine Facility-i personal financing, subject to credit check and AmBank Islamic's approval. The repayment terms is flexible between 1 to 5 years.

The total cost of obtaining this personal financing includes a statutory Stamp Duty charges, which is calculated as 0.50% of the total amount you borrow.

What is the profit rate for AmBank Islamic personal financing?

The interest rate chargeable on AmMoneyLine Facility-i personal financing is based on a flat rate and tiered according to your type of employment and borrowing amount.

For salaried employees, you will be charged between 8% to 9.99% p.a.; whereas self-employed and commission earners, the personal loan interest rate will be as follows:

Type of EmploymentLoan AmountInterest Rate
Self Employed and Commission EarnersRM2,000 - RM100,00011.99% (flat)

Your monthly instalment amount, whether fixed or variable income, is fixed throughout the tenure.

Do I need a Takaful cover?

The insurance policy, known as Reducing Term Takaful (RTT), to cover the personal loan unpaid outstanding balance is optional.

How do I pay AmBank Islamic personal financing monthly instalment?

Once you have received the money, your personal financing repayment will begin from the start of the following month. You must commit to service your monthly instalment payment every month until the total outstanding balance of the loan is fully repaid.

Payment can be made by cheque or cash as AmBank Islamic does not demand standing instructions or salary deductions. Should you fail to make your payment on time, AmBank Islamic will charge you a 1% late payment fee, which will be compounded if left unchecked!

You can pay your personal financing off before the end of tenure anytime, but AmBank Islamic requires you give a 1-month notice, in writing, before you make your final payment.

What documents I need to apply for AmMoneyLine Facility-i personal financing?

As this is an unsecured personal financing, you don't need to standby a guarantor or collateral. Together with the application form, you will be asked to provide following supporting documents:

Salaried Employee:

  • Copy of MyKad (front and back)
  • Latest 1-months salary slips; OR
  • Latest EPF statement; OR
  • Latest BE Form with tax payment receipt; OR
  • Latest EA Form.

Self-Employed:

  • Copy of MyKad (front and back)
  • Business Registration Certificate (must be at least two years old);
  • Latest 6-months personal or Company's bank statement;
  • Latest B Form from the Inland Revenue Board ( LHDN);
  • Latest EPF statement.

Commission earner:

  • Copy of MyKad (front and back)
  • Latest 6-months salary slip (for salary employee with commission);
  • Latest 3-month salary slip (for salary employee with variable income);
  • Latest 6-month commission statement;
  • Latest EPF statement;
  • Latest 6-month bank statement where commission (and salary, if any) is credited;
  • Latest B / BE Form with tax payment receipt;
  • Latest EA Form.

Am I qualified to apply for AmBank Islamic 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.

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

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