Bank Islam Flat Rate Personal Financing-i Package

For employees in the public sector: consolidate all your debt, renovate your home or pay for immediate needs with fast approval Shariah-compliant personal financing from Bank Islam.

Bank Islam Flat Rate Personal Financing-i PackageFlat Profit Rate
Profit Rate
From 4.2% p.a.
up to RM300k
up to 10 years
Loan Type
Unsecured Islamic Financing
Min. Income

Loan calculator

Profit rates

Based on your loan amount & loan period, the profit rates are as low as the following

Financing ValueFinancing periodYour IncomeProfit Rate
RM10,000 - RM300,00012 to 120 monthsmin. RM24,0004.2% p.a. - 5.99% p.a.

Fees & Charges

Profit Rate / APR
As low as 4.2% p.a.,depending on financing amount and period
Processing Fee
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
Late Penalty Fee
 1%  from current outstanding amount
Mode of Payment
You must pay your financing installment by salary deduction


Minimum Annual Income
Minimum Age
  • 18 to 60 years old
Who can apply
  • Malaysians
  • Salaried employee
  • Government employee
  • Selected Public Listed Company employee
  • Subsidiaries of Government or Selected Public Listed Company
  • Other Prominent Private Limited Companies as categorized under package companies listed by Bank Islam

More Information

Who can apply for Bank Islam Personal Financing-i Package?

Bank Islam Personal Financing-i Package is only open for government employees, employees of Government Linked Companies and Public Listed Companies as well as employees in selected private limited companies.

You need to earn RM2,000 and above every month to qualify for this flat-rate personal financing.

What can I get from Bank Islam's personal loan?

You can apply any amount between RM10,000 to RM300,000 from this Islamic personal financing at competitive profit rates calculated on a flat rate basis. 

When you take this financing with Takaful Coverage, you'll get to enjoy a lower profit rate of between 4.20% - 4.35% p.a. However, if you opt without the Takaful Coverage, the profit rate is 5.99% p.a.

On a special note, Bank Islam does not charge any hidden fees. 

The only charges you must pay are the government Stamp Duty, which is calculated at 0.50% of the total amount borrowed, and a Wakalah (Agency) Fee of RM50.

Does Bank Islam require Advance Payment?

Although the concept is unheard of in any personal loan products in the market, Bank Islam, however, requires you to make an advance payment, which is equivalent to a 2-months instalment. 

The advance payment will be used to offset the instalment payment for the first two months, which gives you some room for savings as well.

How do I repay my monthly instalments?

Bank Islam requires you to arrange either Salary Deduction, Salary Transfer with Auto Fund Transfer or Standing Instruction for the monthly instalment payments.

Should you be late on your payment, Bank Islam has the right to charge you a penalty (Compensation Fee) of 1% p.a.

Can I make an early settlement on my Islamic personal loan?

You can choose to settle your Islamic personal loan anytime before maturity as there is no lock-in period. 

In fact, you will receive an Ibra’ (rebate) which is equivalent to the remaining profit charges at the time of settlement. No penalty will be charged for early settlement.

What documents are required for the application?

As Bank Islam Personal Financing-i Package is an unsecured loan, you don't need to standby a guarantor, deposit or collateral to back your application up. 

To apply, you will be asked to provide supporting documents:

  • Copy of your IC (front and back);
  • Latest 3-months salary slips;
  • Latest 3-months bank savings account passbook or current/savings account statement;
  • Latest employer's confirmation letter;

And any one of the following:

  • EPF statement;
  • Latest income tax form (Form B or Form EA/EC).

Am I qualified to apply for Bank Islam Personal Financing-i Package if I'm blacklisted?

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

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

Bank Islam 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.

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