Bank Islam

Bank Islam Flat Rate Personal Financing-i Package

A Shariah compliant personal financing with no hidden fees that will thin your wallet! That's not all, your application is also guaranteed with fast approval.

    • Financing up to RM200k
    • Up to 10 years tenure
    • Unsecured Islamic Financing
    • Takaful insurance required
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

Apply online now for Bank Islam Flat Rate Personal Financing-i Package

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Profit rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM10000 - RM20000012 to 120 monthsmin. RM240004.99 - 7% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 4.99% p.a. to 7% p.a. , depending on financing amount and period
Processing Fee
Stamp Duty
0.5% of the whole amount
Early Termination Fee
Late Payment Charge
1% from current outstanding amount
Mode of Payment
You must pay your financing installment by salary deduction.
You must take takaful insurance with this financing.


Are you eligible for this personal financing?

Minimum annual income
Minimum age
18 years old
Maximum age
60 years old
Who can Apply
  • Malaysians
  • Government employee
  • Government-Linked Company employee
  • Public Listed Company employee
  • Salaried employee

Frequently Asked Questions about Bank Islam Flat Rate Personal Financing-i Package

Things you might want to know

Who is eligible for Bank Islam’s Personal Financing-i Package?

Only Government employees, employees of Government Linked Companies and Public Listed Companies as well as employees in selected private limited companies can apply for this product. You need to earn upward of RM2,000 every month to qualify for this flat rate personal financing.

How much money can I borrow?

Applicants may borrow from RM10,000 to a maximum of RM200,000. Repayment terms are up to ten (10) years or age of retirement, whichever is earlier. The outcome of a credit check will determine the maximum credit limit for your borrowing.

How much does Bank Islam Personal Financing-i package cost?

There are no processing fees, only a Wakalah (Agency) fee of RM50. Applicants will also be required to pay Government Stamp Duty, which is calculated at 0.5% of the total amount borrowed.

What do I need to apply for the Bank Islam Personal Financing-i package?

The package is an unsecured personal loan so you will not need to provide a guarantor, deposit or other security. To make an application you will be asked to provide supporting documents:

  • Copy of MyKad (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 one of the followings:

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

How do I get my hands on the money?

The application process may take a few business days to complete. Once your application has been approved the borrowed money will be transferred to the account of your choice.

How do I pay the money back?

Loan repayments will be scheduled monthly as and when you make your loan application. Payments must be made by Salary Deduction, Salary Transfer with Auto Fund Transfer, or Standing Instruction.

If you do not make your payments on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% p.a. compensation fee.

Can I pay my Bank Islam Personal Financing-i loan off early?

Yes, you may settle your loan before is due by paying the total amount owing. You will be entitled to an Ibra’ (rebate) which is equivalent to the remaining profit at the time of settlement. No penalty fees are charged for early repayment.

Is this Bank Islam Personal Finance product Syariah compliant?

Yes, the Syariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts.

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