Bank Islam Floating Rate Personal Financing-i Package

No hidden charges, no guarantor, no deposit and no processing fee personal financing with up to RM300,000 financing limit and competitive floating rates.

Bank Islam Floating Rate Personal Financing-i PackageBorrow up to 10 years!
Profit Rate
from 4.92% p.a.
up to RM300k
up to 10 years
Loan Type
Unsecured Islamic Financing
Takaful Insurance
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. RM24,0004.92% p.a. - 5.02% p.a.

Fees & Charges

Profit Rate / APR
As low as 4.92% 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
You must take takaful insurance with this financing


Minimum Annual Income
Minimum Age
  • 18 to 60 years old
Who can apply
  • Malaysians
  • Government employee
  • Government-Linked Company employee
  • Public Listed Company employee
  • Salaried employee

More Information

Am I qualify to apply for Bank Islam Floating Rate Personal Financing-i?

Only Government employees, employees of Government Linked Companies and Public Listed Companies as well as employees in selected private limited companies can apply for Bank Islam Floating Rate Personal Financing-i

You need to earn upward of RM2,000 every month to qualify for this floating rate personal financing.

What can I get from this floating rate personal financing-i package?

This Islamic personal financing from Bank Islam is calculated on a floating or variable rate basis, with or without Takaful coverage.

With Takaful coverage:

Tenure Profit Rate
1 - 3 years BR + 1.90% p.a.
4 - 10 years BR + 2.00% p.a.

Without Takaful coverage:

Tenure Profit Rate
1 - 3 years BR + 3.38% p.a.
4 - 10 years BR + 5.28% p.a.

*Bank Islam's current Base Rate is 3.02% p.a.

This personal financing offers a borrowing amount between RM10,000 to RM300,000 with repayment period of up to 10 years earlier.

Does Bank Islam require Advance Payment?

Yes. You are required to make an advance payment, which is equivalent to 2-months installment amount. 

How do I repay my monthly installments?

You need to arrange your monthly installment payments either through Salary Deduction, Salary Transfer with Auto Fund Transfer or Standing Instruction.

To avoid being penalised with a late payment charge of 1% on the outstanding balance, you are advised to make your monthly installment payment on time. 

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

You can make an early settlement of your personal financing anytime before maturity as there is no lock-in period and no penalty. 

In fact, you will receive an Ibra’ (rebate) which is equivalent to the remaining profit charges at the time of settlement.

What documents are required to apply for this floating rate personal loan?

As this is an unsecured personal financing package, 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 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).

I'm blacklisted, can I apply for Bank Islam Floating Rate Personal Financing-i?

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.

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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