Bank Islam

Bank Islam Personal Cash Line-i

A personal loan secured against a Bank Islam Fixed Deposit account, Structured Investment, or Unit Trust. Excellent rate with no fees and fast approval.

    • Financing up to RM200k
    • Up to 5 years tenure
    • Secured 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 Bank Islam Personal Cash Line-i

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our terms & conditions. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for Bank Islam Personal Cash Line-i

To help you better we need to know a little bit more about your application.
Confirm your application

Oops. We can't seem to get a quote for you for a while there. Please click "Get Quote" again.

Please fill in all fields and enter a valid email

Thank you for applying with RinggitPlus!

We’ve sent you an email to help with your application.

Continue to Bank Islam website

If you have any questions let us know at can@ringgitplus.com, we'd love to help!

Follow us to keep in touch and not miss out on offers and promotions.

Not the personal financing you're looking for? Did you know you can compare all the personal financing in Malaysia?

Interest Rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM5000 - RM20000012 to 60 monthsmin. RM180007.85% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 7.85% p.a., depending on financing amount and period
Processing Fee
No Fee
Early Termination Fee
None
Late Payment Charge
1% from current outstanding amount on the outstanding amount of the monthly payment

Requirements

Are you eligible for this personal financing?

Minimum annual income
RM18000
Minimum age
18 years old
Maximum age
65 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about Bank Islam Personal Cash Line-i

Things you might want to know

Bank Islam Personal Cash Line-i

How much money can I borrow?

Bank Islam's Cash Line-i allows you to borrow between RM5,000 and RM200,000 over period of six months to five years, secured against a Bank Islam Fixed Deposit account, Unit Trust, or Structured Investment.

How is Cash Line-i secured against my Fixed Deposit, Unit Trust or Structured Investment?

Very simply the amount of money that you can borrow is linked to the funds available, deposited, or invested.

  • Borrow up to 100% of the value of your account if secured against Fixed Deposit.
  • Borrow up to 80% of the value invested if secured against Structured Investment.
  • Borrow up to 60% of the value invested if secured against Unit Trust.

In addition, the Fixed Deposit, Structured Investment, or Unit Trust acts as security against your Cash Line-i loan.

How much does this personal loan cost?

Bank Islam charges a one off ‘Wakalah’ agency fee of RM50. That’s it. There are no hidden charges or fees.

You will need to pay Government Stamp Duty on the amount you borrow, which is calculated at 0.50% of the total amount loaned.

What do I need to apply for this personal loan?

There is no requirement to pay make a deposit or advance payment when you apply for Bank Islam Cash Line-i.

In order to process your application you will be asked to provide some supporting documentation:

Salaried Employee

  • Copy of MyKad (front and back).
  • Last three month’s bank statements
  • Latest payment slip

Self-Employed

  • Copy of MyKad (front and back).
  • Business Registration Certificate or Operating License.
  • Last 6 month’s bank statements.

How do I pay the money back?

Loan repayments begin on the first day of the month following the date you received the money you’ve borrowed. Payments need to be made every month until the total amount of the loan is repaid.

Can I pay this Personal Loan off early?

Of course you can. If you find you have extra cash and want to clear your loan before the it is due you can finish before time by paying the full outstanding amount. There are no penalty fees for early repayment.

Read More