Bank Islam

Bank Islam Personal Financing-i Medical Practitioner

An unsecured Islamic personal loan package for the Medical Profession

    • 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.: -%

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Interest Rates

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

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

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 4.99% p.a., depending on financing amount and period
Processing Fee
No Fee
Late Payment Charge
1% from current outstanding amount on the outstanding amount of the monthly payment
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
25 years old
Maximum age
65 years old
Who can Apply
  • Malaysians
  • Medical Practitioner

Frequently Asked Questions about Bank Islam Personal Financing-i Medical Practitioner

Things you might want to know

Who is eligible for this Bank Islam Personal Financing-i product?

Only employees, sole-proprietors and members of partnerships working in the Medical profession may apply for this loan. You must earn in excess of RM2,000 per month.

How much money can I borrow?

You can borrow between RM10,000 and RM200,000. The repayment terms may be up to fifteen years (or age of retirement, whichever is earlier). During your application you will be credit checked, the outcome of this process will determine your maximum borrowing credit limit.

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

No processing fees are charged, only a Wakalah (Agency) fee of RM50. You will also need 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. In most cases you will not need to provide a guarantor, deposit or other security. You will be asked to provide supporting documents:

Salaried Employee

  • Copy of MyKad (front and back)
  • Latest letter of confirmation from employer
  • Certificate of registration with Malaysian Medical Council or Malaysian Dental Council
  • And at least one of the followings:
  • Latest payment slip or EPF statement, or
  • Last three month’s bank savings account passbook or current/savings account statement.

Sole-Proprietorship or Partnership

  • Copy of MyKad (front and back)
  • Business Registration Certificate
  • Last six months current account statements
  • Most recent Form B from the Inland Revenue Board
  • Latest EPF form and 12 months records
  • Certificate of Registration with Malaysian Medical Council or Malaysian Dental Council

How do I get my hands on the money?

The application process should be completed within a few business days. Upon approval 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. Payments must be made by Salary Deduction, or Salary Transfer with Auto Fund Transfer for employees, or Auto-Debit for Sole Proprietors and Partnerships.

If payments are not made on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% per annum late payment fee.

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

Yes, the loan may be ended at any time by paying the total outstanding amount. Borrowers 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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