Bank Islam Personal Financing-i Medical Practitioner

An unsecured Islamic personal loan package for medical practitioners and selected professionals with competitive profit rates and high financing limits.

Bank Islam Personal Financing-i Medical PractitionerLow profit rates!
Profit Rate
From 5.97% 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. RM48,0005.97% p.a. - 6.18% p.a.

Fees & Charges

Profit Rate / APR
As low as 5.97% 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
  • 25 to 60 years old
Who can apply
  • Malaysians
  • Contract and Permanent Staff
  • Medical Practitioners
  • Accountant
  • Engineer
  • Lecturer
  • Architect
  • Safety Officer
  • Veterinary
  • Quantity Surveyor
  • Actuary

More Information

Who can apply for Bank Islam Personal Financing-i Medical Practitioner?

Bank Islam Personal Financing-i Medical Practitioner is open to all fixed-income earners of medical practitioners and selected professionals. 

To qualify for this unsecured Islamic personal loan facility, you must meet the following minimum requirements:

  • Must be a Malaysian citizen
  • Must be aged between 25 to 60 years and not exceeding the retirement age or the end of financing tenure
  • Minimum monthly income of RM4,000 for Non-Package (without Takaful coverage)
  • Minimum monthly income of RM5,000 for Engineers and Accountants
  • Must be a permanent staff of more than 6 months, contract staff must be more than 2 years with the Government only
  • For self-employed, your business must be at least 2 years

How much money can I borrow from this Islamic personal loan?

The profit rates will vary depending on the type of financing package, either with or without Takaful coverage and the profit rate types, whether flat or floating rate. 

For options with a Takaful coverage, you can refer to the profit rate table above.

For options without a Takaful coverage, you will get a financing rate of 7.45% p.a. throughout the tenure of up to 3 years, and 9.35% for up to 10 years when you borrow any amount between RM10,000 and RM200,000.

Are there fees and charges I should know?

There is no fee for the processing of this Islamic financing, except for a Wakalah (Agency) Fee of RM50. 

Bank Islam also requests you to make an Advance Payment of the equivalent of 2-month instalments upon approval.

Besides that, the Islamic financing facility is also subject to the Government Stamp Duty, which is calculated as 0.50% of the total amount borrowed.

How do I pay the money back?

You will start repaying your Islamic personal loan the month after you have received the money into the bank account of your choice. 

You must make a prompt payment every month to avoid being charged with a 1% late penalty fee.

If you feel like settling the personal financing off ahead of the maturity date, you can do so and will be entitled to an ibra' (rebate), which is equivalent to the remaining profits at the time of settlement.

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

What documents are required to apply for Bank Islam Personal Financing-i Medical Practitioner?

Before making your way to the nearest Bank Islam branch to submit your application, you will be asked to provide supporting documents, such as:

Salaried Employee:

  • Copy of IC (front and back)
  • Latest 3-months salary slips
  • Latest 3-months bank statements of your salary crediting account
  • Copy of confirmation letter from your employer
  • Latest EPF statement
  • Latest income tax payment with an official tax receipt
  • Copy of registration certificate with the Malaysian Medical Council or Malaysian Dental Council

Sole-Proprietorship or Partnership:

  • Copy of IC (front and back)
  • Copy of business registration certificate
  • Latest 6-months current account statement
  • Latest 2-year financial statement
  • Latest annual income statement (B/BE Forms) with an official tax payment receipt
  • Copy of registration certificate with the Malaysian Medical Council or Malaysian Dental Council
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