Bank Islam Personal Financing-i Non-Package

Who can apply for Bank Islam Personal Financing-i Non-Package?

This unsecured financing is open to employees of Public Limited Companies. To qualify, you must meet the minimum requirements, such as:

• Must be a Malaysian citizen
• Must be between 18 and 60 years of age and not exceeding the retirement age or the end of financing tenure
• Must earn a minimum basic monthly income of RM2,000.

How much money can I borrow?

You can borrow any amount between RM10,000 and RM300,000. The repayment terms can be flexible and stretched for up to ten years or upon the age of retirement, whichever is earlier. 

The financing rate varies depending on whether with or without Takaful coverage, tenures, the payment methods, salary and existing home financing-i customers.

Via salary transfer:

Via standing instruction:

Via standing instruction (For a monthly salary below RM4,000):

Via standing instruction (For existing Home Financing-i customers):

*Bank Islam's current Standardised Base Rate (SBR) is 2.75% p.a. (Effective 10 July 2025)

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. 

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

Do I need a guarantor or collateral?

Depending on Bank Islam's assessment of your credit standing, you may need to provide a guarantor or collateral. In this case, for a financing amount of more than RM30,000, one guarantor is required.

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 a Salary Transfer or a Standing Instruction for the monthly instalment payments.

What documents are required to apply for Bank Islam Personal Financing-i Non-Package?

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

• Copy of your IC (front and back)
• Latest 3-months salary slips
• Latest Confirmation Letter from Employer

And at least one of the following:

• EPF statement
• Latest 3-months bank statement showing salary crediting
• Latest income tax form (Form B or Form EA/EC).

Am I qualified to apply for Bank Islam personal financing if I'm blacklisted?

Depending on your credit history with other financial institutions because all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course 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.