Bank Islam Personal Financing-i Non-Package

A simple unsecured Islamic personal loan with fixed and competitive profit rates, plus no nerve-racking charges, exclusively for permanent Public Listed Company employees.

Bank Islam Personal Financing-i Non-PackageLow Interest Rate
Profit Rate
From 4.5% 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. RM48,0004.5% p.a. - 7.5% p.a.

Fees & Charges

Profit Rate / APR
As low as 4.5% 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
  • 18 to 60 years old
Who can apply
  • Malaysians
  • Salaried employee
  • Public Listed Company employee

More Information

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

This unsecured personal 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 to 60 years of age and not exceeding the retirement age or the end of financing tenure
  • Must earn a minimum monthly income of RM4,000.

How much money can I borrow?

For this Non-Package Islamic personal financing facility, you can borrow any amount between RM10,000 to RM300,000. The repayment terms can be flexible and stretched for up to ten years or upon the age of retirement, whichever is earlier. 

To enjoy a competitive flat profit rate, you need to add a one-time Takaful contribution (Personal Financing Takaful Plan) to your total financing amount. However, this is optional. The table below would be the profit rates with Takaful coverage:

Tenure (Year)Profit Rate
1 - 34.50% p.a.
4 - 85.90% p.a.
9 - 106.50% p.a.

However, if you wish to apply without Takaful coverage, you may find the profit rates as follows:

Tenure (Year)Profit Rate
1 - 36.00% p.a.
4 - 87.50% p.a.
9 - 107.50% p.a.

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 two-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.

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 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 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.

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