No hidden fees & no collateral requiredWhat is so unique about HSBC Amanah Personal Financing-i?
It is a Shariah-compliant personal financing plan designed for speed — once approved, your financing amount is disbursed almost immediately. There's no collateral required, and no guarantor needed either.
Existing HSBC Amanah account holders with a monthly salary of at least RM8,500 can borrow anywhere from RM6,000 up to RM250,000, with tenures of up to 7 years and profit rates ranging from 4.88% p.a. to 10.75% p.a.
If you hold an existing HSBC or HSBC Amanah Premier relationship with a minimum total relationship balance of RM300,000, you can access the same financing range of RM6,000 to RM250,000 at a profit rate of just 4.88% p.a., with monthly payments starting from RM124. Note that this tier is not eligible for the Premier Perks@Work programme.
What is my monthly payment?
Depending on your financing amount, tenure and profit rate, your monthly instalment payment can be as low as RM124*.
You will be required to open a Savings Account or Current Account with HSBC Amanah, as the bank would prefer you to have a Standing Instruction to automatically deduct the monthly payment from the account.
You must make full payment of your instalment on time. Otherwise, a late payment fee of 1% will be imposed on the outstanding monthly instalment.
*This calculation is based on a 5-year tenure with a financing amount of RM6,000.
Can I settle my HSBC Amanah Personal Financing-i early?
Yes, you can make an early settlement on your personal financing at any point in time during the financing period with no penalty to be charged.
But you are required to submit a 1-month notice to HSBC Amanah.
Who can apply for this Islamic personal financing?
Any Malaysians with a valid IC or permanent residents aged between 21 and 60 years old with a minimum monthly income of RM8,500 (RM102,000 annually) can apply for HSBC Amanah Personal Financing-i.
What documents do I need to prepare for this HSBC Islamic personal financing application?
If you are a salaried employee or commission earner, you will need the following documents:
- A copy of your MyKad (both sides)
- Your latest original EPF statement, and any of the following documents:
- Latest 3 months’ pay slips
- Latest commission statement
- Latest 3 months’ bank statements
- Latest Form BE with tax payment receipt
If you are self-employed, you are required to prepare the following documents:
- A copy of your MyKad (both sides)
- Your business registration form/valid trading licence, and any of the following documents:
- Latest 6 months’ bank statements
- Latest original EPF statement
- Form B with tax payment receipt or CP02 attached
If you hold a foreign passport, you must meet and have the following requirements:
- Working for a multinational, public-listed, government or semi-government company or office, or an HSBC corporate lending employer.
- Copy of your passport
- Work permit valid for at least one year at the time of application
- Letter of confirmation of employment by the employer
- Latest 3 months’ salary slip or bank statement
Important Note: HSBC reserves the right to request additional income documents as deemed necessary.
Am I qualified to apply for HSBC Amanah Personal Financing-i 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.
HSBC Amanah is more likely to approve your HSBC Amanah Personal Financing-i application if you can show that you are managing your personal finances, rather than accumulating more debt.
