HSBC Amanah Personal Financing-i is a Syariah compliant personal financing plan based on the concept of Commodity Murabahah. Your financing amount can be used for just about everything - pay for your child's college fees, family holiday, or hospital bills.
What is the financing amount?
You can finance from RM6,000 up to a maximum of RM150,000 at 10.5% p.a. for existing HSBC or HSBC Amanah customers. However, new-to-bank applicants can finance up to RM120,000.
Once you have established a credit history by making prompt payment, top-ups to your financing amount can be made in multiples of RM500 (subject to approval).
If you apply before 28th of February 2017, HSBC has a special deal where any loan amount and tenure you choose will have a lower interest rate of only 7% p.a.!
Do I need a guarantor or collateral?
You don’t have to pay a deposit, pledge any collateral, or need to bring along a guarantor for this financing plan.
Who is eligible to apply or the HSBC Amanah Personal Financing-i?
Anyone aged between 21 to 60, is a Malaysian or have PR status, and a monthly salary of no less than RM3,000 can apply for this financing.
The monthly salary of RM3,000 will apply to existing HSBC/ HSBC Amanah account holders. Otherwise, the minimum monthly salary required is RM5,000 per month.
How soon can I get the financing amount?
HSBC Amanah may take a few working days to process your application. You will get instant cash credited into your account with HSBC Amanah upon approval.
How do I pay the monthly payment?
Your payment schedule will be handed to you when your financing plan has been approved.
You will be required to open a savings 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 - that way, you'll never be late!
Can I settle my financing early?
Yes, you can make early settlement at any point of time during the financing period. No penalty is imposed on the early settlement. However, HSBC would require a 1 month notice.
What do I need to apply for HSBC Amanah Personal Financing-i?
If you are salaried, you will need the following documents:
If you are self-employed, you are required to prepare the following documents:
HSBC reserves the right to request for additional income document as deemed necessary.