What is so unique about HSBC Amanah personal loan?
HSBC Amanah Personal Financing-i is a fast approval Shariah-compliant personal financing plan that can instantly disburse your financing amount once approved.
As this is unsecured personal financing, you don't need to standby collateral to back up for the application - you are your own paymaster and guarantor!
|Info||New Customers||Existing Customers||HSBC/HSBC Amanah Premier Account Holder|
|Profit rate (flat)||10.5% p.a.||7.50% p.a.||4.88% p.a.|
|Payment period||2-5 years||2-7 years||2-7 years|
|Min. monthly payment||RM163||RM109||RM96|
|Promotion period||-||-||until 31 December 2020|
Please be noted that during the CMCO, HSBC Amanah isn't able to cater to new customers, hence expect a delay on your application.
For existing HSBC customers with the occupation listed below, unfortunately, at the moment the bank won't approve your financing application:
- transportation & logistics
- event organisers
- real estate agency
- oil & gas
- car dealer/rental
How fast can I get my money?
Once you have completed the online application and documents submission, your HSBC Amanah Personal Financing-i application can be approved in no time and your money will be transferred to your bank account within 3 working days.
What is my monthly payment?
Depending on your financing amount, tenure and profit rate, your monthly instalment payment can be as low as RM96*.
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, HSBC Amanah has the rights to penalise you with an increased profit rate and a compensation fee for late payment of 1%.
*This calculation is based on a 7-years tenure with financing amount of RM6,000.
Can I settle my HSBC Amanah Personal Financing-i early?
Yes, you can make 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 loan?
Anyone aged between 21 to 60 years, holding an NRIC or permanent resident of Malaysia status, with a valid proof of income can apply for this personal financing.
The monthly salary of RM3,000 will be applied to existing HSBC and HSBC Amanah account holders, while RM5,000 monthly salary applied to new-to-bank customers.
What documents do I need to prepare for this HSBC Islamic personal loan application?
If you are a salaried employee, 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.
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 these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).
Assuming you have poor credit standing due to irregular payments, the best course of action 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.