Same Day Payout(Last updated: 3 September 2026)
What is Icon Everest Credit Personal Financing-i about?
It is a Shariah-compliant, unsecured personal financing facility offered by Icon Everest Credit Sdn Bhd (Reg. No. 1252567-H), a licensed lender operating in Malaysia with KPKT moneylender licence no. WL6376/10/01-7/160427. It runs on the Commodity Murabahah (Tawarruq) structure, where the profit rate is fixed upfront and built into the sale price, so there are no floating rates or compounding charges to worry about.
What can I do with this personal financing?
The financing is for personal use only and cannot be used for non-halal goods or services. There's no restriction on the specific personal purpose, whether it's covering medical bills, home expenses, or other personal needs. No collateral is required, and no guarantor is needed.
How much can I borrow and what is the profit rate?
You can borrow between RM1,000 and RM150,000 and repay it over 12 to 60 months.
The profit rate is fixed and flat at 18% per annum (unsecured). This means profit is calculated on the full principal for the entire financing period, not on the decreasing balance as you make repayments.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Loan Amount (e.g., RM 150,000.00)
R = Annual Flat Profit Rate (18% / 0.18)
T = Loan Tenure in years (e.g., 5)
M = Total Repayment Period in months (e.g., 60)
For example, you borrow RM150,000 over 60 months, and the total profit comes to RM135,000. That's RM285,000 in total to repay, or RM4,750 per month. This calculation does not include fees. Your actual monthly repayment will vary slightly once stamp duty and other charges are added.
Since flat-rate profit is charged on the full principal throughout the tenure, the true annual cost is higher than the stated 18%. Note that the Effective Profit Rate (EPR) changes with tenure, so a different financing tenure will produce a different EPR.
| Tenure | EPR |
| 12 months | 31.72% p.a. |
| 24 months | 31.46% p.a. |
| 36 months | 30.59% p.a. |
| 48 months | 29.70% p.a. |
| 60 months | 28.88% p.a. |
Do I have to sign up for Takaful coverage?
No, Takaful coverage is optional. Icon Everest Credit encourages applicants to take it up as a safety net in the event of unexpected circumstances, but it is not a condition of the financing.
If you choose a Takaful operator from Icon Everest Credit’s approved panel, the contribution will be deducted from your financing amount before disbursement. If you go with a non-panel operator, you bear the cost separately and need to provide proof of coverage.
What are the fees or charges that are applicable?
- Late Payment Fee:
1% per annum simple profit on the current outstanding amount - Stamp Duty: As per the Stamp Duty Act 1949 (Revised 1989)
Can I settle my financing early?
Yes. You can settle the full financing amount at any time before the maturity date, and Icon Everest Credit will grant a rebate (Ibra') on the unearned profit.
The rebate is calculated as the remaining unearned profit minus any applicable early settlement charges. Written notice is required before your intended settlement date.
How do I pay for my monthly instalments?
Payment can be made via Auto-Debit, JomPay, Cash Deposit Machine, ATM Transfer, Internet Banking, Interbank GIRO (IBG), or instant transfer. You can also authorise Icon Everest Credit to set up Auto-Debit directly from your bank account.
What happens if I'm late in my repayments?
A late payment fee will be applied at 1%
Who is eligible to apply for Icon Everest Credit Personal Financing-i?
Any Malaysians aged 26 to 65 years old with a minimum monthly income of RM1,700 (RM20,400 annually) are eligible to apply. The financing does not require a guarantor or any form of collateral.
What documents should I prepare?
You will need your IC and the following documents to start your application:
- Minimum 3 months' salary slips; AND
- Latest EPF statement; AND
- Latest 3 months' bank statement; AND
- Utility bills
Any questions regarding your personal financing application? Contact Icon Everest Credit:
- Contact number: 03-61407050 / WhatsApp 016-6088484
- Email: [email protected]
Am I qualified to apply if I'm blacklisted?
Icon Everest Credit conducts its own internal credit evaluation as a condition for disbursement. Whether applicants with unfavourable credit listings are eligible must be confirmed directly with Icon Everest Credit.
How can I contact Icon Everest Credit?
No. 11-2, Jalan PJU 5/10, Dataran Sunway, Kota Damansara, 47810 Petaling Jaya, Selangor
License No.: WL6376/10/01-7/160427
Advertisement Permit No.: WP6376/10/01-7/160427
Office Tel: 03-61407050
WhatsApp: 016-6088484
Email: [email protected]
Icon Everest Credit Sdn Bhd (Registration No. (1252567-H))
