JCL i-Fund Personal Financing

A fast approval Shariah-compliant personal financing that can be applied online at your convenience. No guarantor or collateral is required, and no early settlement fee.

JCL i-Fund Personal FinancingFast Approval
Profit Rate
From 18% p.a.
up to RM50k
up to 5 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
RM1,000 - RM50,0006 to 60 monthsmin. RM12,00018% p.a. - 20% p.a.

Fees & Charges

Profit Rate / APR
As low as 18% p.a.,depending on financing amount and period
Processing Fee
Stamp Duty
Early Termination Fee
Late Penalty Fee
1% Ta'widh (Compensation) and 7% Gharamah (Penalty) per annum will be imposed upon the amount due.


Minimum Annual Income
Minimum Age
  • 18 to 60 years old
Who can apply
  • Malaysians
  • Individuals residing in Klang Valley, Penang, Johor, Ipoh, Kedah and Kelantan only
  • Salaried employee
  • Self-employed
  • Commission earner

More Information

What is JCL i-Fund Personal Financing?

The JCL i-Fund Personal Financing is an unsecured Islamic personal loan from a licensed credit leasing company called JCL Credit Leasing. 

This personal financing is designed without the need for collateral or a guarantor, and it also applies the Shariah concept of Tawarruq.

What can I do with JCL i-Fund Personal Financing?

Life is full of turn of events. Whether you finally can hire a professional to design your dream kitchen, or you’re to send your children to their dream university, or perhaps a medical emergency just occur and you are at your wit's end; the JCL i-Fund Personal Financing can easily help bridge your financial gap.

How much can I borrow and what are the profit rates?

You can borrow from as low as RM1,000 up to the maximum financing amount of RM50,000 over flexible tenures between 6 to 60 months with the JCL i-Fund Personal Financing. 

The facility is calculated on a flat rate basis, which ranges from 18% p.a. - 20% per annum.

Minimum FinancingRM1,000
Maximum FinancingRM50,000
Tenure6 months - 60 months
Profit Rate (Flat)18% p.a. - 20% p.a.

How fast can I get my approved financing?

Once your JCL i-Fund Personal Financing application is approved, you can potentially get the approved loan amount as fast as three working days. 

However, please note that this is subject to your eligibility criteria and JCL Credit Leasing’s underwriting requirements.

Are there any fees and charges for this Islamic loan?

Yes, there are some fees and charges that you need to pay. They are Tawarruq Fee, Processing Fee, and eMandate Transaction Fee. You can find the details below, or if you need further reading about this, do refer to the Product Disclosure Sheet.

Tawarruq Fee: RM25.00

Processing Fee: RM50.00

eMandate Transaction Fee: 1% capped at RM20 (transactional)

It is worth noting that the above charges will be deducted from the total financing amount, except the eMandate Transaction Fee.

Plus, if you decide to cancel the JCL i-Fund Personal Financing, do note that you are responsible to pay JCL for all of the costs (if any) associated with the facility.

What happens if I fail to fulfil my monthly obligations?

You should always perform your monthly obligations in a timely manner. 

Should you miss your monthly instalment payment, you can be slapped with a steep Late Payment Fee of 1% p.a. Ta’widh (Compensation), and 7% p.a. Gharamah (Penalty) on the outstanding amount. 

JCL Credit Leasing also reserves the right to set off any credit balances in your account against any outstanding balances.

Is Takaful required for this Islamic financing?

It is optional. 

If you are concerned with any unfortunate mishaps that might happen in the future, you can opt for your financing to be covered with JCL i-Fund Takaful Protection by FWD Takaful Berhad. This Takaful provides protection against death or TPD.

Not to mention, there will be a Takaful fee as well, only if you choose to provide coverage for your financing. The said fee is between RM24.30 to RM509.20, subject to the Takaful provider's discretion on the pricing and the approval.

Am I eligible to apply for this JCL i-Fund Personal Financing?

Any Malaysian citizens that are residing in Peninsular Malaysia are eligible. 

Doesn’t matter if you are a regular salaried employee, a commission earner or self-employed, between the age of 18 to 60 years, you can apply for this JCL i-Fund Personal Financing. 

The minimum gross monthly income eligible for the application is only RM1,000.

What documents do I need to apply for this personal financing?

Together with your application form, kindly provide the following supporting documents as well for easier processing.

Salaried employee:

  • Copy of IC (both sides)
  • Latest 3-months payslips
  • Latest 3-months bank statement
  • Latest utility bill (Electricity/Water)


  • Copy of IC (both sides)
  • Latest SSM
  • Latest 6-months company bank statement
  • Latest 3-months personal bank statement
  • Latest utility bill (Electricity/Water)
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