Fast Approval(Last updated: 1 September 2026)
What is JCL i-Fund Personal Financing?
This is an unsecured Islamic financing offered by JCL Credit Leasing Sdn. Bhd. (Registration No. 413411-H), a KPKT-licensed moneylender (WL3960/14/01-11/210926), with no collateral or guarantors.
What can I do with this financing?
Life is full of turns of events. Whether you can finally hire a professional to design your dream kitchen, or you’re sending your children to their dream university, or perhaps a medical emergency has just occurred 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 is the profit rate?
You can borrow from RM500 to RM50,000 with the JCL i-Fund Personal Financing, over flexible tenures of 6 months to 60 months (5 years).
The facility is calculated on a flat-rate basis at 18% per annum. This means profit is calculated on the full principal for the whole tenure, not on the decreasing balance as you make repayments.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Financing Amount (e.g. RM50,000.00)
R = Annual Flat Profit Rate (18% / 0.18)
T = Financing Tenure in YEARS (e.g., 5)
M = Total Repayment Period in Months (60)
For example, RM50,000 over 60 months yields a total profit of RM45,000, bringing the total repayment to RM95,000, or RM1,583.33 per month. This excludes stamp duty and other charges, which may affect your actual monthly repayment.
Since profit is calculated on the full principal amount throughout the entire tenure, the Effective Profit Rate (EPR) is higher than the stated 18% flat rate. The EPR varies depending on your chosen tenure:
- 6 months: 30.23% p.a.
- 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.
How quickly can I get my financing approved?
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 for this Islamic loan?
Yes, you'll need to pay for Stamp Duty, as per the Stamp Duty Act 1949 (Revised 1989), which will be deducted from the total financing amount.
Additionally, if you decide to cancel the JCL i-Fund Personal Financing, you are responsible for paying JCL for all of the costs (if any) associated with the facility.
What happens if I fail to fulfil my monthly obligations?
Should you miss your monthly instalment payment, a late penalty fee of 8% p.a. may apply to the overdue instalment 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 about 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 protects 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 and RM509.20, subject to the Takaful provider's pricing and approval discretion.
Am I eligible to apply for this JCL i-Fund Personal Financing?
Any Malaysian citizen is eligible. Doesn’t matter if you are a regular salaried employee, a commission earner, or self-employed; between the ages of 18 and 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?
Along with your application form, kindly provide the following supporting documents for easier processing.
Salaried employee:
- Copy of IC (both sides)
- Latest 3-months payslips
- Latest 3-months bank statement
- Latest utility bill (Electricity/Water)
Self-employed:
- Copy of IC (both sides)
- Latest SSM
- Latest 6-months company bank statement
- Latest 3-months personal bank statement
- Latest utility bill (Electricity/Water)
