Who is eligible for KFH Personal Financing-i?
Only Government employees aged between 21 and 60 years earning a minimum of RM3,000 per month may apply for this Islamic personal loan.
How much money can I borrow?
KFH Personal Financing-i is a flat rate personal loan offering funds between RM30,000 and RM250,000, subject to KFH's approval and your repayment capability. The financing facility may be repaid over any period up to 10 years.
How much does this personal loan cost?
The cost of brokerage, Stamp Duty of 0.5% and Takaful cover will be borne by you. However, there is not fee for early settlement and you will be granted a rebate for it. Late payment of installments will attract a 1% compensation charge to your loan account.
How can I pay for my monthly instalments?
There are several convenient ways you can choose to service your outstanding balances such as Standing Instruction or Interbank Giro or Instant Transfer from your designated deposit account to KFH's personal loan account.
Do I need a Takaful coverage?
KFH makes it compulsory for you to take up a Group Credit Term Takaful (GCTT) to cover the outstanding loan amount in the event you are not capable of repaying the outstanding amount due to death or total permanent disability.
Do I need a guarantor?
No guarantor or collateral is needed for this Islamic personal financing.
What document do I need to prepare?
First, you will need to complete the application form and then standby a copy of your NRIC together with it. Then, you also need to supply several of the documents below:
For Salary Earners:
- Latest 3-month payslip
- EPF Statement with latest 3-month contribution
- Latest B/e-Tax form with tax payment receipt; or EPF Statement; or copy of latest Audited Financial Statements
- Business Registration Form
- Latest 6-month Company or Personal's bank statement
Can I pay my KFH Personal Loan off early?
Of course you can. If you’d like to settle your loan before the end of tenure you can arrange to pay it all off early. A rebate on the interest charged may be granted at the bank’s discretion.