What is MBSB Personal Financing Afdhal-i all about?
This is a special Islamic personal loan that is offered specially for selected employee from both government and private sectors.
What's great abut tihs financing solution is that you won't need to worry about the late repayment whereas this personal financing allows salary deduction. However, this can only be done if the company that you working with has made an arrangement with MBSB - do check with your boss or HR manager!
Is there any other ways to make repayment?
Besides the salary deduction, the monthly instalment can be made via Biro Angkasa (Biro) or Accountant General (AG).
How much can I borrow?
The maximum borrowing amount is up to RM400,000 depending on your eligibility. The financing period is between 2 to 10 years. If the repayment period is shorter, you can enjoy lower rate from 4.5% p.a..
So, who can apply for this personal financing?
MBSB Personal Financing Afdhal-i is open to all Malaysians aged between 19 and 60 years old.
Do I need a guarantor?
Nope, you allowed to apply for the MBSB Personal Financing Afdhal-i without appointing a guarantor or collateral.
Does MBSB Personal Financing Afdhal-i offer Takaful coverage?
Yes, MBSB offers Group Credit Family Takaful (GCFT) as an optional coverage. It's your choice if you want this extra protection.
This takaful insurance protects you from outstanding repayment in the case of death or total permanent disability.