What is the MBSB Personal Financing-i Private Sector?
This is a Syariah compliant personal loan package that allows you to borrow up to a maximum amount of RM300,000. This loan package also comes with complete Takaful coverage to keep you protected from unforeseen circumstances!
Who is eligible for this personal loan?
This personal loan is open for those holding an executive position in Public Listed Companies, Government Linked Companies, Multi-National Corporations, Education Sector Companies, and its subsidiaries. Only Malaysians aged 21 years but not over 60 can apply for the MBSB Personal Financing-i Private Sector.
How do I get my hands on the money?
Financing will usually take a few working days to process. The borrowed money will be credited into your bank account once approved.
How do I pay the back the loan?
Monthly Installment can only be made via over-the-counter payments. You will be given a fixed repayment schedule with your loan agreement. Remember, you can get a flat profit rate for as low as 6.43%, depending on your tenure, throughout 10 years tenure.
Can I pay this loan off early?
Yes, of course you can! - you will to first provide one month's notice in writing to MBSB for approval. But, by doing so, you will have to pay an Early Termination Fee.
What documents are needed to apply for this personal loan?
You don’t have to secure the loan to any assets or find a guarantor as security but you will need to give MBSB supporting documents:
- Photocopy of MyKad.
- Latest 3 month's salary slip.
- Confirmation Letter from Employer.
- Bank Account Statement.
- Any other latest supporting documents if required.