MBSB Personal Financing-i Private Sector

Part finance your new venture with MBSB personal financing, offering higher financing limits, floating profit rate, and longer repayment tenures. No guarantor is required!

MBSB Personal Financing-i Private SectorHigh Financing Limit
Profit Rate
from 11.85% p.a.
Financing
up to RM300k
Tenure
up to 10 years
Loan Type
Unsecured Islamic Financing
Min. Income
RM3,500/month

Loan calculator

Profit rates

How much the bank charges you based on your loan amount & loan period

Financing ValueFinancing periodYour incomeProfit Rate
RM50,000 - RM300,00024 to 120 monthsmin. RM42,00011.85% p.a.

Fees & Charges

Profit Rate / APR
As low as 11.85% p.a., depending on financing amount and period
Processing Fee
RM34, for Wakalah Fee
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
Waived
Late Penalty Fee
 1%  from current outstanding amount

Requirements

Minimum Annual Income
RM42,000
Minimum Age
  • 21 to 60 years old
Who can apply
  • Malaysians
  • Permanent Employees and Self-Employed
  • Public Listed Company employee
  • Government-Linked Company employee
  • Multi-National Corporation employee
  • Education Sector employee
  • Professional
  • Salaried employee

More Information

MBSB Personal Financing Private Sector-i is a Shariah compliant personal financing that follow the Islamic contract of Tawarruq, with profit rate calculated on a floating and monthly rate basis.

Who can apply for MBSB personal financing?

This Islamic personal financing (Pembiayaan Peribadi Swasta-i) is open to permanent employees of public listed companies (PLCs), multinational corporation (MNC), GLCs, State GLCs, Education sector employees, professional and self employed individuals.

To qualify for Private Sector-i personal financing, you must meet the following requirements:

  • must be a Malaysian citizen; and
  • must be minimum 21 years old to maximum 60 years old, upon expiry of the facility.

How much money can I borrow from MBSB Personal Financing Private Sector-i?

You can borrow any amount up to a maximum of RM300,000 - among the highest financing margin for a personal loan in the market. The repayment period for Private Sector-i personal financing is flexible between 2 to 10 years.

The cost for obtaining Private Sector-i personal financing is affordable as there are no hidden fees and charges. You only need to pay a Wakalah Fee of RM34.

You will receive your approved money in no time, provided that you have met all borrowing requirements and submitted all relevant documents.

How do I pay for my monthly instalment?

You can arrange your monthly instalment payment via salary deduction to MBSB Bank for an easy and hassle-free repayment. 

  • Cash via MBSB Bank branch
  • Online bill payment via Maybank2U.com, CIMB Clicks, RHB Now and JomPay
  • Standing Instruction

Do I need a Takaful coverage?

You are advised to sign up for the Group Credit Family Takaful to cover for the liability of indebtedness in the event of death or permanent disablement. The contribution amount will be deducted upfront from the financing amount.

You can apply for a Takaful coverage via MBSB's panel of Takaful providers or your own choice.

Why should I apply for MBSB Personal Financing Private Sector-i again?

There are many contributing factors to consider for MBSB Personal Financing Private Sector-i application, such as:

  • Higher financing limits of up to RM300,000;
  • Longer and flexible repayment tenures up to 10 years; and
  • No guarantor and collateral required.

What documents are required to apply for MBSB personal financing?

There are a few documents that you would need before making your way to the nearest MBSB branch:

For Salaried Employees

  • Copy of MyKad (front and back);
  • Latest 3 months salary slips;
  • Latest EPF Statement or EA Form or BE Form with tax payment receipt;
  • Latest 3 months Current Account or Savings Account statement (salary crediting bank account);
  • Confirmation Letter from Employer;
  • Application Form

For Self Employed

  • Copy of MyKad (front and back);
  • Business Registration Form / Form 9, 24, 49, B & D;
  • License for Professional Certificate;
  • Latest B Form with tax payment receipt;
  • Latest 6 months Current Account or Savings Account statement (Company and personal);
  • Application Form

Am I qualified to apply for MBSB personal financing if I'm blacklisted?

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

MBSB Bank is more likely to approve your personal financing application if you can show that you are managing your personal finances, rather than accumulating more debt.