MBSB Private Sector-i
Tailored for practising Professionals in the private sector, fulfil your dreams with a fast loan and borrow up to RM300,000 for up to 10 years of financing tenure. No charges on early loan settlement!
Optional Takaful CoverageProduct summary
- Profit Rate
- From 6.29% p.a.
- Financing
- up to RM300k
- Tenure
- up to 10 years
- Loan Type
- Unsecured Islamic Financing
- Min. Income
- RM5,000/month
Profit rates
Based on your loan amount & loan period, the profit rates are as low as the following
Financing Value | Financing period | Your Income | Profit Rate |
---|---|---|---|
RM50,000 - RM300,000 | 36 to 120 months | min. RM60,000 | 6.29% p.a. - 11.9% p.a. |
Fees & Charges
- Profit Rate / APR
- As low as 6.29% p.a.,depending on financing amount and period
- Processing Fee
- RM34, as Wakalah Fee
- Stamp Duty
- None
- Early Termination Fee
- Waived
- Late Penalty Fee
- 1% p.a. on such overdue amount during the facility tenure or if it’s after the maturity of the facility tenure, then a rate that won’t exceed the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) will be charged on the outstanding balance
- Mode of Payment
- You must pay your financing installment by salary deduction
Requirements
- Minimum Annual Income
- RM60,000
- Minimum Age
- 21 to 60 years old
- Who can apply
- Malaysians
- Salaried employee
- Permanent employees of PLCs, GLCs, state GLCs, MNCs, education sector companies and its subsidiaries
- Permanent professional employees of private companies with a valid Professional certificate
- Self-employed practicing professional with a valid Professional certificate with minimum 2 years of business/firm establishment