Maybank

Maybank Islamic Personal Financing-i

Easy to apply Islamic personal loan that charges zero for documents stamping and processing fees with low monthly repayment and optional Takaful protection

    • Financing up to RM100k
    • Up to 6 years tenure
    • Unsecured Islamic Financing
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

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Profit rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM5000 - RM2000024 to 72 monthsmin. RM300008% p.a.
RM20001 - RM5000024 to 72 monthsmin. RM300007% p.a.
RM50001 - RM10000024 to 72 monthsmin. RM300006.5% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 6.5% p.a. to 8% p.a. , depending on financing amount and period
Processing Fee
None
Stamp Duty
None
Early Termination Fee
None
Late Payment Charge
1% from current outstanding amount

Requirements

Are you eligible for this personal financing?

Minimum annual income
RM30000
Minimum age
21 years old
Maximum age
60 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about Maybank Islamic Personal Financing-i

Things you might want to know

An easy to apply Islamic personal financing based on the Islamic contract of Commodity Murabahah for your personal and investment needs. Enjoy a competitive flat profit rate for the whole period of borrowing.

Why should I get Maybank Islamic Personal Financing-i?

Maybank Islamic Personal Financing-i makes it easy for you to secure a cash advance without the need to standby a guarantor or collateral and allow you to access a higher financing limit without charging fees for processing and documents stamping.

Plus, if you desperately need extra money, you can get your Maybank Islamic personal financing approved potentially fast within 48 hours, once all necessary documents had been submitted. Then, your money will be transferred to either your Maybank Islamic Current Account or Savings Account.

How much money can I borrow?

You can borrow any amount between RM5,000 to RM100,000 with Maybank Islamic personal financing, subject to credit check after taking into account your repayment capability, asset and liabilities. This money can be repaid over flexible tenures between 2 to 6 years.

But beware: If you have submitted your Maybank Islamic Personal Financing-i application, it is considered as an 'acceptance' to the offer made by Maybank Islamic.

So, when you ask a RM50,000 personal loan, and Maybank Islamic chooses to lend you RM25,000, you must accept that amount and cannot cancel the financing agreement.

What is my monthly instalment payment?

Once you have received the money, your personal loan repayment will begin from the start of the following month. You must commit to service your monthly instalments as set out in the monthly repayment table.

You can make your personal loan repayments through online banking; cash or cheque; over the counter at Maybank / Maybank Islamic branch; telephone banking; and Standing Instruction.

Also, there is no early settlement fee if you want to fully settle the personal financing before the end of your borrowing tenure. 

Is Takaful policy to cover the personal financing compulsory?

Maybank Islamic provides an insurance policy, known as Personal Care Takaful Plan, to cover the outstanding personal financing amount in case something nasty should happen to you during the period of borrowing; however it is optional.

What documents I need to prepare for Maybank Islamic personal financing application?

As this is an unsecured personal financing, you don't need to standby a guarantor or collateral. Together with the application form, you will be asked to provide following supporting documents:

For salaried employee:

  • Copy of MyKad (front and back)
  • Latest 3-months salary slip
  • Latest 6-months Current / Savings Account Statement
  • Latest BE form with official tax receipt

For self-employed:

  • Copy of MyKad (front and back)
  • Business Registration Certificate
  • Latest 6-months Current / Savings Account Statements
  • Latest BE form with official tax receipt

Am I qualified to apply for Maybank Islamic 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.

Maybank Islamic is more likely to approve your personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.

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