Provident Islamic Tamweel Li Ajal Personal Financing-i

(Last updated: 28 August 2026)

What is Provident Islamic Tamweel Li Ajal about?

This is a Shariah-compliant financing plan designed for civil servants, offered by Provident Islamic (Company Registration No. 199101020861 (231172-P)), a KPKT-licensed moneylender (WL7141/14/01-4/140327).

Operating under the Tawarruq concept, it provides ethical, transparent, and Riba-free cash liquidity. It’s designed to help you achieve your financial aspirations with complete peace of mind.

What can I do with this personal financing?

Whether you need to fund a home renovation, pay for your children's education, cover medical expenses, or even consolidate expensive debts into one easy payment, this financing is here to make it happen.

How much can I borrow, and what are the profit rates? 

You can borrow between RM1,000 and RM150,000 with Provident Islamic Tamweel Li Ajal Personal Financing-i, over tenures of 24 months to 120 months (2 to 10 years).

Provident Group offers fixed profit rates from 6.99% to 9.99% per annum, and your exact rate depends on your credit profile. The profit is calculated on a flat-rate basis and charged on the full principal for the entire tenure, not on the reducing balance.

Formula: I = (P + P×R×T)/M

Where:

P = Principal Financing Amount (e.g. RM150,000.00)
R = Annual Flat Interest Rate (6.99%)
T = Financing Tenure in years (e.g. 10)
M = Total Repayment Period in months (e.g. 120)

For example, at the lowest rate of 6.99% p.a., RM150,000 over the full 10-year tenure works out to RM104,850 in total profit, bringing your total repayment to RM254,850, or RM2,123.75 per month. At the higher end of 9.99% p.a., the same loan costs RM149,850 in profit, with a total repayment of RM299,850, or RM2,498.75 per month. This calculation does not include fees. Your actual monthly repayment will vary slightly once stamp duty and other charges are added.

Because profit is charged on the full principal throughout the tenure, the true annual cost is higher than the stated 6.99%-9.99% range. Note that the Effective Profit Rate (EPR) changes with tenure, so a different financing tenure will produce a different EPR.

Do I have to sign up for a Takaful coverage?

Yes, for your protection. Provident Group require Takaful coverage to ensure that your outstanding balance is covered in the unfortunate event of death or total and permanent disability. This protects your loved ones from inheriting debt.

What are the fees or charges that are applicable? 

Here’s what to expect:

• Stamp Duty: As per the Stamp Duty Act 1949 (Revised 1989).
• No Hidden Charges: You won't be charged for just applying!

Need more details? Check out the Frequently Asked Questions.

Can I settle my financing early?

Absolutely! If you come into some extra cash and want to pay off your financing early, Provident Group will grant you an Ibra’ (Rebate) on the profit that hasn't been earned yet. This means you save money by settling early.

How do I pay for my monthly instalments?

Your monthly instalments are paid via Biro Perkhidmatan Angkasa (BPA) Salary Deduction. The amount is automatically deducted from your salary slip, so you never have to worry about missing a payment or queuing at the bank.

What happens if I'm late in my repayments?

A late penalty fee may apply, limited to compensation for actual loss incurred. Penalty fees on default are restricted under the Moneylenders Act 1951.

Who is eligible to apply for Tamweel Li Ajal?

You are eligible to apply if you are:

• A Malaysian Citizen (MyKad holder).
• Aged between 21 and 55 years old.
• A Permanent Employee serving in the Government, Statutory Bodies, or selected GLCs.
• Earning a minimum gross income of RM1,700 per month.

What documents should I prepare to apply for this financing?

Please prepare the following documents to ensure a smooth application journey:

• Copy of your NRIC (front and back).
• Latest 3 months’ salary slips.
• Latest 3 months’ bank statements (salary crediting account).
• Your completed Angkasa Deduction Form (BPA 1/79).

Am I qualified to apply for Tamweel Li Ajal personal financing if I’m blacklisted?

Depending on your credit history with other financial institutions because all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects 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.

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