Standard Chartered Personal Financing-i

Finance your business and lifestyle opportunity at zero processing cost, low flat profit rate and flexible repayment tenures with a Shariah compliant personal financing

Standard Chartered Personal Financing-iSimple Personal Loan
Profit Rate
from 8.99% p.a.
Financing
up to RM250k
Tenure
up to 5 years
Loan Type
Unsecured Islamic Financing
Min. Income
RM2,000/month

Loan calculator

Profit rates

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

Financing ValueFinancing periodYour incomeProfit Rate
RM3,000 - RM250,00012 to 60 monthsmin. RM24,0008.99% p.a.

Fees & Charges

Profit Rate / APR
As low as 8.99% p.a., depending on financing amount and period
Processing Fee
None
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
None
Late Penalty Fee
 1%  from current outstanding amount

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 21 to 65 years old
Who can apply
  • Malaysians

More Information

Why should I apply for Standard Chartered Personal Financing-i?

Whether you want to settle your debts or start a small business or achieve your professional or personal dreams, Standard Chartered Personal Financing-i can help part-finance your new venture.

This Shariah compliant, unsecured personal loan ensures that you can fulfill your lifestyle or business needs at zero hidden costs, zero downpayment and zero collateral.

How much money can I borrow?

Standard Chartered Personal Financing-i provides borrowing amount from RM3,000 to RM250,000 for periods between 1 to 5 years. The profit rate charged to this personal financing is floating, which fluctuates according to Standard Chartered's Islamic Base Rate movement.

How fast can I get my money?

Standard Chartered Saadiq may take a few business days to process your Personal Financing-i application. Once the personal financing application has been approved, you will receive your money in the bank account of your choice.

What is my monthly commitment?

Your monthly repayment schedule will be detailed in your application approval document. In most cases, payment begins the month following the date you have received your money.

You can settle your personal financing whenever it suits you as there is no penalty for early settlement. But if you constantly make a late payment, 1% Ta'widh (late payment charges) will be added to your outstanding balance.

What documents are required for this personal financing application?

You are not required to place down a deposit or find a guarantor to back up this Personal Financing-i application. All you need to prepare is some personal and income documents with your application form:

Salaried Employee (max age 60 years)

  • Copy of NRIC (front and back)
  • Latest 1 month salary slip, OR
  • Latest EPF statement, OR
  • Latest BE Form (Full Submission to LHDN)

Self-Employed (max age 65 years)

  • Copy of NRIC (front and back)
  • Photocopy of Business Registration Form (Form 9,24, and 49), OR
  • Latest EPF Statement, OR
  • Latest 6 months bank statements

Am I qualified to apply for Standard Chartered personal loan 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.

Standard Chartered Saadiq 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.