Long Repayment PeriodLooking for a balance transfer plan which helps you save, while following the financial principles mandated by the teachings of Islam? Then Maybank Islamic Ikhwan Card Balance Transfer is the Islamic balance transfer plan for you.
Tell me about this balance transfer plan.
Similar to Maybank Balance Transfer Program, you can consolidate the outstanding balances from up to 3 different credit cards to an Islamic balance transfer plan. The minimum transfer amount is RM1,000 for 6, 9, 12 and 24-month tenures, whereas for 36 months is RM2,000.
The profit rate for this balance transfer program may vary from time to time. Please see table below for the latest one:
| Tenure (months) | 6 | 9 | 12 | 24 | 36 |
| Profit Rate (p.a.) | 0% | 9% | 0% | 4.50% | 4.95% |
| Upfront Fee (one-time) | 1.88% on approved amount | nil | 3% on approved amount | nil | nil |
| Min Transfer | RM1,000 | RM1,000 | RM1,000 | RM1,000 | RM2,000 |
| Max Transfer | Up to RM50,000 | Up to 90% credit limit | Up to RM50,000 | Up to 90% credit limit | Up to 90% credit limit |
Click here for Maybank Islamic Balance Transfer Product Disclosure Sheet
Click here for Maybank Islamic Balance Transfer Terms and Conditions
Can supplementary card holder apply for a balance transfer?
Only principal card members are eligible to apply for Maybank Islamic Ikhwan Card Balance Transfer, whether you are a new or existing Maybank credit card holder.
What if I fail to make required monthly instalment payment?
In this case, Maybank will revert your balance transfer to a tiered profit rate between 15%-18% p.a.
Do I need to make a minimum monthly payment?
If you are unable to make your monthly repayments in full, try to make minimum repayments of at least 5% of the outstanding amount to avoid forfeiting your special balance transfer profit rate.
