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- Published: 20 Jan 2021
Takaful plan is required to cover for this Islamic personal loan, which will be underwritten by AmMetLife Takaful Berhad. What is AmBank Islamic Home-i? 4 to 10 years: Base Rate + 3.15% p.a Bank Islam Personal Financing-i is a loan package that is offered for public sectors and selected GLCs only. Click here to join the AmBank BizRac e now.. There are no processing fees, lock-in periods or early settlement fees. AmBank Islamic is ready to help you in fulfilling your dreams and achieving the success you desire with Personal Financing-i, a shariah-compliant Ambank Islamic product based on the concept of Murabahah tawarruq … I'll need to ask you a few more questions to complete your application. You will be able to enjoy a flat profit rate of 8.00% up to 11.99% per annum but this is subject to credit review by AmBank Islamic. An Islamic personal loan is where the bank buys an asset on behalf of the borrower and selling it at a profit - this profit rate replaces the interest rate (used by conventional loans) as Islamic loans are prohibited from charging interest (Riba). Pinjaman peribadi AmBank Islamic ini adalah pembiayaan yang ditawarkan kepada kakitangan sektor awam dan pekerja sektor swasta daripada syarikat-syarikat yang terpilih. 2 copies of certified true copy by Head of Department for each payslip or 3 copies for e-pay slip. There are several reasons you might want to pay attention when applying to AmBank Islamic Personal Financing-i: In You are required to prepare documents like a clear copy of your NRIC (front and back), latest 1 month salary slip for fixed monthly salary OR latest 3 months salary slips for varied monthly salary, latest EA form, latest 6 months bank statements. Apply for AmBank Islamic AmMoneyLine Facility-i with loan approvals up to RM100,000. and 200,000. 3 copies of MyKad (front and back) and certified true copy The financing tool uses the concept of Bai’ Al-‘Inah, making it Shariah compliant. No guarantor or collateral is required in order to proceed with this application, therefore all you need to apply for this personal financing is a minimum monthly income of RM2,000 and to be at least 21 to 60 years old. It is a concept widely used by Islamic financial institutions for ‘personal financing’ which is a commonly used term in Islamic banking instead of the term ‘personal loan’ as per conventional banks. It is fully complying with Shariah requirements based on the concept of Murabahah Tawarruq (MTQ). 19 talking about this. and account number). 1 copy of your Saving Account Passbook or Current Account There will be no processing fee or no penalties for any early settlement but there will be a stamp duty fee as per Stamp Duty Act 1949 (Revised 1989). late payment fee on the outstanding balance, calculated daily! AmBank Personal Loan The AmBank Group is one of the largest financial institutions in Malaysia and a reputed key financial solution provider. UALA LUMPUR: AmBank Islamic has introduced a special financing facility – Personal Financing-i - a Shariah-compliant financing facility offering financing amount of up to RM200,000. Those working in the government-linked companies and private sector too can apply for this Islamic personal loan but will not be enjoying a low profit rate. Enjoy one of the lowest market rates for housing loan at 3.99% from AmBank. Credit Card. The case in Malaysia particularly for the islamic personal loans don require the need for a collateral. for the whole period of borrowing, whereas for non-government applicants, you will be charged a flat and fixed profit rate of 7.90% p.a. Loans & Financing. How Does An Islamic Personal Loan Work? If you are planning to apply for the AmBank Islamic AmMoneyLine Facility-i, you will need to ensure that you have a good credit record (CTOS/CCRIS). Online Banking. The purpose of having a Takaful coverage is to protect you and your family members from the liability of loan repayment in the event of fatal or total permanent disability. • Disbursement is strictly to active and first party account only. Contact AmBank Islamic. You must consistently service your monthly installment until the end of this Islamic personal loan tenure. AmBank. Get high approved amount and loan tenure up to 35 years. It … Wealth Management. Car Loan; Personal Financing; AmMoneyLine; Home Loan; Cards . Small Business. Arif Hire Purchase-i is a hire purchase agreement between a borrower (you) and a financier (the bank). Approval from FSA 2013 would be required upon graduation from the sandbox. If you have enough funds to pay off your personal financing off before its term has ended, you must inform AmBank Islamic with a 1-month notice in writing prior to the termination. The profit rate for this Islamic mortgage is variable, which means it is tied to the fluctuation of AmBank Islamic's Base Rate, however it is capped at the ceiling profit rate of 9.99%. Flat profit rate starts from 8.00% p.a. Being Shariah compliant means the loan does not have fixed or floating interest rates or fees (also known as riba, or usury) for the loan of money. • For Cash Out Program, funds will be deposited to customer’s individual AmBank/AmBank Islamic Current or Savings Account/-i. AmBank Islamic's Personal Financing-i is an excellent way of financing a planned or unplanned event to tide you over, with competitive profits rates available in the market. Personal Loan The loan that is tailored to your needs. All rights reserved. Personal loans from Islamic banks in Malaysia are based by utilising the concept of Bai’ Al-‘Inah. Home-i is an Islamic semi-flexi loan that is based on the concept of Tawarruq. In other words, your outstanding loan will be taken care of by the insurer. AmBank Islamic only charges you RM10 for the Letter of Approval. AmBank Islamic Personal Financing-i can help you cover your immediate need for cash. AmBank Islamic personal financing is open to permanent employees of ASB-i Financing Ambank islamic, credit card Whether you are going on a vacation, planning your wedding, decorating your home or even doing some much needed shopping, AM Bank … Applicant must be between the age of 21 to 60 to qualify. Insurance. The application process is quite fast and the approval duration is up to 2 business days. service with the Government for at least 3 months. Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button. By using our site, you accept our cookie policy. Subject to credit check and approval, you can borrow any amount between FIXED 1 to 10 years : 4.99% p.a. Cards; Deposits; Loans & Financing; Islamic; General Insurance; Life Insurance; Family Takaful; Wealth Management; Priority Banking; Business. Cards. Features: Priority Banking. statement where you want your loan to banked-in (front page with name and It said on Wednesday the facility is for employees of the federal and state governments, selected agencies, government-linked companies (GLCs) and statutory bodies. order to ensure a successful personal financing application, you have to provide supporting personal and income documents as follows: 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). At the heart of the group is AMMB Holdings Berhad (AmBank), publicly listed on Bursa Malaysia’s Main Board. Apply now For Government Servant Based on the Shariah concept of Tawarruq, our Home/ Property Financing-i offers you variable rate home/ property financing solutions. So, the profit rate is like business earnings from the fee and profit for assets purchase-and-resale. AmBank Islamic Al-Taslif Visa Platinum Card-i Earn up to 2X reward points, enjoy dining and hotel privileges, and get free travel insurance Profit Rate 15.0% p.a 2,000 KADAR PINJAMAN ASB YANG TERKINI. 100,000, Your salary should be between Your monthly installment will consist of a principal amount plus profit charges for the month. This unsecured Islamic personal loan charges zero processing fee upon approval and no penalty for early settlement. Cookies Information AM Bank uses small data files called cookies to offer you a better browsing experience. Jirnexu is an approved participant in the BNM Fintech Regulatory Sandbox. Malaysia's Bank. Anda perlu mengemukakan dokumen berikut bagi permohonan pembiayaan anda: 3 salinan Kad Pengenalan (depan & belakang) yang disahkan oleh Ketua Jabatan semasa anda. Income RM5,000 to RM8,000 RM8,000 to RM10,000 RM10,000 and above • For Debts Consolidation Program, funds will be directly payoff to required credit cards or loan/financing account. You must earn a minimum of RM1,500 every month. AmInvest provides Islamic fund management solutions whilst family takaful products are offered by AmMetLife Takaful Berhad. All customers can perform daily transactions, payments, transfers and investments via the following channels: AmOnline Web or mobile app, AmAccess Biz, AmAccess Corp and e-AmBiz – all available 24/7 You can find out if your company is listed under AmBank Islamic Personal Financing-i here. You can start repaying your personal financing after the third month of borrowing. Bhd. If you're late on your repayment by one month, AmBank Islamic will penalize you with 1% p.a. If you have any overdue payments, you will need to settle off your payments, as it is a sign of high potential of not fulfilling the financial obligation to the banks. Get latest promotions and freebies from Ambank Do a balance transfer with 4.99 p.a to your account for more cash in hand! In addition, you are also required to pay Government Stamp Duty, which is The AmBank Group was established in 1975 and now has RM 131.7 billion in total assets. Deposits. Get latest promotions and freebies from Ambank Do a balance transfer with 4.99 p.a to your account for more cash in hand! The age of 21 to 60 to qualify of Murabahah Tawarruq ( MTQ ) RM10,000 and... Property Financing-i offers you variable rate Home/ Property Financing-i offers you variable Home/... Check and approval, you accept our cookie policy Base rate + 2.25 % p.a start repaying your financing... Get latest promotions and freebies from AmBank Do a balance transfer with 4.99 p.a to your account more. Approval and no penalty for early repayment, in fact, ambank islamic personal loan will find a perfect fit for and... 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