• Loan amount up to 10k-200k
  • Tenure 1-10 Years
  • Age 18-60 Years
  • Min Income 24k
  • Gov. Employee and GLC
  • A few business days

Borrow RM Monthly Repayment

Interest Rate

How Long
My monthly income
As a

Bank Islam Flat Rate Personal Financing-i Package

A Shariah compliant personal financing with no hidden fees that will thin your wallet! That's not all, your application is also guaranteed with fast approval.

    • Financing up to RM200k
    • Up to 10 years tenure
    • Unsecured Islamic Financing
    • Takaful insurance required



Interest Rates

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


Financing Value                        Financing Period           Your Income            Profit Rate

RM10000 – RM200000           12 to 120 months           min. RM24000        4.99% p.a.


Fees & Charges

There are always fees but how much are they?

Profit Rate / APR - As low as 4.99% p.a., depending on financing amount and period

Processing Fee - No Fee

Late Payment Charge - 1% from current outstanding amount on the outstanding amount of the monthly payment

Mode of Payment - You must pay your financing installment by salary deduction.

Insurance - You must take takaful insurance with this financing.



Are you eligible for this personal financing?


Minimum annual income - RM24000

Minimum age - 18 years old

Maximum age - 60 years old

Who can Apply -

  • Malaysians
  • Government employee
  • Government-Linked Company employee
  • Public Listed Company employee


Frequently Asked Questions about Bank Islam Flat Rate Personal Financing-i Package

Things you might want to know


How to apply for a Bank Islam Personal Financing-i Package


Who is eligible for Bank Islam’s Personal Financing-i Package?

Only Government employees, employees of Government Linked Companies and Public Listed Companies employees can apply for this product.


How much money can I borrow?

Applicants may borrow from RM10,000 to a maximum of RM200,000. Repayment terms are up to ten years (or age of retirement, whichever is earlier). The outcome of a credit check will determine the maximum credit limit for your borrowing.


How much does Bank Islam Personal Financing-i package cost?

There are no processing fees, only a Wakalah (Agency) fee of RM50. Applicants will also be required to pay Government Stamp Duty, which is calculated at 0.5% of the total amount borrowed.


What do I need to apply for the Bank Islam Personal Financing-i package?

The package is an unsecured personal loan so you will not need to provide a guarantor, deposit or other security. To make an application you will be asked to provide supporting documents:


  • Copy of MyKad (front and back)
  • Last three month’s payment slips, or EPF statements.
  • Last three month’s bank savings account passbook or current/savings account statement.
  • Letter of designation from your Head of Department.
  • Latest income statement or EPF statement


How do I get my hands on the money?

The application process may take a few business days to complete. Once your application has been approved the borrowed money will be transferred to the account of your choice.


How do I pay the money back?

Loan repayments will be scheduled monthly as and when you make your loan application. Payments must be made by Salary Deduction, Salary Transfer with Auto Fund Transfer, or Standing Instruction.

If you do not make your payments on time Bank Islam will have the right to charge Ta’widh (compensation) during the loan tenure with a 1% per annum late payment fee.


Can I pay my Bank Islam Personal Financing-i loan off early?

Yes, you may settle your loan before is due by paying the total amount owing. You will be entitled to an Ibra’ (rebate) which is equivalent to the remaining profit at the time of settlement. No penalty fees are charged for early repayment.


Is this Bank Islam Personal Finance product Syariah compliant?

Yes, the Syariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts.