JCL i-Fund Personal Financing

  • Loan amount 1k–50k
  • Tenure1-5Years
  • Age 18-60 Years
  • Min Income 1,000 pm
  • Employee & Self-employed
  • 1 week

Borrow RM Monthly Repayment
RM


Interest Rate

%
How Long
My monthly income
As a

Profit rates

Based on your loan amount & loan period, the interest rates are as low as the following

Financing Value           Financing period    Your Annual Income     Profit Rate

RM1,000 - RM50,000   6 to 60 months      min. RM12,000             18% p.a. - 20% p.a.

Financing period is minimum 6 months and maximum 60 months (depending on the financing tier selected)

Fees & Charges

Profit Rate / APR

As low as 18% p.a.*
*Subject to terms and conditions

Processing Fee

RM50

Stamp Duty

As per the Stamp Act 1949 (Revised 1989)

Early Termination Fee

None

Late Penalty Fee

1% Ta'widh (Compensation) and 7% Gharamah (Penalty) per annum will be imposed upon the amount due.

Requirements

Minimum Annual Income

RM12,000

Minimum Age

  • 18 to 60 years old

Who can apply

  • Malaysians
  • Individuals residing in Klang Valley, Penang, Johor, Ipoh, Kedah and Kelantan only
  • Salaried employee
  • Self-employed
  • Commission earner

More Information

What is JCL i-Fund Personal Financing?

This is an unsecured Islamic loan by JCL Credit Leasing that's being offered without collateral or guarantors for application.

What can I do with this financing?

Life is full of turn of events. Whether you finally can hire a professional to design your dream kitchen, or you’re to send your children to their dream university, or perhaps a medical emergency just occurred and you are at your wit's end; the JCL i-Fund Personal Financing can easily help bridge your financial gap.

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

You can borrow from as low as RM1,000 up to the maximum financing amount of RM50,000 over flexible tenures between 6 to 60 months with the JCL i-Fund Personal Financing. 

The facility is calculated on a flat rate basis, which ranges from 18% per annum to 20% per annum.

Minimum Financing RM1,000
Maximum Financing RM50,000
Tenure 6 months - 60 months
Profit Rate (Flat) 18% p.a. to 20% p.a.

How fast can I get my approved financing?

Once your JCL i-Fund Personal Financing application is approved, you can potentially get the approved loan amount as fast as three working days. 

However, please note that this is subject to your eligibility criteria and JCL Credit Leasing’s underwriting requirements.

Are there any fees for this Islamic loan?

Yes, there are some fees that you need to pay. They are the Tawarruq Fee, Processing Fee, and eMandate Transaction Fee. You can find the details below, or if you need further reading about this, do refer to the Product Disclosure Sheet.

Wakalah Fee: RM25.00

Processing Fee: RM50.00

Takaful Fee: RM24.30 - RM509.20 (“subject to Takaful Provider discretion on pricing and approval”)

eMandate Transaction Fee: 1% capped at RM20 (transactional)

It is worth noting that the above charges will be deducted from the total financing amount, except the eMandate Transaction Fee.

Plus, if you decide to cancel the JCL i-Fund Personal Financing, do note that you are responsible for paying JCL for all of the costs (if any) associated with the facility.

What happens if I fail to fulfil my monthly obligations?

You should always perform your monthly obligations promptly. 

Should you miss your monthly instalment payment, you can be slapped with a steep Late Payment Fee of 1% per annum Ta’widh (Compensation), and 7% per annum Gharamah (Penalty) on the outstanding amount. 

JCL Credit Leasing also reserves the right to set off any credit balances in your account against any outstanding balances.

Is Takaful required for this Islamic financing?

It is optional. 

If you are concerned with any unfortunate mishaps that might happen in the future, you can opt for your financing to be covered with JCL i-Fund Takaful Protection by FWD Takaful Berhad. This Takaful protects against death or TPD.

Not to mention, there will be a Takaful fee as well, only if you choose to provide coverage for your financing. The said fee is between RM24.30 to RM509.20, subject to the Takaful provider's discretion on the pricing and the approval.

Am I eligible to apply for this JCL i-Fund Personal Financing?

Any Malaysian citizens that are residing in Peninsular Malaysia are eligible. 

Doesn’t matter if you are a regular salaried employee, a commission earner or self-employed, between the ages of 18 to 60 years, you can apply for this JCL i-Fund Personal Financing. 

The minimum gross monthly income eligible for the application is only RM1,000.

What documents do I need to apply for this personal financing?

Together with your application form, kindly provide the following supporting documents as well for easier processing.

Salaried employee:

  • Copy of IC (both sides)
  • Latest 3-months payslips
  • Latest 3-months bank statement
  • Latest utility bill (Electricity/Water)

Self-employed:

  • Copy of IC (both sides)
  • Latest SSM
  • Latest 6-months company bank statement
  • Latest 3-months personal bank statement
  • Latest utility bill (Electricity/Water)