Bank Islam
Providing Everything You Need
Eligibility & Requirements
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Applicant must be 18 years and not exceeding the retirement age at the end of payment period
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Malaysian citizen
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Earning a minimum fixed income of RM2,000 per month or RM24000 per year
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Not blacklisted by any Bank in Malaysia or AEON Credit.
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No account under Special Attention Account (SAA).
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Not under the auspices of AKPK.
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Applicant must be a continued employee in any of the following:
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Government Sector
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Selected Public Listed Companies
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Subsidiaries of Government or Selected Public Listed Company
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Other Prominent Private Limited Companies as categorized under package companies listed by Bank Islam
Documents Required
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A copy of identity card
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Latest 3 months’ salary slip
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Latest employer’s confirmation letter
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Latest 3 months Bank Statements of salary crediting account
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And at least one (1) of these:
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Latest income tax form (Form B or Form EA/EC)
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Any other latest supporting document such as EPF statement, if required
Payment Method
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Salary Deduction
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Salary Transfer to Bank Islam with Auto-debit Instruction
Payment Period
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Maximum of 10 years (120 months) or up to the retirement age, whichever is earlier
How to apply
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Apply for Bank Islam Personal Financing-i Package with Fixed Rate by visiting any Bank Islam branch near customers
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Can also apply online with an easier method using the RinggitPlus service.
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Customers just have to do is fill in their name and phone number on the RinggitPlus application page. RinggitPlus will contact them and guide them step-by-step to proceed with the application.
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Currently RinggitPlus only opens online applications to Non -Government Employees.
Features and Benefits
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Competitive rate
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No hidden charges
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No guarantor is required
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No deposit
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No processing fee
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Flexible financing tenure
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Selling price – fixed and known
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Fast approval
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100% Shariah compliant
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The maximum financing amount is up to RM300,000 for a period of 10 years.
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The interest rate charged is as low as 4.99% - 5.99%.
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The Islamic personal financing offered is to adopt the concept of Tawarruq as well as Murabahah commodities which are 100% Shariah compliant.