Small Business. 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. Whether deposits, cards, or loans, you will find a perfect fit for you and your family. For government employees, you will enjoy a low and flat profit rate of 4.08% p.a. This product is Shariah compliant and is based on Tawarruq buy and sell concept. Submission closes 3 September 2020. Loans & Financing. There are three interest rates tiers where you can enjoy better inter… If you're late on your repayment by one month, AmBank Islamic will penalize you with 1% p.a. There is no penalty for early repayment, in fact, you should receive an Ibra’ (rebate). 2,000 19 talking about this. In addition, you are also required to pay Government Stamp Duty, which is service with the Government for at least 3 months. When you apply for AmBank Islamic CARz Platinum MasterCard-i. 1 copy of your Saving Account Passbook or Current Account 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. Federal and State Government and selected Statutory Bodies, who have been in 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). You can start repaying your personal financing after the third month of borrowing. Features: Applicant must be between the age of 21 to 60 to qualify. Personal Loan The loan that is tailored to your needs. 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. There are no processing fees, lock-in periods or early settlement fees. You must earn a minimum of RM1,500 every month. Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles. AmBank Islamic only charges you RM10 for the Letter of Approval. Car Loan; Personal Financing; AmMoneyLine; Home Loan; Cards . Whether you are going on a vacation, planning your wedding, decorating your home or even doing some much needed shopping, AM Bank … account number). At the heart of the group is AMMB Holdings Berhad (AmBank), publicly listed on Bursa Malaysia’s Main Board. 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. The one-time premium is calculated from the amount you borrow, the tenure of your loan and your age. and 200,000. FIXED 1 to 10 years : 4.99% p.a. You must consistently service your monthly installment until the end of this Islamic personal loan tenure. 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. 3 copies of MyKad (front and back) and certified true copy 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). By using our site, you accept our cookie policy. 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. In order to apply for a new financing, the customer needs to fully settle the existing one. AmBank Islamic personal financing is open to permanent employees of Want to apply for personal loan/ personal financing? On top of that, AmBank Islamic AmMoneyLine Facility-i offers you financing tenure of minimum 1 year up to maximum 5 years. It is fully complying with Shariah requirements based on the concept of Murabahah Tawarruq (MTQ). You can borrow amounts from RM2,000 to RM100,000 and repay the loan over 1 to 5 years. AmBank. Bhd. It's Shariah-compliant based on Bai' Inah contract (sale and buyback), High payout up to 99.5% with competitive pricing, Unsecured: No guarantor or collateral required, Higher financing limits and longer as well as flexible repayment tenures, Non-force product bundling (hibah / wasiat). 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. Malaysia's Bank. Enjoy one of the lowest market rates for housing loan at 3.99% from AmBank. Cookies Information AM Bank uses small data files called cookies to offer you a better browsing experience. Haven't received my message yet? 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. Use our personal financing calculator to find the best personal financing based on your requirements and eligibility. 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. RM5,000 to RM200,000. Your Bank. © 2021 Jirnexu Sdn. Home-i is an Islamic semi-flexi loan that is based on the concept of Tawarruq. When you apply for AmBank Islamic Visa Signature Card-i. Contact AmBank Islamic. calculated as 0.5% of the total amount you borrow. Online Banking. Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button. We will Continue to Serve You. When you apply for AmBank Islamic Card Al-Taslif MasterCard Gold Card-i. • For Cash Out Program, funds will be deposited to customer’s individual AmBank/AmBank Islamic Current or Savings Account/-i. ~ 11.99% p.a. You can find out if your company is listed under AmBank Islamic Personal Financing-i here. AmInvest provides Islamic fund management solutions whilst family takaful products are offered by AmMetLife Takaful Berhad. 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 ASB-i Financing Ambank islamic, credit card Take your business to a new level. with Takaful protection included. ... All your banking questions about credit cards, debit cards, personal loans, home loans, car loans, savings, and investment are answered in our comprehensive articles. What is AmBank Islamic Home-i? The AmBank Group was established in 1975 and now has RM 131.7 billion in total assets. 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. Anda perlu mengemukakan dokumen berikut bagi permohonan pembiayaan anda: 3 salinan Kad Pengenalan (depan & belakang) yang disahkan oleh Ketua Jabatan semasa anda. • Disbursement is strictly to active and first party account only. • For Debts Consolidation Program, funds will be directly payoff to required credit cards or loan/financing account. 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%. Deposits. Open WhatsApp now, How much the bank charges you based on your loan amount & loan period. This unsecured Islamic personal loan charges zero processing fee upon approval and no penalty for early settlement. So the loan is not available for anyone working in the private sector. Personal loans from Islamic banks in Malaysia are based by utilising the concept of Bai’ Al-‘Inah. There are several reasons you might want to pay attention when applying to AmBank Islamic Personal Financing-i: In Flat profit rate starts from 8.00% p.a. 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. Hurry! statement where you want your loan to banked-in (front page with name and KADAR PINJAMAN ASB YANG TERKINI. If you are looking for an Islamic personal financing then your search is over because AmBank Islamic AmMoneyLine Facility-i is here to provide you an unsecured Islamic personal financing with Takaful protection for Malaysian citizens. 8% p.a. FLOATING 1 to 3 years: Base Rate + 2.25% p.a. Get high approved amount and loan tenure up to 35 years. Applicant must not exceed the age of 60 at the end of the financing tenure.Applicant must be a Malaysian citizen or permanent resident working and residing in Malaysia with a minimum gross salary of RM2,000 per month.Takaful protection is compulsory.There is a rules that only allow customer to have only one credit facility at all times. All rights reserved. With a good credit score, you’ll likely be able to snag the most affordable profit rate. 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. The financing tool uses the concept of Bai’ Al-‘Inah, making it Shariah compliant. Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application. 2,000 Wealth Management. Income RM5,000 to RM8,000 RM8,000 to RM10,000 RM10,000 and above How Does An Islamic Personal Loan Work? The repayment terms are between 2 to 10 years. Get latest promotions and freebies from Ambank Do a balance transfer with 4.99 p.a to your account for more cash in hand! AmBank Islamic Personal Financing-i can help you cover your immediate need for cash. Credit Cards; Debit Cards; Corporate Credit Card; Cards Deals & Promotions; AmBank Merchant Business Solutions ... AmBank Islamic; PIDM’s DIS Brochure; AmBank’s List of Insured Deposits ; AmBank Islamic’s List of Insured Deposits; e-Banking. Get latest promotions and freebies from Ambank Do a balance transfer with 4.99 p.a to your account for more cash in hand! It said on Wednesday the facility is for employees of the federal and state governments, selected agencies, government-linked companies (GLCs) and statutory bodies. Contact Centre: +603-2178 8888 ... PIDM’s DIS Brochure; AmBank’s List of Insured Deposits; AmBank Islamic’s List of Insured Deposits; Personal. Cards; Deposits; Loans & Financing; Islamic; General Insurance; Life Insurance; Family Takaful; Wealth Management; Priority Banking; Business. Cards. 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. Priority Banking. Whether you want to elevate your lifestyle or in need of cash to cover the unexpected expenses, AmBank Islamic AmMoneyLine Facility-i is your credit lifeline to fill in the necessary gap. In other words, your outstanding loan will be taken care of by the insurer. AmBank Islamic's comprehensive range of Shariah-compliant retail and non-retail banking products and services (including investment, treasury and trade solutions), and delivery channels; continuously evolve in line with market changes. AmBank Islamic Berhad is the Islamic banking arm of AmBank Group and offers a comprehensive range of Shariah compliant retail and non-retail banking products and services, including investment, treasury and trade solutions. Takaful plan is required to cover for this Islamic personal loan, which will be underwritten by AmMetLife Takaful Berhad. by your Head of Department. 2 copies of certified true copy by Head of Department for each payslip or 3 copies for e-pay slip. Apply now For Government Servant 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). I agree to be contacted by RinggitPlus via WhatsApp regarding my application, Alliance Bank CashVantage Personal Financing-i, Standard Chartered CashOne Debt Consolidation Plan, Bank Islam Flat Rate Personal Financing-i Package, Bank Islam Floating Rate Personal Financing-i Package, Yayasan Ihsan Rakyat Personal Financing-i, Bank Islam Personal Financing-i Non-Package, Bank Islam Personal Financing-i Medical Practitioner, Bank Rakyat Personal Financing-i for Pensioner, AmBank Islamic Personal Financing-i Product Disclosure Sheet, Best Free Airport Lounge Access Credit Cards, Guide to Buying Your First Insurance Plan. Deposits; The application process is quite fast and the approval duration is up to 2 business days. So, the profit rate is like business earnings from the fee and profit for assets purchase-and-resale. Tell me about AmBank Islamic Arif Hire Purchase-i. Please complete the fields below and we will be in touch! Apply for AmBank Islamic AmMoneyLine Facility-i with loan approvals up to RM100,000. and It … AmBank Islamic is more likely to approve your AmBank Islamic Personal Financing-i  application if you can show that you are managing your personal finances, rather than accumulating more debt. Credit Card. Arif Hire Purchase-i is a hire purchase agreement between a borrower (you) and a financier (the bank). Assalamualaikum, Loan asb islamic ni bagus, utk bumiputera aje, asw n as1m yg open pun da penuh, gunekan klebihan OPM( Other People Moneys) dgn roll dividen yg dpat tuk tahun brikutnya, kalo loan 100k masih untung 1k, dgn syarat bukan bayar skaligus n dividen dsimpan dlm ASB. 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 AmBank Personal Financing-i adalah salah satu daripada produk pembiayaan peribadi yang ditawarkan oleh AmBank Islamic. Since you are required to set up a salary deduction method via Biro Perkidmatan Angkasa to pay for your personal financing, a 2% auto deduction fee will be added on top of your monthly instalment. The case in Malaysia particularly for the islamic personal loans don require the need for a collateral. Early settlement penalties: The fees that the borrower will have to pay in the event that he/she had settled the loan at an earlier date from the one specified on the loan agreement. Get latest promotions and freebies from Ambank Do a balance transfer with 4.99 p.a to your account for more cash in hand! AmMoneyLine (Conventional), AmMoneyLine Facility-i (Islamic) and Personal Financing-i (Islamic) are all fixed rate, unsecured personal loans that can help you finance any personal needs. AmBank Retail Banking presents to you a variety of products catered to individuals’ needs. Click here to join the AmBank BizRac e now.. Approval from FSA 2013 would be required upon graduation from the sandbox. late payment fee on the outstanding balance, calculated daily! Your monthly installment will consist of a principal amount plus profit charges for the month. Subject to credit check and approval, you can borrow any amount between Based on the Shariah concept of Tawarruq, our Home/ Property Financing-i offers you variable rate home/ property financing solutions. Your amount should be between Islamic personal loans, also known as an Islamic personal financing, is issued by Islamic banks in Malaysia. 100,000, Your salary should be between 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). AmBank Islamic Personal Financing-i - For Government Servant AmBank Islamic Personal Financing-i An unsecured Islamic personal loan designed especially for government sector workers - start your repayments after the third month. 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