AEON iCash Personal Financing

AEON Credit Service (M) Berhad


Financing Amount: RM1000 – RM100000
Financing Tenure: 1 to 7 Years
Profit Rate: 7.92% p.a – 18.00% p.a
Loan Features: Islamic, Low Income, Unsecured
Employment: Armed Forces, GLC Employee, Government Employee, Pensioner, Private Sector Employee, Self Employed
Minimum Yearly Income: RM18000
Age Eligibility: 18 to 65 Years Old
Debt Consolidation: No
AEON iCash Personal Financing

AEON iCash Personal Financing is an unsecured Islamic personal financing offered by AEON Credit Service (M) Berhad. AEON iCash is fully Shariah-compliant based on Bai Al-Inah’s concept. As this is an unsecured loan, you don’t have to provide any collateral or guarantor to apply. This personal financing from AEON Credit is offered to Malaysian citizens working in the public and private sector, as well as self-employed individuals.

What makes AEON iCash stand out from the rest is the minimum requirement or eligibility offered. You are qualified to apply for AEON iCash personal loan with minimum gross pay of RM1,500 per month.

AEON iCash Personal Financing Features

AEON iCash Personal Financing offer several attractive features, some of them are:

  • Flexible financing amount
    AEON iCash offer financing amount from as low as RM1,000 to RM100,000.
  • Flexible repayment schedule
    AEON Credit offer the most flexible repayment schedule from 12 months up to 84 months.
  • Fixed profit rate
    With Bai Al-Inah concept, AEON iCash profit rate start from as low as 0.66% per month.
  • Variable interest rate
    The higher the loan amount, the lower you pay.
  • Low monthly repayment
    Monthly repayment as low as RM 54 based on loan amount and loan tenure
  • No early settlement fee and handling fee
    Unlike other banks, AEON Credit won’t charge you for early settlement fee or handling fee.
  • Low age requirement
    While other banks required applicant to be more than 21 of age, you can apply for AEON iCash if you are 18 and above.

These features make AEON iCash by AEON Credit (M) Berhad one of the most attractive personal loan plan in Malaysia.

Requirements & Eligibility

AEON iCash requirements and eligibility are not as strict as other bank’s personal loan in Malaysia. Below are the requirement to apply for AEON iCash personal financing:

General requirements

  • Malaysian PR
  • Age between 18 and 65 years old.
  • Minimum monthly income of RM1,500 gross pay or minimum annual income of RM18,000 gross pay.
  • Not blacklisted by AEON or any other banks in Malaysia.
  • Not under Special Attention Account (SAA) – Pemerhatian Khas.
  • Not under the Debt Management Programme by AKPK.

For government employee

  • Work status is permanent.

For private employee

  • Have been working for more than 6 months with the employee.
  • Able to provide 6 months or more EPF statement.

For self-employed

  • Registered business with Suruhanjaya Syarikat Malaysia (SSM) for more than 1 year.
  • Registered bank’s current account with monthly transaction more than RM5,000.

Not eligible to apply?

If you didn't meet the requirements to apply, you can use our "Check Eligibity Form" to find the best personal financing plan for you.

Documents Needed

As with other bank personal loan in Malaysia, you will have to provide several documents to apply for AEON iCash Personal Financing. The documents differ according to your career types.

Government Sector

If you work in a government or a public, you will have to provide these documents upon application.

  1. Original copy of NRIC.
  2. Latest 3 month’s salary slip.
  3. Latest 3 month’s salary crediting bank statement.

Private Sector

If you are working in private sector, you need to provide these documents when applying for AEON iCash.

  1. Original copy of NRIC.
  2. Latest 3 month’s salary slip (if your salary is deposit directly into bank) or latest 6 month’s salary slip/voucher (if your salary is paid by cash or cheque).
  3. Latest 3 month’s salary crediting bank statement (if your salary is deposited to bank).
  4. Latest EPF statement (6 months minimum)

Self-Employed

For business owner or self-employed, you will need to provide these documents to apply for AEON iCash.

  1. Original copy of NRIC.
  2. Company Business Registration Certificate (ROC & ROB). Registration must exceed 1 year.
  3. Latest 6 months company’s current account statement.
  4. BE/E form & Tax payment receipt.

Repayment Schedule/Table

Below is the repayment schedule for CIMB Cash Plus. Click on the image for a larger view.

AEON iCash repayment schedule
AEON iCash Personal Financing Installment Table.
This table is for illustration purpose only. Your AEON iCash Personal Financing installment may vary according to several factor including (but not necessary) ongoing promotion, interest/profit rate, financing amount, financing tenure, base rate (BR), credit score and your income.

Charges & Fees

AEON Credit will charge you some fees if your AEON iCash application is approved.

  1. For financing amount below RM10,000, there is a 4% processing fee.
  2. For financing amount above RM10,000, there is a 2% processing fee.

Our advice is to apply for financing amount above RM10,000. Not only you will be eligible lower interest rate, you will also enjoy a lower processing fee.

How to Apply

Important!

Before applying, make sure you have read the Requirements & Eligibility section above. There's no point in applying if you are not eligible to apply for this loan.

You can apply for AEON iCash Personal Financing by visiting any of AEON Credit Service (M) Berhad branch.

You can also apply online from the comfort of your home or office using RinggitPlus service. It’s free and in some cases you will get quicker result with higher approval rate. Read more below.

Apply AEON iCash Personal Financing with RinggitPlus

Do you know you can apply AEON iCash Personal Financing through RinggitPlus? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and RinggitPlus will call you within 24 hours and guide you step by step through the application process. And their service are 100% Free of Charge.

If you would like a hassle-free AEON iCash Personal Financing application, give RinggitPlus a try. Click APPLY NOW button and apply for AEON iCash Personal Financing through RinggitPlus right now.

You will be redirected to RinggitPlus website. On the website, click Apply Now to proceed with your application.

AEON iCash Personal Financing Review

AEON iCash Personal Financing is suitable for those looking for fast cash without the hassle of complicated documents and terms. With flexible financing amount from RM1,000 up to RM100,000, you can find the suitable amount for your need. However, a steep processing fees for financing amount below RM10,000 is a bit of a let-down for this personal loan plan.

AEON iCash Personal Financing

Pros

  • Flexible financing amount.
  • Financing amount from as low as RM1,000.

Cons

  • High interest rate for financing amount below RM10,000
  • High processing fee for financing amount below RM10,000

Our Rating

4

Out of 5

Frequently Ask Questions on AEON iCash Personal Financing

Below are some of the frequently ask question regarding AEON iCash Personal Financing

What is AEON iCash Personal Financing?

AEON iCash Personal Financing an Islamic Personal Financing plan from AEON Credit Service (M) Berhad.

Who can apply for AEON iCash Personal Financing?

AEON iCash Personal Financing is offered to Malaysian Citizen aged between 18 and 65, working in the Public Sector, Private Sector, Self Employed, Pensioner, Armed Forces with a minimum annual income of RM18000. Please refer to the “Requirements and Eligibility section” for the complete requirements.

How much can I borrow from AEON iCash Personal Financing?

You can borrow from RM1000 up to RM100000. However, final approval amount will depends on several factor such as your income, credit score, etc.

How long is the financing tenure?

AEON iCash Personal Financing offer a financing tenure from 1 to 7 years. However, maximum financing tenure will depends on AEON Credit Service (M) Berhad final decision.

How can I apply for AEON iCash Personal Financing?

Please refer to the “How to Apply Section” above.

How long do I have to wait for result?

Usually you will get your AEON iCash Personal Financing application’s result in 1 to 7 working days after you have submitted the required documents.

How much do I have to pay every month?

Please refer to the “Loan Repayment Schedule” above.

Can I apply AEON iCash Personal Financing for Debt Consolidation?

No, this loan is not available for debt consolidation.

Can I apply if I am blacklisted in my CTOS report?

Sorry, you can’t apply for AEON iCash Personal Financing if you are blacklisted in your CTOS report. However, if you are blacklisted by non-financial institution such as telecommunication companies, easy payment scheme, etc, you are eligible to apply.

Can I apply if I have a bad credit score in my CCRIS report?

Sorry, you are not eligible to apply for AEON iCash Personal Financing if you have outstanding credit in your CCRIS report.

Can I apply if I’m under AKPK Debt Management Programme?

Unfortunately no. You cannot apply any bank loans if you are under the AKPK Debt Management Programme.

I have other questions regarding AEON iCash Personal Financing

Please leave your question in the comment section below. We will reply to them as soon as possible.

Got Questions Regarding AEON iCash Personal Financing?

Ask away in the comment section below. We will try to reply to them as soon as possible, we promise!