Maybank Islamic Personal Financing-i

Maybank (Malayan Banking Berhad)


Financing Amount: RM5000 – RM100000
Financing Tenure: 2 to 6 Years
Profit Rate: 6.5% p.a – 8% p.a
Loan Features: Debt Consolidation, Fast Approval, Islamic, Unsecured
Employment: GLC Employee, Government Employee, Pensioner, Private Sector Employee, Self Employed
Minimum Yearly Income: RM30000
Age Eligibility: 21 to 60 Years Old
Debt Consolidation: Yes
Maybank Islamic Personal Financing-i

Maybank Islamic Personal Financing-i is an unsecured Islamic personal loan plan from Maybank Islamic. Maybank Islamic is a subsidiary of Maybank and is one of the largest Islamic financial institutions in the Asia Pacific Region. As an Islamic personal loan, Maybank Islamic Personal Financing-i is based on the Islamic contract of Commodity Murabahah and is fully Syariah compliant. This personal loan from Maybank is available to all Malaysians and is easy to apply without the need for a guarantor or collateral. There is also no processing fee and duty stamping fee – you will get 100% disbursement of the loan amount to your Maybank account. Financing amount start from RM5,000 up to RM100,000 and profit rate varies from 6.5% to 8% depends on the financing amount.

Maybank Islamic Personal Financing-i Features

Some of the attractive features of Maybank Islamic Personal Financing-i.

  • Easy to apply
    Maybank Islamic Personal Financing-i is available to anyone who is a Malaysia PR from age 21 to 60 years old without any job restriction, including pensioner.
  • Fast Approval
    If everything goes well, you can get your loan approved within 48 hours after you have submitted all the necessary documents.
  • Flexible financing amount
    Maybank Islamic Personal Financing-i offer a flexible financing amount from RM5,000 up to RM100,000. You can choose to borrow any amount between this range.
  • Flexible financing tenure
    You can choose to repay the loan between 2 to 6 years.
  • Variable profit rates
    Profit rates start from 6.5% to 8%, which is one of the lowest profit rates for Islamic personal loan in Malaysia.
  • Zero fee
    Unlike other Islamic personal financings, Maybank Islamic won’t charge you any processing fee or stamp duty charges.
  • Full disbursement
    In other words, you will get full disbursement of the financing amount. The money will be deposited into your chosen Maybank Islamic Current or Savings Account.
  • Optional Takaful Coverage
    You can choose to opt-in for Maybank Islamic Takaful Insurance – Personal Care Takaful Plan in case something happens to you during the financing tenure. However, this is optional and not compulsory.

Requirements & Eligibility

If you choose to apply for Maybank Islamic Personal Financing-i, you must meet these requirements by Maybank Islamic.

General requirements

  • Malaysian Permanent Resident (PR)
  • Age between 21 and 60 years old.
  • Minimum monthly income is RM2500, or minimum annual income is RM30,000.
  • Not blacklisted by AEON or any other banks in Malaysia.
  • Not under Special Attention Account (SAA) – Pemerhatian Khas.
  • Not involved with the Debt Management Programme by AKPK.

For government employee

  • Work status is permanent.

For private employee and GLC employee.

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

For self-employed

  • Own a registered business with Suruhanjaya Syarikat Malaysia (SSM).

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

You will have to provide the following documents to apply for Maybank Islamic personal Financing-i. Documents requirements vary according to your employment.

Salaried Employee (Private Sector, Government and GLC)

  1. Copy of NRIC (front and back).
  2. Latest 3 months salary slips.
  3. Latest 6 months bank account statement (salary credited).
  4. Latest BE form with official tax receipt.

Self-Employed

  1. Copy of NRIC (front and back).
  2. Business Registration Certificate.
  3. Latest 6 months current account statements
  4. Latest BE Form/BE e-Form with valid tax payment receipt.

Repayment Schedule/Table

We are still updating the installment/repayment table for Maybank Islamic Personal Financing-i. Sorry for the inconvenience.

Charges & Fees

Maybank Islamic will not charge any processing or stamp fee for Maybank Islamic Personal Financing-i. However, there is a late payment charge of 1% of the current outstanding amount.

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 Maybank Islamic Personal Financing-i by visiting any of Maybank (Malayan Banking 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 Maybank Islamic Personal Financing-i with RinggitPlus

Do you know you can apply Maybank Islamic Personal Financing-i 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 Maybank Islamic Personal Financing-i application, give RinggitPlus a try. Click APPLY NOW button and apply for Maybank Islamic Personal Financing-i through RinggitPlus right now.

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

Maybank Islamic Personal Financing-i Review

Maybank Islamic Personal Financing-i is a popular personal financing plan by Maybank Islamic. It’s available to all Malaysians with PR status, and offer an attractive profit rate compared to other Islamic personal loans in Malaysia. With results within 48 hours after application, this is one of the fast approval Islamic personal loans in our country. Maybank Islamic also does not impose any processing charge and stamp duty fee. These features make Maybank Personal Financing-i one the most sought-after Islamic personal financing. However, the salary requirement is a bit high for most Malaysians. You will have to earn at least RM30,000 annually. That’s mean you have to earn more than RM2,500 every month – which is not what average Malaysians make. But, if you meet all the requirements for this personal financing from Maybank Islamic, chances are your loan application will be approved by Maybank Islamic.

Maybank Islamic Personal Financing-i

Pros

  • Available to all Malaysians.
  • No processing and stamp duty fees.
  • Full disbursement.
  • 48 hours result.
  • Low profit-

Cons

  • High salary requirement.

Our Rating

3.8

Out of 5

Frequently Ask Questions on Maybank Islamic Personal Financing-i

Below are some of the frequently ask question regarding Maybank Islamic Personal Financing-i

What is Maybank Islamic Personal Financing-i?

Maybank Islamic Personal Financing-i an Islamic Personal Financing plan from Maybank (Malayan Banking Berhad).

Who can apply for Maybank Islamic Personal Financing-i?

Maybank Islamic Personal Financing-i is offered to Malaysian Citizen aged between 21 and 60, working in the Public Sector, Private Sector, Self Employed, Pensioner with a minimum annual income of RM30000. Please refer to the “Requirements and Eligibility section” for the complete requirements.

How much can I borrow from Maybank Islamic Personal Financing-i?

You can borrow from RM5000 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?

Maybank Islamic Personal Financing-i offer a financing tenure from 2 to 6 years. However, maximum financing tenure will depends on Maybank (Malayan Banking Berhad) final decision.

How can I apply for Maybank Islamic Personal Financing-i?

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

How long do I have to wait for result?

Usually you will get your Maybank Islamic Personal Financing-i application’s result in 2 business 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 Maybank Islamic Personal Financing-i for Debt Consolidation?

Yes, you can apply this loan for debt consolidation. Please consult directly with Maybank (Malayan Banking Berhad) or use RinggitPlus service on how to apply for debt consolidation.

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

Sorry, you can’t apply for Maybank Islamic Personal Financing-i 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 Maybank Islamic Personal Financing-i 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 Maybank Islamic Personal Financing-i

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