Maybank Islamic Personal Financing-i

Maybank (Malayan Banking Berhad)
Loan Amount: RM5000 – RM100000
Loan Tenure: 2 to 6 Years
Interest/Profit Rate: 6.5% – 8%
Loan Features: 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
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/Plan

Below is the repayment schedule for Maybank Islamic Personal Financing-i

Repayment Schedule Notice

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 through any of the Maybank branch nearest to you. Once you have submitted your application and the necessary documents, Maybank will provide you with the result within 48 hours. If your application is approved, the money will be transferred to your Maybank Islamic Current or Savings Account.

You can also apply Maybank Islamic Personal Financing-i online from the comfort of your home or office using BankBazaar 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 BBazaar

Do you know you can apply Maybank Islamic Personal Financing-i through BBazaar? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and BBazaar will call you within 24 hours and guide you through the application process. Did I mention that the process is 100% Free of Charge?

If you would like a hassle-free Maybank Islamic Personal Financing-i application, give BBazaar a try. Click APPLY NOW button and apply for Maybank Islamic Personal Financing-i through BBazaar right now.

After clicking the button, you will be redirected to BBazaar website. Click the “Check Eligibility” button 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

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