Personal Financing-i Al Yasser

 

Personal Financing-i Al Yaseer

Personal Financing-i Al – Yaseer is a financing based on the concept of Tawarruq. The maximum limit of this financing is RM200,000.00 with financing tenure of up to ten (10) years and profit rate as low as 3.45% per annum.

 

Personal Financing-i Al Yasser

Financing Until

RM200 THOUSAND

 


Up to 10 Years

Up to 10 Years
 

 

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Profit Rate

Sector Payment Profit Rate %
Public & GLC BPA 1 – 3 Years : ECoF + 1.76%
4 – 10 Years : ECoF + 2.54%
Public PGM Income > RM3,000.00 1 – 3 Years : ECoF + 1.76%
Income > RM3,000.00 4 – 10 Years : ECoF + 2.54%
BPA Income > RM3,000.00 1 – 10 Years : ECoF + 3.05%
PDC/SI/Others Income RM5,000.00 – RM10,000.00 : ECoF + 3.71%
Income > RM10,001.00 : ECoF + 3.38%
* PDC – Post Dated Cheque * SI – Standing Instruction * Others-online banking

* Current ECoF is 2.90%. The above KKE includes Takaful. For financing without Takaful, an additional 1% applies on the current KKE.

 

Malaysian Citizen, age 18 years old and above (except financing with *PGM) or until retirement age (whichever is earlier)

Public sector

  • Government Sector & Statutory Bodies

Private sector

  • Private Sector / Selected Companies 

Minimum Income

  • Government Employees & GLCs - RM2,000.00
  • Private Sector & Employer Panel - RM3,000.00
  • Private Sector Non -Employer Panel - RM 5,000.00 and above

*The minimum age for financing with Employer's Salary Deduction (PGM) is 21 years old

Financing period up to 10 years or up to retirement age (whichever is earlier)

Guarantor / collateral is not required including staff with continued contract status (for Kemas & Unity Department staff only)

  • Public Sector / GLC / BPA - None
  • Others - equivalent to one (1) month installment
  NEW APPLICATION OVERLAPPING APPLICATION
MANDATORY DOCUMENTS I
  1. Copy of certified ID
  2. Certified copy of latest three (3) months salary statement
  3. EA / EPF Form (GLC / Private)
  4. Employment confirmation letter
  1. Copy of certified ID
  2. Certified copy of latest one (1) month salary statement
  3. Statement of Settlement
DOKUMEN SOKONGAN
  1. Utility bills
  2. Latest three (3) months bank statement where salary is credited & verified
  3. Letter of ‘option’ end of service / retirement age

Note: Supporting documents can be submitted before the offer letter and financing agreement are signed. If the supporting documents cannot be submitted by the applicant, the amount of funding that has been approved must be adjusted based on the information that has been received.