MBSP PERSONAL LOAN

Personal Financing-i (Islamic)

We provide an efficient service which makes it easy and convenient for you to apply.

Product Features

* Financing Amount - High financing amount. Up to 15 times monthly salary. Subject to a minimum of RM3,000 and up to a maximum of RM75,000.
* Flexible Repayment Period - at a minimum tenure of 2 years and up to 7 years
* Hassle Free Application - Application at 33 MBSB's branches nationwide and fast approval (a*)
* Fast approval.
* Obtain cash, fast and easy.
* Low monthly repayments.
* Profit Rate - Attractive fixed rate.
* Security Deposit - Equivalent to 3 months installment amount ( to be included in the financing amount)
* Processing Fee
- Up to RM10,000 - RM100
- RM10,001 - RM75,000 - RM200
* Other Requirements
o Guarantor
For loan amount up to RM50,000
+ Waived for Government staff
+ One (1) eligible guarantor of non-Government staff
For loan amount between RM50,001 � RM75,000
+ a) Two (2) eligible guarantors of Government and non-Government staff
o Participation in Group Reducing Term Takaful Plan
a) Optional Contract for Government staff who opt to extend their retirement age to 56 (b*)
o Monthly repayment is via salary deduction and post-dated cheque
* Supporting documents for Applicant(s) & Guarantor(s)
o Original IC (photocopy)
o Latest 3 months salary slip (original and photocopy)
o Employer's confirmation letter
o Latest 2 years Income Tax Form J

Notes:
a* To qualified applicant and subject to completion of documents
b* For government staff who opt to extend their retirement age to 56
c* Subject to Terms & Conditions
d* Applicant must be a confirmed staff of MBSB's approved corporate client. Application can be made directly at any of MBSB's branches or through the employer's Human Resources Department.

Eligibility For Personal Financing

* Applicant must be at least 21 years old and not exceeding 55/56 (b*) years old upon expiry of the facility
* Malaysian permanent resident
* Minimum income of RM1,000 (c*) ONLY (Joint income is applicable to husband and wife ONLY)
* Minimum gross monthly income of RM 1,000 (Joint income is applicable to husband and wife ONLY)
* Confirmed employee of MBSB's approved Corporate client
* Maximum financing up to 15 times monthly salary or maximum of RM75,000 whichever is lower
* Applicant must be a confirmed employee in any of the following:
o Government Sector
o MBSB's approved Corporate Client (d*)

Notes:
a* To qualified applicant and subject to completion of documents
b* For government staff who opt to extend their retirement age to 56
c* Subject to Terms & Conditions
d* Applicant must be a comfirmed staff of MBSB's approved corporate client. Application can be made directly at any of MBSB's branches or through the employer's Human Resources Department.

Other Details:
Security Deposits - equivalent to 3 months installment amount (to be included in the financing amount).

Profit Rates:
Repayment Periods Private Sector Rates Government Rates
2 - 3 years 6.35% 5.60%
4 - 5 years 6.75% 6.00%
6 - 7 years 7.00% 6.25%