Agrobank AgroCash-i
Agrobank AgroCash-i gives civil servants and GLC staff access to Islamic personal financing
Calculate your monthly repayment
Fees and Charges
Eligibility
- Government employee & government-Linked Company employee
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest 3 months bank statement (with salary being credited)
- Letter of employment or employer confirmation
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 5,000 - RM 49,999 | 12 - 120 months | min. RM 12,000 | 4.98% p.a. - 5.00% p.a. |
| RM 50,000 - RM 250,000 | 12 - 120 months | min. RM 12,000 | 5.18% p.a. - 5.20% p.a. |
Features
No collateral or guarantor required
It is based on Tawarruq transaction
Fast approval
Longer repayment tenure for up to 10 years
Suitable for those seeking to accomplish their agricultural dreams
Only for Government and GLC employees
Terms and Conditions
Product Review by CompareHero
Agrobank AgroCash-i
Agrobank AgroCash-i is an unsecured Islamic personal financing facility for agriculture and agro-based business activity, aimed at helping applicants build a farming or agro-based business in Malaysia.
Who can apply for Agrobank AgroCash-i?
The Agrobank AgroCash-i Islamic personal loan is open to permanent government employees and selected GLC employees.
To qualify for Agrobank AgroCash-i, applicants must meet the following requirements:
Government Employee:
- Age: 18 to 60 years old
- Monthly Income: RM1,000 and above
- Duration of Employment: At least 6 months of service (confirmed or under probation)
GLC Staff:
- Age: 21 to 60 years old
- Monthly Income: RM2,000 and above
- Duration of Employment: At least 1 year of service
How much can be borrowed from Agrobank AgroCash-i?
Government employees working in the Central Government, State Government and Statutory Bodies are offered a maximum Agrobank AgroCash-i financing amount of up to RM250,000. Other requirements include:
- Permanent employment status with at least 6 months of service
- Gross monthly income (including basic salary and fixed allowances) assessed based on financing eligibility (BPA deduction, DSR and Net Disposable Income)
- DSR capped at 70% (including housing financing applications)
GLC employees applying for Agrobank AgroCash-i are offered a maximum financing amount of up to RM200,000.
What are the Agrobank AgroCash-i profit rates?
Applicants with an Agrobank AgroCash-i financing amount of RM50,000 or more are offered the following profit rates:
- Up to 3 years: SBR + 2.23% p.a.
- 4 - 10 years: SBR + 2.25% p.a.
Applicants with an Agrobank AgroCash-i financing amount of less than RM50,000 are offered the following profit rates:
- Up to 3 years: SBR + 2.43% p.a.
- 4 - 10 years: SBR + 2.45% p.a.
Applicants with an unsatisfactory credit assessment are offered a different Agrobank AgroCash-i profit rate:
- Up to 10 years: SBR + 4.67% p.a.
Note: Agrobank's current Standardised Base Rate (SBR) is 2.75%.
Agrobank AgroCash-i profit charges are determined based on credit history, including whether repayments have been made on schedule and whether any loans have been restructured or refinanced.
Agrobank AgroCash-i personal financing offers a higher financing limit, repayment tenures of up to 10 years, and fast approval for applicants who meet all borrowing requirements.
What are the Agrobank AgroCash-i fees and charges?
There is no processing fee for Agrobank AgroCash-i personal financing. A Brokerage Fee of RM15 per RM1,000,000 of financing applies, or an amount set by the commodity trading platform. This fee may be subject to service or other taxes.
The Agrobank AgroCash-i financing amount is also subject to Stamp Duty under the Stamp Act 1949 (Revised 1989), deducted from the total approved financing amount.
How are Agrobank AgroCash-i monthly instalments paid?
Monthly Agrobank AgroCash-i instalments are deducted directly from the applicant's salary account via Biro Perkhidmatan Angkasa (BPA).
Early settlement of Agrobank AgroCash-i personal financing is allowed with zero penalties, and Agrobank grants an Ibra' (rebate) in such cases. Since monthly payments are automatically deducted from the salary account, there is a processing period required to stop these deductions after early settlement. This means an extra payment may still be deducted even after the loan has been fully settled. Any excess amount deducted is refunded.
Further details on Agrobank AgroCash-i are available in the Product Disclosure Sheet and Terms and Conditions of this product.
Is Takaful coverage required for Agrobank AgroCash-i?
Takaful coverage is optional for Agrobank AgroCash-i applicants. Applicants are encouraged to sign up for the Takaful Credit Scheme to cover the liability of indebtedness in the event of death or permanent disablement.
Can a blacklisted applicant apply for Agrobank AgroCash-i?
There is no official "blacklist" in Malaysia. Credit information — including outstanding credit card, personal loan, home loan, or car loan debts — is captured in CCRIS and CTOS, which are credit reporting systems rather than blacklisting systems.
Applicants with poor credit standing due to irregular payments are advised to make consistent, on-time payments going forward, as this improves the likelihood of future Agrobank AgroCash-i approval.
Agrobank is more likely to approve an AgroCash-i personal loan application from applicants who show responsible management of personal finances rather than accumulating additional debt.