Bank Islam Personal Financing-i Non-Package
Islamic financing of up to RM300,000, exclusive to PLC employees with a minimum income of RM2,000 monthly.
Calculate your monthly repayment
Fees and Charges
Eligibility
- Salaried employee & public Listed Company employee
- A copy of your IC (both sides)
- Latest 3 months salary slips
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- Letter of employment or employer confirmation
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 10,000 - RM 300,000 | 12 - 120 months | min. RM 24,000 | 12.82% p.a. - 17.75% p.a. |
Terms and Conditions
Product Review by CompareHero
Bank Islam Personal Financing-i Non-Package is an unsecured Islamic personal financing option for employees of Public Limited Companies in Malaysia, with financing amounts of up to RM300,000.
Who can apply for Bank Islam Personal Financing-i Non-Package?
Bank Islam Personal Financing-i Non-Package is open to employees of Public Limited Companies. To qualify, applicants need to:
- Be a Malaysian citizen
- Be between 18 and 60 years old, and not older than the retirement age or the end of the financing tenure
- Earn a minimum basic monthly income of RM2,000
What's the borrowing limit and rate for Bank Islam Personal Financing-i Non-Package?
With this financing, applicants can borrow between RM10,000 and RM300,000, with up to ten years to repay, or until retirement age, whichever comes first.
The rate on Bank Islam Personal Financing-i Non-Package depends on a few things: whether Takaful coverage is taken, the tenure, the payment method, the applicant's salary, and whether they're already a Home Financing-i customer with Bank Islam.
Via salary transfer:
| Coverage | Tenure | Floating Rate |
| With Takaful | 1–3 years | SBR + 5.66% = 8.41% |
| With Takaful | 4–8 years | SBR + 7.69% = 10.44% |
| With Takaful | 9–10 years | SBR + 8.92% = 11.67% |
| Without Takaful | 1–3 years | SBR + 10.07% = 12.82% |
| Without Takaful | 4–8 years | SBR + 11.06% = 13.81% |
| Without Takaful | 9–10 years | SBR + 11.06% = 13.81% |
Via standing instruction:
|
|
|
|
|---|---|---|
| Coverage | Tenure | Floating Rate |
| With Takaful | 1–3 years | SBR + 5.67% = 8.42% |
| With Takaful | 4–8 years | SBR + 9.83% = 12.58% |
| With Takaful | 9–10 years | SBR + 11.55% = 14.30% |
| Without Takaful | 1–3 years | SBR + 12.00% = 14.75% |
| Without Takaful | 4–8 years | SBR + 13.00% = 15.75% |
| Without Takaful | 9–10 years | SBR + 13.00% = 15.75% |
| Coverage | Tenure | Floating Rate |
| With Takaful | 1–3 years | SBR + 5.67% = 8.42% |
| With Takaful | 4–8 years | SBR + 11.83% = 14.58% |
| With Takaful | 9–10 years | SBR + 13.55% = 16.30% |
| Without Takaful | 1–3 years | SBR + 12.00% = 14.75% |
| Without Takaful | 4–8 years | SBR + 15.00% = 17.75% |
| Without Takaful | 9–10 years | SBR + 15.00% = 17.75% |
| Coverage | Tenure | Floating Rate |
| With Takaful | 1–3 years | SBR + 5.67% = 8.42% |
| With Takaful | 4–8 years | SBR + 7.35% = 10.10% |
| With Takaful | 9–10 years | SBR + 8.25% = 11.00% |
| Without Takaful | 1–3 years | SBR + 12.00% = 14.75% |
| Without Takaful | 4–8 years | SBR + 13.00% = 15.75% |
| Without Takaful | 9–10 years | SBR + 13.00% = 15.75% |
*Bank Islam's Standardised Base Rate (SBR) is currently 2.75% a year, effective 10 July 2025.
What fees apply to Bank Islam Personal Financing-i Non-Package?
There's no processing fee for Bank Islam Personal Financing-i Non-Package, apart from a Wakalah (Agency) Fee of RM50.
Government Stamp Duty also applies, at 0.50% of the total amount borrowed.
Is a guarantor or collateral needed?
Whether Bank Islam Personal Financing-i Non-Package requires a guarantor or collateral depends on Bank Islam's assessment of the applicant's credit standing. For financing above RM30,000, at least one guarantor is required.
How does repayment work?
Once Bank Islam Personal Financing-i Non-Package is approved, repayment starts the month after the money is credited into the applicant's chosen bank account. A late payment adds a 1% penalty fee.
Financing can be settled early, any time before the maturity date, with an Ibra' (rebate) equal to the remaining profit at the time of settlement.
Monthly instalments are paid either by Salary Transfer or Standing Instruction.
What documents does the Bank Islam Personal Financing-i Non-Package application need?
Applicants need to prepare a few supporting documents before submitting their application:
- Copy of IC (front and back)
- Latest 3 months' salary slips
- Latest confirmation letter from employer
- At least one of: EPF statement, latest 3 months' bank statement showing salary credited, or latest income tax form (Form B or Form EA/EC)
Can someone with a poor credit history still apply for Bank Islam Personal Financing-i Non-Package?
Credit history with other financial institutions matters here, since debts like credit cards, personal loans, home loans, and car loans all show up in CCRIS/CTOS. These systems record credit history, they don't blacklist people.
Anyone with a history of late payments is better off breaking that habit and paying on time from now on. Bank Islam is more likely to approve applicants who show they're managing their money well, rather than taking on more debt.