Icon Everest Credit Personal Financing-i
An Islamic personal financing without any collateral or guarantor. Borrow up to RM150,000 over 40 months, and get same-day approval.
Calculate your monthly repayment
Fees and Charges
Comparing and applying through CompareHero is free. Any fees, charges, interest rates, and final loan terms are set by the licensed lender.
Eligibility
- Salaried employee
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest EPF statement
- Latest 3 months' bank statement
- Original utility bills
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 1,000 - RM 150,000 | 12 - 40 months | min. RM 20,400 | 18.00% p.a. |
Features
Shariah-compliant personal financing based on the Commodity Murabahah (Tawarruq) structure
Repayment terms of up to 40 months
No collateral and no guarantor required
Same-day payout approval
Early settlement allowed with rebate (Ibra') on unearned profit
Terms and Conditions
Product Review by CompareHero
[Last updated: 27 August 2026]
What is Icon Everest Credit Personal Financing-i?
Icon Everest Credit Personal Financing-i is a Shariah-compliant, unsecured personal financing facility from Icon Everest Credit Sdn Bhd (Reg. No. 1252567-H), a licensed lender in Malaysia with KPKT moneylender licence no. WL6376/10/01-7/160427. It runs on the Commodity Murabahah (Tawarruq) structure, which means your profit rate is locked in from the start with no floating rates and no compounding charges.
What can you use it for?
The financing is open for any personal use, whether that's covering medical costs, home expenses, or other personal needs. The only restriction is that it cannot be used for non-halal goods or services. You don't need a guarantor or any collateral to apply.
How much can you borrow and what is the profit rate?
Borrowers can take out between RM1,000 and RM150,000, repayable over 12 to 40 months. The profit rate is fixed and flat at 18% per annum (unsecured).
A flat rate means the profit is calculated once, on the full loan amount, for the entire loan period. It doesn't reduce as the balance is paid down, unlike most bank personal loans, where profit is charged only on the outstanding amount.
Formula: I = (P + P×R×T)/M
Where:
P = Principal Loan Amount (RM 10,000.00)
R = Annual Flat Profit Rate (18% / 0.18)
T = Loan Tenure in years (e.g., 2)
M = Total Repayment Period in months (24)
For example, on a loan of RM20,000 over 40 months, total profit comes to RM12,000. That brings total repayment to RM32,000, or RM800 a month. This excludes stamp duty and other charges, which will add to the actual repayment amount.
Because profit stays fixed on the full loan amount, the real cost, known as the Effective Profit Rate (EPR), works out higher than the 18% flat rate. It varies by tenure:
| Tenure | EPR |
| 12 months | 36.76% p.a. |
| 24 months | 36.42% p.a. |
| 36 months | 35.27% p.a. |
| 40 months | 34.90% p.a. |
What are the fees or charges that are applicable?
A few costs are deducted from your financing amount before disbursement, so the amount you receive will be less than what you applied for:
- Late Payment Fee:
1% per annum simple profit on the current outstanding amount - Stamp Duty: Stamp duty per Stamp Act 1949
Can I settle the financing early?
You can pay off the full amount any time before your tenure ends. Icon Everest Credit will grant a rebate (Ibra') on whatever profit hasn't been earned yet, minus any applicable early settlement charges. Just give written notice before your intended settlement date.
How can I make my monthly payments?
Payments can be made via Auto-Debit, JomPay, Cash Deposit Machine, ATM Transfer, Internet Banking, Interbank GIRO (IBG), or instant transfer. Auto-Debit is probably the most hassle-free option, and you can authorise Icon Everest Credit to debit your account directly each month.
What happens if I miss a payment?
A late payment fee will be applied at 1%
Is Takaful coverage required?
Takaful isn't compulsory, but Icon Everest Credit encourages applicants to get covered as a precaution. If you go with an operator from their approved panel, the contribution gets deducted from your financing amount before disbursement. If you choose an operator outside the panel, you'll need to cover that cost separately and show proof of coverage.
Who can apply?
Malaysian citizens aged 26 to 65 with a minimum monthly income of RM1,700 (RM20,400 annually) are eligible. No guarantor or collateral needed.
What are the required documents?
Get these ready before you apply:
- Your valid IC
- Minimum 3 months' salary slips
- Latest EPF statement
- Latest 3 months' bank statements
- Utility bill
Got questions before applying? You can reach Icon Everest Credit at:
- Contact number: 03-61407050 / WhatsApp 016-6088484
- Email: [email protected]
Can blacklisted applicants apply for this financing?
Icon Everest Credit runs its own internal credit assessment as part of the approval process. Whether applicants with disadvantageous credit listings are considered will need to be confirmed directly with them.
How do I contact Icon Everest Credit for details?
No. 11-2, Jalan PJU 5/10, Dataran Sunway, Kota Damansara, 47810 Petaling Jaya, Selangor
License No.: WL6376/10/01-7/160427
Advertisement Permit No.: WP6376/10/01-7/160427
Office Tel: 03-61407050
WhatsApp: 016-6088484
Email: [email protected]
Icon Everest Credit Sdn Bhd (Registration (1252567-H))