MBSB Mumtaz-i
Min. Interest Rate3.06% p.a.
Max. Loan AmountRM 250,000
Max. Tenure10 years
Min. Interest Rate3.06% p.a.
Max. Loan AmountRM 250,000
Max. Tenure10 years
Shariah financing up to RM250,000 for eligible government and GLC employees.
Calculate your monthly repayment
*Profit rate, monthly repayment, and total repayment amount displayed are estimates for illustrative purposes only. The actual financing terms, including the approved amount, and final profits are subject to assessment and approval by the lending party.
Fees and Charges
Profit RateAs low as 3.06% p.a.**Subject to terms and conditions
Stamp Duty
Exempted
Processing Fee
RM 34.00As Wakalah Fee
Late Payment Fee
1.00% on such overdue amount1% p.a. on such overdue amount during the facility tenure or if it’s after the maturity of the facility tenure, then a rate that won’t exceed the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) will be charged on the outstanding balance
Early Termination Fee
Exempted
Eligibility
Min. IncomeRM 3,000per monthRM 36,000 per year
Who Can Apply?Malaysian citizens19 - 60 years old
Employment Status
- Goverment employees
- GLC employees
- Permanent employees of Government, GLCs, local councils and selected companies having salary deduction arrangements with the Bank with at least 12 months in service
Documents required to apply
- Copy of identity card (front & back)
- 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
- A copy of BPA form
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 10,000 - RM 250,000 | 24 - 120 months | min. RM 36,000 | 3.06% p.a. - 5.80% p.a. |
Features
Profit rates from 3.06% - 5.80% p.a.
High financing amount of up to RM250,000
No guarantor is required and no early settlement charges
Optional Takaful coverage
Convenient mode of payment through salary deduction via Biro Angkasa, Accountant General or employer salary deduction
For permanent employees of Government, GLCs, local councils and selected companies having salary deducting arrangements with the Bank with at least 12 months in service
Minimum loan amount: RM10,000
Maximum loan amount: RM250,000
Minimum duration of the loan: 24 months
Maximum duration of the loan: 120 months