AmBank Personal Loan

The AmBank Group is one of the largest financial institutions in Malaysia and a reputed key financial solution provider. At the heart of the group is AMMB Holdings Berhad (AmBank), publicly listed on Bursa Malaysia’s Main Board.

The AmBank Group was established in 1975 and now has RM 131.7 billion in total assets. With 12,000 employees in the workforce that cater the needs of more than six million individuals and corporate customers nationwide.

It has the largest ATM network at 7-Eleven stores nationwide and has the most number of branches open on weekends for banking services. AmBank Group has also garnered an abundance of awards from The Banker Magazine (Bank of the Year in Malaysia 2013) and Asia Banker Technology Implementation Awards (Best Single Country Core Banking Implementation 2014 Award) to name a few.

Compare Personal Loans by AmBank Malaysia

AmBank is a local bank with 170+ Branches and 880+ ATMs. They offer 12 different Credit Cards, 4 Personal Loans and 5 Mortgages.

About the loan

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A personal loan that’s flexible to help you achieve your goals or to cover the unexpected expenses.

Benefits & Features

  • 5% yearly interest rebate for prompt paymasters
  • Loan Amount:
    • Minimum: RM2,000
    • Maximum: RM100,000
  • Flexible tenure: 12 - 60 months
  • No collaterals or guarantors required
  • No processing fees
  • Low monthly repayments

Interest Rates

Salaried Employees

  • RM2,0000 to RM20,000: 9.99% p.a. (60-month EIR: 17.26%)
  • RM21,000 to RM50,000: 8.50% p.a. (60-month EIR: 14.92%)
  • RM51,000 to RM100,000: 8.00% p.a. (60-month EIR: 14.13%)

Self-employed:

  • RM2,000 to RM100,000: 11.99% p.a. (60-month EIR: 20.30%)

Fees and Charges

  • Stamp Duty
  • Stamping Fee:  0.5% of financing amount
  • Late Payment Charge: 1% p.a. on outstanding instalment

Documents Required

  • NRIC
  • Latest 3-month payslip
  • EPF statement

Eligibility

  • Malaysian
  • Aged 21 years to retirement age
  • Minimum income of RM3,000

A Shariah-compliant personal financing plan with a fixed rate for your financial needs.

Benefits & Features

  • 5% yearly interest rebate for prompt paymasters
  • Loan Amount:
    • Minimum: RM2,000
    • Maximum: RM100,000
  • Flexible tenure: 12 - 60 months
  • No collaterals or guarantors required
  • No processing fees
  • Low monthly repayments

Interest Rates

Salaried Employees

  • RM2,0000 to RM20,000: 9.99% p.a. (60-month EIR: 17.26%)
  • RM21,000 to RM50,000: 8.50% p.a. (60-month EIR: 14.92%)
  • RM51,000 to RM100,000: 8.00% p.a. (60-month EIR: 14.13%)

Self-employed:

  • RM2,000 to RM100,000: 11.99% p.a. (60-month EIR: 20.30%)

Fees and Charges

  • Stamp Duty
  • Stamping Fee:  0.5% of financing amount
  • Late Payment Charge: Islamic Interbank Money Market (IIMM) p.a. calculated on daily basis

Documents Required

  • NRIC
  • Latest 3-month payslip
  • EPF statement

Eligibility

  • Malaysia
  • Aged 21 years to retirement age
  • Minimum income of RM3,000

AmBank is one of the largest banks in Malaysia. It was founded in 1957 and has its core businesses focused on retail banking, wholesale banking, Islamic banking, and life and general insurances.

They offer personal loans that cater to various financial needs with competitive rates.

Applicant should be at least 21 years old with a minimum annual income of RM36,000.

No, there is no lock-in period for AmMoneyLine Personal Loan.

Yes, you can. There will be no early settlement fee. It must be notified to the bank at least 1 month in advance in writing.

You will be imposed a Late Payment Penalty, which is 1% p.a. on your outstanding instalment. The bank will also have the right to use any credit balance you may have in accounts with them to settle the outstanding balance.

The financing uses the Shariah concept of Bai’ Inah, the sale contract followed by repurchase by the seller at a different price.

Prior to maturity: You will be imposed a Late Payment Penalty, which is 1% p.a. on your outstanding instalment. The bank will also have the right to use any credit balance you may have in accounts with them to settle the outstanding balance.

After maturity: You will be imposed a Late Payment Penalty, calculated using the Islamic Interbank Money Market rate per annum from the date of maturity until full settlement.

Yes, you can. There is no early termination fee. You must inform the bank at least 1 month in advance in writing before doing so.

Yes, you will receive Ibra’ on the amount of the balance when you carry out a full settlement.