Kuwait Finance House (KFH) Personal Loan
Kuwait Finance House Malaysia is multinational Islamic bank that offers complete range of Shariah-based financial products and services under Corporate and Investment, Commercial, and Retail and Consumer Banking as well as Treasury and International Business
Kuwait Finance House (Malaysia) Berhad (KFH Malaysia) is the first foreign Islamic bank that was granted a licence under the Islamic Banking Act (Malaysia) 1983 on 8 May 2005.
offers complete range of Shariah-based financial products and services under Corporate and Investment, Commercial, and Retail and Consumer Banking as well as Treasury and International Business
Compare Personal Loans by Kuwait Finance House Malaysia
Kuwait Finance House Malaysia is a multinational, Islamic bank with 20+ Branches nationwide. They offer 2 different Personal Loans and 1 Mortgage.
About the loan
Features
| ongoing promotion | - |
| profit rates | from 6.88% p.a. |
| effective profit rates | from 11.51% p.a. |
| profit rates (with collateral) | from 6.18% p.a. |
| effective profit rates (with collateral) | from 10.48% p.a. |
| minimum financing amount | RM 5,000 |
| maximum financing amount | RM 250,000 |
| minimum financing tenure | 24 months (2 years) |
| maximum financing tenure | 120 months (10 years) |
Benefits
- an Islamic personal financing based on the Syariah concept of Murabahah Tawarruq
- no guarantors or collateral required
- get financing up to RM 250,000
- competitive flat profit rates
- flexible tenure ranging from 2 to 10 years
- Takaful protection for total peace of mind
- no early settlement penalty
- easy repayment via Interbank GIRO (IBG) or Interbank Fund Transfer (IBFT)
Eligibility
- Malaysian resident
- minimum gross monthly income - RM 3,000
- confirmed and permanent staff
- individuals working with multinational companies (MNC), public limited companies (PLC), government-linked companies (GLC) and their subsidiaries
- minimum age - 21 years old
- maximum age - 58 years old
Fees & Charges
- brokerage fee - proportionate as per the financing amount
- stamp duty - 0.5% of the financing amount
- Takaful - varies as per the individual customer's profile (age, gender, tenure, etc)
- late payment compensation charge - 1% p.a. on the overdue instalment
- early settlement rebate - entitled to Ibra', must give prior notice in writing 30 days prior to the effective date
Documents Required
| Category | Documents to prepare |
| Salaried earners |
|
| Self-employed | Compulsory documents
Any of the following documents where required by KFH
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Reference
[last updated: 07 Nov 2019]