Pinjaman Peribadi BSN

Bank Simpanan Nasional Personal Financing

To apply for financing customers must be:

A Malaysian citizen
Aged 21 to 55 / 60* years old at the end of the loan tenure
Open to permanent & contract officers and staff that have minimum three (3) years of working experience
Offered only to Employees of Premier Developer Panel, Private Hospital, Telecommunication Company, Licensed Financial Institution, Multinational Company, PETRONAS Group of Companies, Selected Private University & College, Statutory Body, Government Link Company, Selected Public Listed Company in Main Market Bursa Malaysia (Financial, Plantation,Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only) and Professionals (Doctor, Architect, Lawyer, Accountant and other certified Professionals)
Minimum gross income of RM3,000 per month (permanent staff) & RM10,000 per month (contract staff)
BSN GIRO / GIRO-i Account holders

Documents required for application:

Copy of latest three (3) months Salary Slips
Copy of your NRIC (both sides)
Latest EPF Statement
Confirmation Letter by Employer stating the below:
- Name and NRIC
- Designation and Employment Status
- Monthly salary
- Date of Employment

Or;

Latest EA / EC Statement and latest e-filing form or any verified documents by the Inland Revenue Board (LHDN

BSN Loan approval is based on the subject to the current terms & conditions and employer confirmation.

Types of Personal Loans:

BSN offers a variety of financing options for customer to choose from in order to get the funds customers. BSN personal loans are affordable and flexible.

SPD ATM
SandaranSijilSimpananTetap (STT)
Executive-1
SCOP (Klasik)
SCOP (Eksklusif)
SCOP (Super Klasik B)
BPA (Klasik)
BPA (Super Klasik B)
SKAP (Klasik)
SKAP (Eksklusif)
SKAP (Super Klasik B)
SKAN (Klasik)
SKAN (Super Klasik B)

Standard BSN loan package “Executive-1” which is exclusive personal loan package catered especially for executives

Repayment mode of payment via:

1. Standing Instruction from other Financial Institutions where the customer salary account is credited.

2. BSN Standing Instruction

3. ATM/CDM

4. IBG

Financing Duration is normally between two (2) and ten (10) years depending on the loan amount and agreed terms.

Background of BSN

BSN was incorporated on 1 December 1974 under the Ministry of Finance at that time, Tengku Razaleigh Hamzah.

BSN’s mission is to encourage savings, investments and smart financial management among Malaysians to increase their quality of life. BSN has more than 5,100 employees, 382 branches and 621 automatic teller machine (ATM) nationwide. BSN has more than 7 million customers spread throughout the length and breadth of the country and with savings of more than RM 8 billion.

Pinjaman Peribadi Bank Rakyat

Bank Rakyat Personal Financing

Document required for financing application

New Application

1. Copy of Identity Card / Authority Card (Police / Army)

2. Latest 3 months’ salary slip

3. Latest employer’s confirmation letter

4. Latest three (3) months Bank Statements of salary crediting account

Repeated/Overlap Applicationl

1. Copy of Identity Card

2. Latest 3 months’ salary slip

Personal Financing-iAslah for Civil Servant (RakanPintar)

Specialty of Personal Financing-iAslah for Civil Servant (RakanPintar) is a unique product that is designed specifically for public servants in which it offers a lower profit rate with the following benefits:

Special ATM Card (RakanPintar)
RM0.50 cash back on transaction charges for MEPS and Tabung Haji at ATM

Features of Personal Financing-iAslah

Amount of financing up to RM200,000
Financing tenure up to 10 years
Financing margin up to 35 times your monthly gross salary
No guarantor
Takaful coverage are optional
No advance payment

Personal Financing-iAslah for Private

Amount of financing up to RM150,000
Financing tenure up to 10 years
Financing margin up to 10 times your monthly gross salary (Salary RM2,000 – RM3,000) and 15 times your monthly gross salary (Salary RM3,001 and above)
No guarantor
Takaful coverage are optional
No advance payment

Negotiation rate offered to employees of companies or cooperatives with certain conditions stated by Bank

Eligibilityfor Personal Financing-iAslah

Malaysian citizen
Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
Minimum fixed monthly income of RM1,000 including fixed allowances
Public sector employee
Have been confirm in current service

Payment Methodfor Personal Financing-iAslah

Saving/Current Account Deduction (Salary transfer to Bank Rakyat)
Documents Required

History of Bank Rakyat

Bank Rakyat is an Islamic cooperative bank which was established on 28 September 1954 under the Cooperative Ordinance of 1948, following the growth of the cooperative movement in Peninsular Malaysia. Previously known as Bank Agong or Apex Bank, this financial institution was the result of a merger with 11 union banks. It was then established as a primary channel to collect funds, and distribute financing to cooperatives. Renamed Bank Kerjasama Malaysia Berhad in 1967, the Bank has since extended its membership to individuals as well.

Bank Rakyat offer many financial services including Personal Financing, if you are looking for personal financing here is some financial packages you can consider.Currently for personal loans Bank Rakyat offer Personal Financing-iAslah for Civil Servant (RakanPintar) & Private.

source:

http://www.personal-loan.my/bank-rakyat-personal-loan-swasta/104/

Pinjaman Peribadi CIMB

CIMB Financing

CIMB Group is the largest Asia Pacific based investment bank and one of the world’s largest Islamic banks.

Benefits of using CIMB Personal Financing:

Withdraw additional funds conveniently from your current account without liquidating investment products
Service the monthly interest and settle the principal as and when you wish
Interest is calculated on a daily rest basis, meaning the more you pay up on your principal, the lower the interest charges
A hassle free personal loan to fulfill your dream. No Collaterals, no guarantor and flexible repayment tenure up to 5 years

Features:

24 hour approval and fast disbursement
No security deposit
No guarantor needed for financing RM5,000 and below
Takaful / Insurance coverage
Minimum financing amount of RM3,000 up to 50,000
Long payment up to 5 years
Make your monthly installment payments through automatic payments via standing instruction

Eligibility:

Single name application
Age 21-60 years old
Minimum monthly income of RM800 gross
Employment / business for more than 6 months
Malaysian citizen or Permanent Resident

Salaried Applicant:

Mykad (both side)
Latest 3 months salary slip
EA form / EPF statement / Letter from employer

Self-Employed:

Mykad (both side)
Business Registration Certificate (Form D or Form 9,24,49 and M&A)
Last 3 months bank statement / BE form with income tax reciept / other supporting documents

Xpress Cash Financing-i

Is one of the fastest and the most flexible financing up to 5 times your gross income for financing.

Pembiayaan Peribadi SektorAwam-i

Special financing package tailored only for government servant and government link companies.

Profit rate:

Effective 1 Dec 2013, the revised rates are as below:
5.55% p.a flat rate (applies to income earner of RM1,500-2,999.99)
5.25% p.a flat rate (applies to income earner of RM3,000 and above)
- Minimum financing amount of RM1,000 up to RM200,000
- Financing tenure up to 10 years
- Installment payments via salary deductions through Biro Angkasa

Individual applicant only aged between 18 and 59 years upon application (Subject to retirement age at 60 years).

CIMB Islamic Ar-Rahnu

Financing based on Shariahprinciples which are fast, easy and less risky. The following items are required for CIMB Islamic Ar-Rahnu application:

Photocopy of My Kad/Passport
CIMB Islamic/CIMB Current Account/Current Account-i or Saving Account/Saving Account-i
Purchasing receipt of Gold Jewellery (best effort basis)
Aged between 21 to 70 years old

Please take note than Custodian Fee RM0.65 for every RM100 Gold value per month & Stamp Duty of RM 10 Stamping fee.

Pinjaman Peribadi Bank Islam

Bank Islam Personal Financing-i Facility

Any Malaysian regardless or religion can open an account, invest and apply for banking facilities from Bank Islam. Bank Islam offers Personal Financing-I subject to a minimum of RM5,000.

Benefits customers will enjoy:

Competitive rate
No commitment fee
No hidden charges
No guarantor is required
No processing fee
Flexible financing tenure
Selling price – fixed and known
Fast approval

Customer Eligibility for Personal Financing-I

Applicant must be 18 years and up to retirement age or 70 years old (last entry age at 65 years old)
Malaysian citizen
Earning a minimum fixed income of RM1,500.00 per month
Salary earner or sole proprietorship/partnership
For sole proprietorship/partnership – minimum 2 years in business
Total deduction must not exceed 50% of gross salary or 75% inclusive of home financing

Margin of Financing:

Up to 100% if secured against fixed deposit
Up to 80% if secured against structured investment
Up to 60% if secured against unit trust

Payment Period for Personal Financing-I is secured against fixed deposit or structured investment:

Maximum of 5 years (60 months) with no age limit
Secured against unit trust
Maximum of 5 years (60 months) or up to the retirement age or up to 70 years old, whichever is earlier

Document needed for Salary Earner:

Photocopy of Identity Card
Latest payslip
Latest letter of confirmation from employer (salary earner)
Certificate of registration with Malaysian Medical Council or Malaysian Dental Council
And at least one (1) of these:
Latest income statement (Form B/eBE/ EA/EC); or
Latest 3 months Bank Statements of salary crediting account; or
Any other latest supporting document such as EPF statement, if required

Document needed for Sole Proprietor/Partnership:

Photocopy of identity card
Business Registration
Last 6 months current account statement
Latest Annual income statement (BE/B Form) with payment receipt
Last 2 years financial statement
Certificate of registration with Malaysian Medical Council or Malaysian Dental Council

Customers will be given the option in selecting the payment method to suit their payment style:

Salary Deduction
Salary Transfer to Bank Islam with Auto-debit Instruction
Auto-debit Instruction from other Banks (from salary credited account)

For Sole Proprietorship or Partnership:

Auto-debit Instruction from Bank Islam or other Banks (from salary credited/business account)
Standing instruction from current account linked to the Personal Cash Line-i

Just for the record, Bank Islam Malaysia Berhadis an Islamic bank that has been in operation since July 1983. The bank currently provides Shariah-compliant card services and mobile banking, in addition to traditional banking.

http://www.personal-loan.my/bank-islam-personal-financing-i/95/

How to qualify for Personal Loans in Malaysia

Personal Loan

Personal loan is a popular and growing product in Malaysia. As Malaysians house hold debts grow higher , government and central bank start to tighten the criteria for loans in Malaysia. Personal Loan products took a heavy hit when Malaysian Central Bank announced that personal loan would be capped at a maximum 10 years repayment period on 2013.
Personal loan is typically unsecured in Malaysia. This means that there are no collateral and guarantor is needed. This may sound less intimidating however bank will stringent when processing loan applications as there are no security to hold on to. Being unsecured, Bank will incur greater risk therefore the interest such for loans would be higher .

Basic Eligiblity
A borrower will have to be anywhere between 21 years old to 60 years old at the end of financing tenure when applying for a personal loan. A solid few years employment would be added advantage. Typically, a minimum RM 2,000 monthly salary is required from banks while the higher income would definitely helps.
Documents needed

Typically, You will need a copy of your Identity Card front and back , latest 3 months salary slip , confirmation of employment , bank statement where your salary is credited and most recent income tax return form.
CCRIS & CTOS Credit Score

Credit score plays a very important part when bank assesses personal loan applicants. For a start, an applicant will need to have 2 years credit records. So a borrower will have to start using his or her credit cards or other loans for at least 2 years before applying for personal loans. No records means that bank will have nothing to assess to which is not good. Any late payment for 2 months will be a red flag and the application will be rejected. As CCRIS data is only kept for 2 years, you will have to maintain good record for 2 years to apply for a personal loan again.

Personal loan