AgroBank Malaysia Berhad

Discover the best personal loan option with AgroBank Cash-i personal loan. Enjoy a financing limit of up to RM200,000, available exclusively to Government Employees and GLC staff. Apply now for your financial needs!

Agrobank Personal Loan

AgroBank Personal Loan Summary

  • Bank Name: Agrobank
  • Abbreviation / Code Name: –
  • Bank Koperasi Promotion Name: General Info about personal financing with bank

About AgroBank Personal Loan

AgroBank Cash-i facility caters to consumer financing needs, particularly in agriculture and agro-based activities. Utilizing Tawarruq transactions, AgroBank Cash-i Personal Loan ensures efficient implementation, providing customers with access to funds for various agricultural ventures and related expenses. This Shariah-compliant financing solution aligns with the principles of Islamic banking, offering customers a reliable and ethical means to support their agricultural endeavors and contribute to the growth of the agricultural sector.

AgroBank Personal Loan Eligibility Criteria

Age RequirementGovernment Employees
Age between 18 to 60 or up to retirement age whichever is earlier

GLC Staff
Age between 21 to 60 or up to retirement age whichever is earlier

EligibilityGovernment Employees
Permanent and have served for at least 6 months (confirmed or under probation)

GLC Staff
Permanent staff and has been confirmed with at least one year of service

Min. Salary RequirementGovernment Employees
RM1,000 gross salary per month

GLC Staff
RM2,000 gross salary per month

Takaful CoverageCustomer is encouraged to take Skim Takaful Kredit

AgroBank Cash-i Product Details

AgroBank Cash-i Personal Loan Criteria

AgroBank Cash-i personal loan offers a range of criteria designed to meet the diverse financial needs of individuals, particularly Government Employees and GLC Staff. Understanding the eligibility requirements and profit rates is essential for potential borrowers to make informed decisions about their financial commitments.

Financing Limit

AgroBank Cash-i personal loan extends a maximum financing limit of RM200,000 for both Government Employees and GLC Staff. This generous limit allows borrowers to access substantial funds to address various financial requirements, from consolidating debts to funding home renovations or pursuing higher education.

Financing Tenure

Borrowers can benefit from flexible financing tenure options, with a maximum tenure of up to 10 years. This extended repayment period provides borrowers with the flexibility to choose a repayment schedule that aligns with their financial capabilities and goals, ensuring manageable monthly installments.

Profit Rates

The profit rates for AgroBank Cash-i personal loan are subject to eligibility and current market conditions. For Federal Government employees, the profit rate ranges from BR + 2.85% p.a for tenures up to 3 years to BR + 3.35% p.a for tenures between 4 to 10 years. Similarly, State Government, Statutory Body, and Government Link Company employees can benefit from competitive profit rates ranging from BR + 3.22% p.a to BR + 3.67% p.a.

For applicants with unsatisfactory credit assessments, the profit rate increases to BR + 4.25% p.a for tenures up to 10 years. However, the actual profit rate charged is contingent upon various factors, including the applicant’s creditworthiness, employment status, and financial history. Applicants must meet certain criteria, such as having a good credit record, salary deduction through BPA, and no history of Rescheduling and Restructuring (R&R) or Special Attention Account (SAA) status.

Ceiling Profit Rate (CPR) and Effective Profit Rate (EPR)

The Ceiling Profit Rate (CPR) serves as the maximum profit rate, capped at BR + 7.15% p.a or 10% p.a, whichever is higher. Meanwhile, the Effective Profit Rate (EPR) is calculated based on the current profit rate, ensuring it does not exceed the CPR and is determined based on the monthly balance of the loan.

Understanding these criteria enables potential borrowers to make informed decisions when applying for AgroBank Cash-i personal loan. By assessing their eligibility and considering the associated profit rates, borrowers can secure a financing solution that best suits their financial needs and circumstances.

AgroBank Personal Loan Fee & Charges

Stamp Duty As per the Stamp Act 1949 (Revised 1989).

Advanced Installment

  • Advance payment of installments equivalent to three (3) month installment which shall be used as payment of default under the financing.
  • Advance installments shall be deducted from the financing amount.
  • Advance payment can only be taken prior to financing is matured or settled.
  • Brokerage Fee RM 30 per transaction (Subject to Service Tax at rate of 6% (if applicable)

Note: The Bank will notify the Customer at least 21 days before effective date should any changes is made to the fees and charges.

Article Related to Personal Financing from Banks


Hashtag / Keywords

#personalloan #Bank #AgroBank

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AgroBank Personal Loan Reviews

Customer Reviews about AgroBank Personal Loan

AgroBank Cash-i personal loan stands out as the ultimate choice for those seeking financial assistance. With an impressive financing limit of up to RM200,000, it offers ample support for various needs. Exclusive access for Government Employees and GLC staff adds a layer of trust and reliability to this offering. Applying for this loan is a breeze, ensuring a seamless experience for borrowers. The competitive terms and favorable interest rates make it an attractive option in the market.

Apply now and unlock the financial freedom you deserve with AgroBank Cash-i personal loan. Whether it's for unexpected expenses, home renovations, or fulfilling personal dreams, this loan has got you covered. Don't miss out on this opportunity to secure the funds you need with ease and convenience. Trust AgroBank to be your reliable financial partner on your journey towards achieving your financial goals.

Mohd Azwan

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