Agrobank Personal Loan

Don’t miss out on the chance to cultivate your financial growth with Agrobank Malaysia’s best personal loan. Apply now and access tailored financing solutions designed to nurture your financial well-being. Whether it’s for agricultural ventures or personal needs, seize the opportunity to grow your finances with Agrobank Malaysia today!

History

Establishment and Transformation

Established in 1969, Agrobank has played a vital role in the development of Malaysia’s agriculture sector. Since July 1, 2015, it has become a fully-fledged Islamic bank, offering Shariah-compliant products and solutions to various customer segments including corporate, commercial, consumer, trade finance, and micro-financing.

Development and Commercial Roles

As a Market-Driven, Customer-Centric Development Financial Institution (DFI), Agrobank focuses primarily on strengthening the agriculture sector in Malaysia. It strikes an equal balance between developmental and commercial roles to benefit the agriculture sector.

Comprehensive Financing Solutions

From Upstream to Downstream

Agrobank provides a wide range of financing solutions for the agriculture community, covering upstream activities related to primary food and commodities-based agriculture activities, to downstream activities such as processing, marketing, and distribution of agricultural products. It also offers retail banking financing solutions to enhance the well-being of the agriculture community.

Customer Service Network

This is achieved through its network of 192 customer touchpoints including 138 branches, 1 agro banking, 1 virtual banking, 10 commercial financing centers, 34 kiosks, 8 agro corners, and agro points. In 2019, Agrobank celebrates its Golden Jubilee Anniversary, marking 50 years of its proud establishment in developing the agro industry.

VBI Initiative: Shaping a Sustainable Future

• VBI or Value-Based Intermediation is an initiative by Bank Negara Malaysia (BNM) which aims to improve the products and services offered by Islamic financial institutions towards better facilitation of entrepreneurship, community well-being, sustainable environment, and economic growth, without compromising on shareholders’ returns.

Consumer Product & Services

Hartani-i (Tawarruq)

Hartani-i serves as a financing solution for Government Servants, Private Sector Employees, and Stable Income Earners seeking to acquire agricultural land. This facility facilitates the purchase of land directly from vendors, through public auctions, or from land auctioned by Bank Pertanian Malaysia Berhad. Agrobank considers financing only if the land possesses an individual title, has been sub-divided, or is awaiting the issuance of an individual title.

Ar-Rahnu

Ar-Rahnu offers a short-term Islamic Pawnbroking Facility, enabling customers to access instant cash by leveraging gold items as collateral. This flexible solution provides individuals with a quick and convenient method to secure financing while retaining ownership of their valuable assets.

AgroCash-i

AgroCash-i is a personal financing facility designed to meet consumer financing needs primarily related to agriculture and agro-based activities. Utilizing Tawarruq transactions, this product empowers customers to access funds for various purposes, enhancing their financial flexibility and supporting their agricultural endeavors.

Personal Loan for Government Staff

Accessible Financing for Government Employees

Discover Agrobank’s tailored personal loan solution designed to meet the diverse financial needs of government staff. With competitive interest rates, eligible applicants aged between 18 to 60, or up to retirement age, can benefit. Whether confirmed or under probation, applicants must have a minimum gross salary of RM1,000 per month. Enjoy flexible financing options of up to RM200,000, with a maximum tenure of 10 years, ensuring financial empowerment and security. Consider opting for Skim Takaful Kredit for additional peace of mind.

GLC Staff Personal Loan

At Agrobank, we recognize the significance of financial empowerment for GLC (Government-Linked Company) staff. Our GLC Staff Personal Loan BR + 3.67% /p.a offers a tailored solution to address your financial needs with ease and convenience.

Apply Today

Take the first step towards realizing your financial aspirations with Agrobank. Our streamlined application process ensures quick approval, enabling you to access the funds you need without delay. Contact us today to learn more about our competitive interest rates, flexible repayment terms, and personalized financial solutions tailored to meet your needs.

AgroBank Cash-i Facility

Looking for the perfect personal loan solution? Look no further than AgroBank Cash-i personal loan. Tailored for Government Employees and GLC staff, this Shariah-compliant financing option offers a generous financing limit of up to RM200,000. Whether you’re consolidating debts or funding a home renovation project, AgroBank has you covered. Apply now and take control of your financial future!

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 Cash-i

AgroBank Cash-i personal loan is a Shariah-compliant financing facility that 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.

Financing Options and Payment Periods

AgroBank Cash-i personal loan offers various financing options and flexible payment periods tailored to meet the diverse financial needs of customers:

• Financing Quantum: Ranging from a minimum of RM10,000 to a maximum of RM200,000, providing customers with access to substantial funds.
• Payment Period: Extending up to 10 years (120 months) or until the borrower reaches retirement age, whichever comes earlier, offering flexibility in repayment.

Profit Rates and Additional Features

• Profit Rates: Subject to eligibility and current market conditions, with rates ranging from BR + 2.85% p.a to BR + 3.67% p.a for eligible applicants. Customers with unsatisfactory credit assessments may incur higher profit rates.
• Ceiling Profit Rate (CPR) and Effective Profit Rate (EPR): Capped at BR + 7.15% p.a or 10% p.a, ensuring transparency and adherence to Shariah principles.

By understanding the eligibility criteria, financing options, and profit rates associated with AgroBank Cash-i personal loan, customers can make informed decisions and access the financial support they need for their agricultural endeavors.

Fees and Charges

Stamp Duty

Stamp Duty is levied in accordance with the Stamp Act 1949 (Revised 1989). This statutory requirement ensures compliance with legal obligations and regulations pertaining to financial transactions.

Advanced Installment

AgroBank offers the option for advance payment of installments, providing customers with the opportunity to settle three (3) months’ worth of installments in advance. These advanced payments serve as a buffer against default, contributing to the smooth management of the financing arrangement.

• The amount equivalent to three (3) month installments is deducted from the financing amount.
• Advance installments are deducted before the financing is matured or settled, enhancing financial planning and management.

Brokerage Fee

A brokerage fee of RM 30 per transaction is applicable, subject to Service Tax at a rate of 6% if applicable. This fee covers administrative costs associated with facilitating transactions and ensuring efficient service delivery to customers.

Note: AgroBank is committed to transparency and customer satisfaction. Any changes to fees and charges will be communicated to customers at least 21 days before the effective date, ensuring clarity and informed decision-making.

Contact Agrobank

Agrobank Malaysia My office
Leboh Pasar Besar, City Centre,
50050 Kuala Lumpur

Telephone: 603-2731 1600 +6 03 2079 0600 (INTL)
Contact Centre: 1-300-88-2476