Bank Islam

Explore Bank Islam’s personal loan options designed to empower you on your financial journey. With flexible terms and competitive rates, our personal loans offer the support you need to achieve your goals and dreams. Whether it’s for education, home improvements, or unexpected expenses, Bank Islam is here to help you make it happen. Find out how you can secure your future with confidence today.

Bank Islam Malaysia Berhad (BIMB) pioneers Islamic banking in Malaysia, boasting the widest network of dedicated Islamic banking channels. Explore BIMB’s personal loan offerings and experience financial solutions tailored to your needs

Pioneering Islamic Banking in Malaysia

A Trailblazer in Malaysia’s Financial Landscape

Established on July 1, 1983, Bank Islam stands as Malaysia’s premier Islamic bank, pioneering Shariah-compliant financial solutions in the region. With an expansive network of over 144 branches nationwide, Bank Islam has been at the forefront of providing banking services grounded in Islamic principles.

A Legacy of Over Three Decades

Bank Islam: Spearheading Islamic Finance Since 1983

For more than 35 years, Bank Islam has been dedicated to offering innovative financial products and services. As the first Islamic bank in Malaysia, its establishment marked a significant milestone in the development of Islamic banking not only within Malaysia but also across the ASEAN region.

Empowering Professionals with Personal Financing

Empowering Malaysia’s Professionals

Bank Islam offers a unique financing program tailored to professionals across various sectors. Designed to meet the diverse financial needs of individuals, this program provides accessible financing solutions for professionals such as medical doctors, dentists, accountants, engineers, lecturers, architects, safety officers, pharmacists, veterinarians, optometrists or opticians, quantity surveyors, and actuaries.

Eligibility and Requirements

Unlocking Financial Opportunities

To qualify for Bank Islam’s Personal Financing for Professionals Program, applicants must meet specific eligibility criteria:

1. Age Requirement: Applicants must be above 25 years old and not exceed the retirement age at the end of the payment period.
2. Citizenship: Malaysian citizenship is a prerequisite for eligibility.
3. Professional Status: Applicants must be employed as professionals in designated fields, including medical, accounting, engineering, education, architecture, occupational health and safety, pharmaceuticals, veterinary medicine, optometry, quantity surveying, and actuarial science.
4. Stable Income: As fixed-income earners, applicants should have a minimum gross income of RM3,500.

Personal Financing Options

Understanding Bank Islam’s Personal Financing-i Non-Package

Empowering Individuals with Flexible Financing Solutions: Bank Islam’s Personal Financing-i Non-Package provides individuals with a versatile financing solution designed to meet their diverse financial needs.

Eligibility Criteria for Personal Financing-i Non-Package

Navigating the Requirements for Accessible Funding: To qualify for this financing solution, applicants must meet specific eligibility criteria outlined by Bank Islam:

1. Age Requirement: Applicants must be at least 18 years old and not exceed the retirement age at the end of the payment period.
2. Citizenship: Malaysian citizenship is a prerequisite for eligibility.
3. Minimum Income: Applicants must have a minimum fixed income of RM3,500 per month.
4. Employment Status: Applicants must be employed and maintain continuous employment in any of the following sectors, as categorized by Bank Islam:
   • Public Listed Companies

Exploring Bank Islam’s Personal Financing-i Package

Customized Financing Solutions for Specific Sectors: Bank Islam’s Personal Financing-i Package caters to individuals employed in specific sectors, offering tailored financing solutions with competitive terms.

Eligibility Criteria for Personal Financing-i Package

Navigating the Requirements for Sector-Specific Financing: To qualify for this financing option, applicants must fulfill the following eligibility criteria established by Bank Islam:

1. Age Requirement: Applicants must be at least 18 years old and not exceed the retirement age at the end of the payment period.
2. Citizenship: Malaysian citizenship is mandatory.
3. Minimum Income: Applicants must have a minimum fixed income of RM2,000 per month.
4. Employment Status: Applicants must maintain continuous employment in any of the following sectors, as specified by Bank Islam:
   • Government Sector
   • Selected Public Listed Companies
   • Subsidiaries of Government or Selected Public Listed Company
   • Other Prominent Private Limited Companies as categorized under package companies listed by Bank Islam

Bank Islam Profit Rate

Professional Program

Introduction

Bank Islam offers the Personal Financing for Professional Program, providing individuals with financial assistance tailored to their needs.

Financing Details

Base Rate (BR) + 1.90%/p.a

• Financing Quantum: The financing amount is determined based on eligibility criteria, ranging from a minimum of RM10,000 to a maximum of RM300,000.
• Payment Period: Borrowers can opt for a repayment period of up to 10 years (120 months) or until reaching the retirement age, whichever comes first.

Financing Rates

Offer with Takaful Coverage

• Floating Rate:
  • 1-3 years: Base Rate (BR) + 1.90% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • 4-10 years: Base Rate (BR) + 2.11% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • Note: The revised Base Rate (BR) effective from 10 July 2020 is 2.52% p.a.

Offer Without Takaful Coverage

• Floating Rate:
  • 1-3 years: Base Rate (BR) + 3.38% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • 4-10 years: Base Rate (BR) + 5.28% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • Note: The revised Base Rate (BR) effective from 10 July 2020 is 2.52% p.a.

Non-Package Financing Details

4.5% /p.a. (Flat)

• Financing Quantum: Eligible individuals can obtain financing ranging from RM10,000 to RM150,000.
• Payment Period: Borrowers have the flexibility to repay the loan within a maximum period of 120 months (10 years) or until retirement.

Financing Rates

Offer with Takaful Coverage

• Flat Rate:
  • 1 – 3 years: 4.5% p.a. (Flat). (Profit is calculated on a monthly basis using “Sum of Digit”).
  • 4 – 8 years: 4.9% p.a. (Flat). (Profit is calculated on a monthly basis using “Sum of Digit”).
  • 9 – 10 years: 5.50% p.a. (Flat). (Profit is calculated on a monthly basis using “Sum of Digit”).

Offer Without Takaful Coverage

• Flat Rate:
  • 1 – 3 years: 5.5% p.a. (Flat). (Profit is calculated on a monthly basis using “Sum of Digit”).
  • 4 – 8 years: 5.9% p.a. (Flat). (Profit is calculated on a monthly basis using “Sum of Digit”).
  • 9 – 10 years: 6.5% p.a. (Flat). (Profit is calculated on a monthly basis using “Sum of Digit”).

Bank Islam Personal Financing-i Package

Financing Details

Base Rate (BR) + 3.38% /p.a

• Financing Quantum: Individuals can obtain financing within the range of RM10,000 to RM300,000 based on eligibility.
• Payment Period: The repayment period extends up to 10 years (120 months) or until reaching the retirement age, whichever is earlier.

Financing Rates

Offer with Takaful Coverage

• Floating Rate (Base Rate [BR]):
  • 1-3 years: Base Rate (BR) + 1.90% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • 4-10 years: Base Rate (BR) + 2.00% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • Note: The revised Base Rate (BR) effective from 10 July 2020 is 2.52% p.a.

Offer Without Takaful Coverage

• Floating Rate (Base Rate [BR]):
  • 1-3 years: Base Rate (BR) + 3.38% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • 4-10 years: Base Rate (BR) + 5.28% p.a. (Profit is calculated on a daily basis using “Monthly Rest”).
  • Note: The revised Base Rate (BR) effective from 10 July 2020 is 2.52% p.a.

Flat Rate Offer

• With Takaful Coverage:
  • 1-10 years: 4.99% p.a. (Profit is calculated on a monthly basis using “Sum of Digit”).
• Without Takaful Coverage:
  • 1-10 years: 5.99% p.a. (Profit is calculated on a monthly basis using “Sum of Digit”).

Syariah Compliant Personal Financing

Bank Islam Malaysia Berhad stands as a beacon of ethical and transparent banking practices, offering Syariah-compliant personal financing solutions to cater to the diverse needs of individuals. With a commitment to providing competitive interest rates and Islamic loans, Bank Islam is the ideal choice for those seeking financial peace of mind.

Catering to All Individuals and Professionals

Bank Islam’s personal financing options are tailored to cater to individuals from all walks of life, including professionals in various fields. Whether you’re a working professional, entrepreneur, or self-employed individual, Bank Islam’s financing solutions are designed to meet your unique financial needs with ease and convenience.

Competitive and Peaceful Financing Solutions

Experience the peace of mind that comes with Bank Islam’s Syariah-compliant financing options. With competitive monthly installments and transparent terms, you can rest assured that your financial interests are protected while achieving your goals. In addition to personal loans, Bank Islam also offers a range of other services, including credit cards, housing loans, and home financing-I, ensuring that all your financial needs are met under one roof.

Personal Loan Options

Bank Islam Malaysia Berhad offers a diverse range of personal financing solutions tailored to meet your financial needs. Whether you’re looking for flexibility, security, or prefer a promotional rate, Bank Islam has the right option for you.

Cash Line-i

The Cash Line-i financing facility from Bank Islam Malaysia Berhad provides customers with flexible options to meet their financial needs. With various financing packages available, including secured and non-package options, BIMB ensures that individuals can access the funds they require with ease.

Secured Cash Line-i

• Financing Quantum: Subject to a minimum of RM10,000.
• Margin of Financing: Up to 100% if secured against fixed deposit, up to 80% if secured against structured investment, and up to 60% if secured against unit trust.
• Payment Period: Maximum of 5 years (60 months) with no age limit for fixed deposit or structured investment. For unit trust, up to 5 years (60 months) or up to the retirement age or 70 years old, whichever is earlier.

Fixed Deposit, Structured Investment or Unit Trust

• Financing Quantum: Subject to a minimum of RM5,000.
• Margin of Financing: Similar to the secured option.
• Payment Period: Mirrors the secured option.

Personal Financing-i Non-Package

• Financing Quantum: Based on eligibility, ranging from RM10,000 to RM150,000.
• Guarantor Requirement: No guarantor required for financing RM30,000 and below. One guarantor needed for amounts exceeding RM30,000.
• Payment Period: Maximum of 120 months (10 years) or up to the retirement age.

Personal Financing-i Package

• Financing Quantum: Determined by eligibility, with amounts ranging from RM10,000 to RM300,000.
• Payment Period: Maximum of 10 years (120 months) or up to the retirement age.

Promotional Rate for Teachers and Nurses

For a limited time, Bank Islam Malaysia Berhad offers a promotional rate for teachers and nurses. Don’t miss this exclusive opportunity to secure financing with special terms and conditions.

Personal Financing-i Programme for Medical Practitioner

Bank Islam Malaysia Berhad (BIMB) introduces the Personal Financing-i Package tailored specifically for medical practitioners, offering a flexible and competitive financing solution to meet their unique financial needs.

Introduction:

The Personal Financing-i Package from BIMB provides customers with an attractive financing option, boasting competitive rates and flexible payment periods to cater to diverse financial requirements.

Financing Quantum and Payment Period Tenures:

• Financing amounts range from a minimum of RM10,000 to a maximum of RM300,000, subject to eligibility.
• Payment periods extend up to 10 years (120 months) or until the borrower reaches retirement age, whichever comes earlier.

Financing Rate Offer with Takaful Coverage:

Flat Rate:

• 1-3 years: 4.20% p.a.
• 4-10 years: 4.35% p.a.

Floating Rate (Base Rate [BR]):

• 1-3 years: BR + 2.38% p.a.
• 4-10 years: BR + 3.02% p.a.

(Revised BR effective date 10 May 2019: 3.77% p.a.)

Financing Rate Offer Without Takaful Coverage:

Flat Rate:

• 5.99% p.a. for 1-10 years.

Floating Rate (Base Rate [BR]):

• 1-3 years: BR + 3.38% p.a.
• 4-10 years: BR + 5.28% p.a.

(Revised BR effective date 10 May 2019: 3.77% p.a.)

Eligibility & Requirements:

Eligibility (Salary Earner):

• Malaysian citizen aged 25 to retirement age.
• Minimum gross income of RM2,000 per month.
• Minimum tenure in service: 6 months for permanent staff and 2 years for contract staff (Government only).

Eligibility (Sole Proprietorship or Partnership):

• Malaysian citizen aged 25 to retirement age (maximum entry age is 65 years).
• Minimum gross monthly income of RM2,000.
• Minimum of 2 years in business.

Documents Required:

• For salary earner applicant: Identity card, latest pay slip, confirmation letter from employer, and additional income verification documents.
• For Sole Proprietorship or Partnership: Identity card.

Fees & Charges:

• RM50.00 agent fee for commodity sale transactions.

Repayment Table

Personal Loan Bank Islam Repayment Table :pinjaman-peribadi-bank-islam-repayment-table

Contact Bank Islam Malaysia Berhad

Bank Islam Malaysia Berhad
Level 32, Menara Bank Islam
No. 22, Jalan Perak
50450 Kuala Lumpur

General Line: +603 2088 8000
Contact Centre: +603 26 900 900
Email: contactcenter@bankislam.com.my