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Unlock Your Financial Freedom with MBSB Bank Personal Loan
Discover the ease and flexibility of MBSB Bank personal loan, offering swift approvals and adaptable repayment plans tailored to your needs. Achieve your financial goals with confidence and convenience.”
MBSB Bank: Personal Loan Summary
- Bank Name: MBSB Bank
- Abbreviation / Code Name: MBSB
- Category: #ConsumerLoan #personalloan #Bank #MBSB
- Bank Promotion Name: General info about
- Personal Loan Promotion Period: ~ call for confirmation ~
- Open to: All
- Max Loan Amount: RM400,000
Malaysia Building Society Berhad: A Financial Holding Powerhouse
Introduction
Malaysia Building Society Berhad (MBSB) stands as the financial holding company of MBSB Bank Berhad, previously known as Asian Finance Bank Berhad. To explore the array of financial products and services provided by MBSB Bank, visit their website at www.mbsbbank.com.
History in Brief
The roots of Malaysia Building Society Berhad trace back to the Federal and Colonial Building Society Limited, founded in 1950. Renamed as Malaya Borneo Building Society Limited (MBBS) in 1956, with the Malaysian government as a major shareholder, MBBS was listed on the Stock Exchange of Malaya and Singapore in August 1963.
Incorporated in Malaysia under the Companies Act 1965 on 17 March 1970, MBSB was subsequently listed on the Kuala Lumpur Stock Exchange, now Bursa Malaysia, on 14 March 1972. Presently, the Employees Provident Fund (EPF) holds the majority stake in MBSB.
Corporate Highlights
- Regulatory Compliance: MBSB has been granted an exemption under Section 7(4) of the Borrowing Companies Act 1969 (BCA). Following the transition from BCA to Finance Companies Act (FCA), all references to borrowing business and borrowing company were construed respectively as finance business and finance company. The FCA was later replaced by the Banking and Financial Institutions Act 1989 (BAFIA), which in turn was repealed and replaced with FSA 2013.
- Strategic Acquisition: On 6 November 2017, MBSB entered into a Share Purchase Agreement with the shareholders of Asian Finance Bank Berhad (“AFB/Vendors”) for the acquisition of the entire equity interest in AFB. The acquisition, valued at RM644,952,807.66, was satisfied by a cash amounting to RM396,894,036.26 and the issuance of 225,507,974 Consideration Shares at an issue price of RM1.10 per Consideration Share.
- Approval and Integration: Shareholders approved the Acquisition on 23 January 2018, including the transfer of Shariah Compliant Assets and Liabilities of MBSB to AFB via a Members’ Scheme of Arrangement. Following the completion of the transfer of shares and the payment of the balance of the purchase consideration to the Vendors, AFB became a wholly owned subsidiary of MBSB on 7 February 2018. AFB underwent a rebranding exercise on 2 April 2018 and changed its name to MBSB Bank Berhad
MBSB Personal Financing-i: Tailored Solutions for Your Financial Needs
Introduction
Discover the convenience and flexibility of MBSB’s Shariah-compliant personal financing solutions. Whether you’re looking to fund a major purchase, consolidate debt, or cover unexpected expenses, our range of attractive packages is designed to meet your unique financial requirements.
Competitive Financing Rates
At MBSB, we understand the importance of affordability. That’s why we offer competitive financing rates to ensure that our customers can access the funds they need without breaking the bank. With financing amounts of up to RM400,000 and flexible repayment tenures of up to 10 years, you can choose a plan that suits your budget and lifestyle. Plus, with no guarantor required and no hidden charges, you can rest assured that you’re getting transparent and straightforward financing solutions.
Fast Approval Process
We know that time is of the essence when it comes to financial matters. That’s why our fast approval process ensures that you can access the funds you need when you need them. Whether you’re a public servant or a private sector employee, our financing options are designed to provide you with quick and hassle-free approval, so you can focus on what matters most.
Financing Options for Public Sector Employees
For public sector employees, we offer the Mumtaz-i and Afdhal-i financing options, each tailored to meet your specific needs. With competitive interest rates and flexible terms, you can choose the option that best fits your financial situation. Plus, with optional Takaful coverage and no early settlement charges, you can enjoy added peace of mind knowing that you’re protected against the unexpected.
Financing Options for Private Sector Employees
If you’re a private sector employee, our financing options are equally designed to provide you with the support you need. With competitive interest rates and financing amounts of up to RM300,000, you can access the funds you need to achieve your financial goals. Plus, with optional Takaful coverage and no early settlement charges, you can enjoy added flexibility and security throughout the repayment process.
Conclusion
Whether you’re a public servant or a private sector employee, MBSB is committed to providing you with the financial solutions you need to achieve your goals. With competitive rates, flexible terms, and fast approval, we’re here to help you take control of your finances and build a brighter future. Visit our website today to learn more about our personal financing options and take the first step toward financial freedom.
Personal Loan Repayment Table
MBSB Personal Loan Repayment Table For Government Sector (Mumtaz-i)
Explore the MBSB personal loan repayment table for government sector (Mumtaz-i). With competitive interest rates and flexible terms, this financing option offers convenience and affordability for public servants. Repay your loan efficiently with our transparent repayment schedule, tailored to suit your financial needs. Enjoy peace of mind with optional Takaful coverage and no hidden charges. Experience hassle-free financing with MBSB.
Profit Rate (p.a.) as low as BR + 2.15% p.a.
| Mumtaz-i PF-i | |||||||||
| Tenures | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|
| RM50,000 | 2,190 | 1,495 | 1,154 | 946 | 808 | 710 | 636 | 579 | 533 |
| RM55,000 | 2,408 | 1,644 | 1,270 | 1,041 | 889 | 780 | 699 | 637 | 587 |
| RM60,000 | 2,627 | 1,793 | 1,385 | 1,136 | 970 | 851 | 763 | 694 | 640 |
| RM65,000 | 2,846 | 1,943 | 1,500 | 1,230 | 1,050 | 922 | 826 | 752 | 693 |
| RM70,000 | 3,065 | 2,092 | 1,616 | 1,325 | 1,131 | 993 | 890 | 810 | 746 |
| RM75,000 | 3,284 | 2,242 | 1,731 | 1,419 | 1,212 | 1,064 | 954 | 868 | 800 |
| RM80,000 | 3,503 | 2,391 | 1,846 | 1,514 | 1,293 | 1,135 | 1,017 | 926 | 853 |
| RM90,000 | 3,941 | 2,690 | 2,077 | 1,703 | 1,454 | 1,277 | 1,144 | 1,041 | 959 |
| RM100,000 | 4,379 | 2,989 | 2,308 | 1,892 | 1,616 | 1,419 | 1,271 | 1,157 | 1,066 |
| RM150,000 | 6,568 | 4,483 | 3,462 | 2,838 | 2,423 | 2,128 | 1,907 | 1,735 | 1,599 |
| RM200,000 | 8,757 | 5,997 | 4,615 | 3,784 | 3,231 | 2,837 | 2,542 | 2,314 | 2,132 |
| RM250,000 | 10,946 | 7,471 | 5,769 | 4,730 | 4,038 | 3,546 | 3,177 | 2,892 | 2,664 |
4.80% p.a (Effective Rate) / 2.52% p.a (Flat Rate equivalent for 3 years)
MBSB Personal Loan Repayment Table For Government Sector (Afdhal-i)
Profit Rate (p.a.) as low as BR + 3.35% p.a.
| Afdhal-i PF-i | |||||||||
| Tenures | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|
| RM50,000 | 2,217 | 1,522 | 1,182 | 974 | 836 | 738 | 665 | 608 | 563 |
| RM55,000 | 2,438 | 1,674 | 1,300 | 1,071 | 920 | 812 | 731 | 669 | 619 |
| RM60,000 | 2,660 | 1,826 | 1,418 | 1,169 | 1,003 | 886 | 798 | 730 | 676 |
| RM65,000 | 2,881 | 1,978 | 1,536 | 1,266 | 1,087 | 959 | 864 | 791 | 732 |
| RM70,000 | 3,103 | 2,130 | 1,654 | 1,364 | 1,171 | 1,033 | 931 | 851 | 788 |
| RM75,000 | 3,325 | 2,282 | 1,772 | 1,461 | 1,254 | 1,107 | 997 | 912 | 844 |
| RM80,000 | 3,546 | 2,434 | 1,890 | 1,558 | 1,338 | 1,181 | 1,064 | 973 | 901 |
| RM90,000 | 3,989 | 2,738 | 2,127 | 1,753 | 1,505 | 1,328 | 1,196 | 1,094 | 1,013 |
| RM100,000 | 4,433 | 3,043 | 2,363 | 1,948 | 1,672 | 1,476 | 1,329 | 1,216 | 1,126 |
| RM150,000 | 6,649 | 4,564 | 3,544 | 2,921 | 2,508 | 2,213 | 1,994 | 1,824 | 1,688 |
| RM200,000 | 8,865 | 6,085 | 4,725 | 3,895 | 3,343 | 2,951 | 2,658 | 2,431 | 2,251 |
| RM250,000 | 11,081 | 7,606 | 5,906 | 4,869 | 4,179 | 3,689 | 3,322 | 3,039 | 2,814 |
6.00% p.a (Effective Rate) / 3.17% p.a (Flat Rate equivalent for 3 years)
MBSB Personal Loan Repayment Table for Private Sector-i
Discover the MBSB personal loan repayment table for private sector-i. With flexible terms and competitive interest rates, this financing option ensures convenience and affordability for private sector employees. Easily manage your loan repayment with our transparent schedule, customized to meet your financial requirements. Opt for optional Takaful coverage for added peace of mind and enjoy a hassle-free financing experience with no hidden charges. Empower your financial journey with MBSB today.
Profit Rate (p.a.) as low as BR + 7.95% p.a.
| Private Sector PF-i | |||||||||
| Tenures | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|
| RM50,000 | 2,322 | 1,628 | 1,290 | 1,085 | 950 | 854 | 783 | 729 | 686 |
| RM55,000 | 2,554 | 1,791 | 1,419 | 1,194 | 1,045 | 939 | 861 | 802 | 755 |
| RM60,000 | 2,786 | 1,953 | 1,548 | 1,302 | 1,139 | 1,025 | 940 | 875 | 824 |
| RM65,000 | 3,018 | 2,116 | 1,677 | 1,411 | 1,234 | 1,110 | 1,018 | 948 | 892 |
| RM70,000 | 3,250 | 2,279 | 1,806 | 1,519 | 1,329 | 1,195 | 1,096 | 1,020 | 961 |
| RM80,000 | 3,714 | 2,604 | 2,064 | 1,736 | 1,519 | 1,366 | 1,253 | 1,166 | 1,098 |
| RM90,000 | 4,179 | 2,930 | 2,322 | 1,953 | 1,709 | 1,537 | 1,409 | 1,312 | 1,235 |
| RM100,000 | 4,643 | 3,255 | 2,580 | 2,170 | 1,899 | 1,707 | 1,566 | 1,458 | 1,372 |
| RM150,000 | 6,964 | 4,883 | 3,870 | 3,254 | 2,848 | 2,561 | 2,349 | 2,186 | 2,058 |
| RM200,000 | 9,285 | 6,510 | 5,160 | 4,339 | 3,797 | 3,414 | 3,131 | 2,915 | 2,744 |
| RM250,000 | 11,606 | 8,138 | 6,450 | 5,424 | 4,746 | 4,268 | 3,914 | 3,643 | 3,430 |
| RM300,000 | 13,927 | 9,765 | 7,740 | 6,508 | 5,695 | 5,121 | 4,697 | 4,372 | 4,116 |
10.60% p.a (Effective Rate) / 5.73% p.a (Flat Rate equivalent for 3 years)
Frequently Asked Questions (FAQ) about MBSB Bank
Curious about MBSB Bank? Explore our FAQ section for answers to common questions. Find out more about our services, policies, and how we can meet your needs. Dive into our FAQ to discover everything you need to know before getting started. Start exploring now!
Why do many people in Malaysia choose MBSB Bank?
Many people in Malaysia choose MBSB Bank for several reasons:
Islamic Banking: MBSB Bank operates based on Islamic principles, offering Shariah-compliant financial products and services that appeal to Muslim customers who seek banking solutions aligned with their beliefs.
Competitive Rates: MBSB Bank provides competitive rates for its financing and deposit products, attracting customers looking for favorable terms and rates.
Flexible Financing Options: MBSB Bank offers a variety of financing options, including personal financing, home financing, and vehicle financing, with flexible repayment terms tailored to meet the diverse needs of its customers.
Convenient Services: MBSB Bank provides convenient banking services, including online banking and mobile banking, allowing customers to access their accounts and perform transactions easily and securely from anywhere at any time.
Trusted Reputation: MBSB Bank has built a trusted reputation in Malaysia over the years, known for its reliability, integrity, and customer-centric approach to banking.
Community Engagement: MBSB Bank is actively involved in community engagement initiatives and corporate social responsibility programs, contributing to the well-being and development of society, which resonates with many Malaysians.
These factors contribute to MBSB Bank’s popularity and why many people in Malaysia choose it as their preferred banking partner.
What are the best products and services offered by MBSB Bank?
MBSB Bank offers a range of products and services tailored to meet the diverse needs of its customers. Some of the best offerings include:
Personal Financing: MBSB provides personal financing solutions with competitive rates, flexible repayment options, and fast approval processes.
Home Financing: With MBSB’s home financing options, customers can fulfill their dream of homeownership with competitive rates and flexible repayment terms.
Vehicle Financing: MBSB offers financing solutions for the purchase of new and used vehicles, with competitive rates and convenient repayment options.
Deposit Products: MBSB provides various deposit products, including savings accounts, fixed deposits, and current accounts, offering competitive interest rates and convenient banking services.
Takaful Services: MBSB offers Takaful coverage for personal and property protection, providing customers with peace of mind and financial security.
Online Banking: MBSB’s online banking platform allows customers to manage their accounts, pay bills, transfer funds, and access banking services conveniently from anywhere at any time.
These products and services reflect MBSB Bank’s commitment to providing innovative, customer-centric solutions to meet the financial needs of individuals and businesses.
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*Source: mbsbbank.com
Contact MBSB Bank
- Telephone: 03-2096 3000
- Fax: 03-2096 3292
- Wisma MBSB
48, Jalan Dungun,
Damansara Heights,
50490 Kuala Lumpur