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Personal Financing-i

  • Consumer Financing-i >
  • Personal Financing-i

PERSONAL FINANCING-I

personal financing-i
Apply Now
Calculator
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Cash you need for the things you want to do

HOW DOES IT BENEFIT YOU

HOW DOES IT BENEFIT YOU

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48-hour approval
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Low monthly instalments
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No guarantor or collateral required

HOW DOES IT WORK

HOW DOES IT WORK

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1. Check your eligibility
Ensure you meet the eligibility criteria below, then calculate your monthly instalment
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Malaysian citizens only
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Aged between 21 and 60 years of age
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Minimum income of RM24,000 per annum
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2. HLISB will carry out multiple sale and purchase transactions
Personal Financing-i is based on Tawarruq principle. By applying, HLISB will purchase a commodity with a price equivalent to your financing amount, and thereafter sell the commodity with a profit to you on deferred payment. Then, you will appoint HLISB as your agent to sell the commodity to a third party to obtain cash for you.
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3. The cash will be yours
Pay your monthly instalment to HLISB according to agreed tenure of financing

MORE INFORMATION

  • Fees & Charges
  • Documents Required
  • Application Form
  • Product Disclosure Sheet
  • Terms & Conditions

 

The following are the non-exhaustive list of fees and charges, or visit any of our branches for further information.

 

Description/ Service Charges/ Fees*
Agency Fee Waived
Stamp Duty fee
0.5% of the approved financing amount
Early Settlement Notice fe
N/A
Compensation Charges
  • For default payment during facility tenure = 1% p.a. on the overdue instalment amount
  • For default payment causing the facility to be terminated or brought to court = 1% p.a. on the outstanding balance (outstanding principal plus accrued profit)
  • For default payment after expiry of facility tenure = BNM Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit)
  • For default payment post judgment = IIMM rate on the basic judgment sum.

 

*Subject to Government Tax, if applicable

 

Acceptable Income Documents
Individual Applicant (Employed)
Individual Applicant (Self-Employed)
Private Limited Companies
Latest 3 months’ salary slips
Latest 6 months’ bank statements or savings passbook
Latest 3 years’ audited account
Latest Borang BE (supported by tax payment receipt)
Latest Borang B (supported by tax payment receipt)
Latest 6 months’ bank statements
Latest EPF statement with at least 6 months’ contribution
Latest 6 months’ commission statements
Latest Borang B of the directors (supported by tax payment receipts)
Latest 3 months’ bank statement / saving passbook  
N.A N.A
Letter of employment
N.A N.A

Application Form

Product Disclosure Sheet

Terms & Conditions

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