- Hassle-free application and fast approval - within 48 hours*
- High financing margin of up to 5 times your monthly salary/income
- Low monthly installment
- Flexible payment tenure of up to 5 years
- Minimum income eligibility of only RM24,000 per annum
- No guarantor and no collateral
- The Bank shall grant a rebate to the Customer(s) on the Bank's Selling Price under the principle of ibra' as prescribed by the Shariah Advisory Council of Bank Negara Malaysia (BNM).
- Ibra' shall be granted to the Customer who settles his financing facility(ies) before the end of the financing tenure. Settlement prior to the end of the financing facility tenure by the Customers shall include, but is not limited to the following situations:
1. Customer who makes an early settlement or early redemption;
2. Settlement of this financing facility(ies) due to financing restructuring exercise;
3. Settlement by Customer in the case of default; and
4. Settlement by Customer in the event of termination or cancellation of this financing facility(ies) before the maturity date.
- Ibra' (Rebate) shall be calculated as follows:
- Ibra' = [remaining unearned profit] +[undisbursed principal (if applicable)] - early settlement charges* - current month profit *cost that has not been recovered because a financing contract has a structure with discount elements at the initial period of financing; and/or
The rebate shall only be deemed granted upon receipt of the settlement/redemption sum as determined by the Bank.
*48-hour financing approval is subject to terms and conditions. Other terms and conditions apply.