• Personal Loan BYTES FROM OUR KITCHEN

    AEON iCASH Personal Financing

    The AEON iCASH Personal Financing is a Shariah-compliant personal loan offering a high loan amount of up to RM100,000 with tenures going up to 7 years.

    Interest Rates

    Listed below are the interest rates for AEON iCASH Personal Financing:

    Applicant Type Profit rate (Flat rate) Effective rate
    New Applicants 0.84% per month or 10.08% p.a. 16.77% p.a. to 18.11% p.a.
    Existing Cardholders (AEON Cardholders/ AEON Express Cardholders) 1.5% per month or 18% p.a. 27.46% p.a. to 31.72% p.a.

    Benefits and Features

    The features and benefits of AEON iCASH Personal Financing are as follows:

    • AEON iCASH Personal Financing is Shariah-compliant and works based on the concept of Bai Al-Inah that involves sale and buy-back transaction of an asset by a seller.
    • You can get a high loan amount of up to RM100,000.
    • The loan offers attractive profit rates starting as low as 0.8% per month.
    • The loan comes with low monthly instalments starting as low as RM54. The repayment amount is set based on the approved loan amount and tenure chosen.
    • The loan comes with flexible tenures of 6, 9, 12, 15, 18, 24, 30, 36, 48, 60, 72 and 84 months.
    • The loan has hassle-free application process and offers fast approval and the amount can even be disbursed on a Sunday.
    • The loan does not need any guarantor, collateral or security deposit.

    Fees and Charges

    Take a look at the fees and charges mandatory for AEON iCASH Personal Financing:

    Fee type Fee details
    Processing fee 4% of the financing amount when the sum ranges between RM1,000 and RM10,000. For the sum more than RM10,000, processing fee is 2% of the total sum. This maximum fee is capped at RM400.
    Handling fee Nil
    Stamp Duty 0.5% of the financing sum
    Goods and Service Tax (GST) A GST of 6% will be applicable according to the financing processing fee
    Early settlement fee Nil
    Late Payment Fee RM18 to RM40 considering the repayment date specified. Additional compensation of RM23 will be charged per month for any delinquency from the previous month

    Eligibility Criteria

    Listed below are the eligibility criteria for AEON iCASH Personal Financing:

    • Only Malaysian citizens can apply for this personal financing scheme.
    • An applicant needs to be a minimum of 18 years to apply for the personal loan.
    • Minimum net income of RM800 is mandatory for an applicant.
    • An applicant can get a minimum personal loan of RM1,000 to a maximum of RM100,000.

    What documents do I need to prepare for AEON iCASH Personal Loan

    For Salaried Employees:

    • The original draft of identity card
    • Latest 3-6 months’ salary slips
    • Latest 3-6 months’ bank account statements/details
    • Latest EPF statement
    • The bank’s saving account passbook ( required for verification)
    • Latest BE form and tax payment receipt

    For Self-Employed:

    • Original draft of an Identity Card
    • Company Business Registration Certificate (ROC & ROB) and
    • Latest 6 months’ principal current account statement of the company either, or
    • Latest updated bank saving account passbook or bank statement/details (for verification purposes) either, or
    • Latest BE/E form and tax payment receipt

    How to apply for AEON iCASH Personal Financing?

    • Offline Application: One can apply for the loan by visiting any AEON Credit Service branch or service counters and requesting for the application.
    • Online Application: You can fill the form available on the bank’s official website and submit the application along with the supporting documents to get the personal financing.

    FAQs

    Q. Does the loan have a lock-in period?

    A. No. The loan does not have any lock-in period and would not charge a fee for early settlement.

    Q. Are there any handling fees involved that need to be paid while applying?

    A. No, there is no handling fee charged while obtaining the loan.

    Q. If my repayment is delayed for about 15 days of the due date, what is the amount of fine that I need to pay?

    A. The due date of the repayment is on 2nd of every month. If your payment is delayed by 10 days, i.e. if it is made between 11th and 18th of the month, you will have to pay RM23 as the late payment charges per month.

    Q. What do I need to do if my residential address gets changed?

    A. In order to not miss out on any communication or correspondence from the bank, you are advised to inform the bank about any change in your contact details.

    Q. Where can I contact if I need customer service or assistance?

    A. For any enquiry, you can contact your nearest branch or write on the bank’s official email ID : [email protected] For any further counselling regarding finance management or credit cards, you can also call on 1-800-88-2575.

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