AmBank Islamic Personal Loans

    The personal financing packages from AmBank Islamic offer borrowers a Shariah-compliant alternative to conventional personal loans and allow them to utilise the loan amount for personal or business use and help them tide over expenses.

    Compare Personal Loans by AmBank Islamic

    The personal financing packages from AmBank Islamic are as follows:

    • Personal Financing-i:

      This package from AmBank Islamic provides borrowers with a personal loan for cash consumption. The loan is open to public sector as well as private sector employees. The loan offers flexible repayment tenures which allows borrowers to choose a tenure which gives them affordable monthly instalments.

    • AmMoneyLine Facility-i:

      This loan is designed for cash consumption and the amount can be used in any way deemed fit by the borrower. Borrowers can get loan amounts of up to RM100,000 and have flexible repayment tenures ranging up to 5 years. The profit rates are offered on a flat rate basis and are competitive and the loan is free from additional charges such as processing fees, making the loan affordable.

    Features and benefits of AmBank Islamic Personal Loans

    • The loans are unsecured and do not require a guarantor or any form of collateral. This makes the application process hassle-free as well.
    • The loans offer quick approval and disbursal times making it an ideal choice for those in need of additional finances in a hurry.
    • The loans come with flexible tenures ranging from 1 to 5 years. The flexible repayment period allow borrowers to choose a tenure which would give them an affordable and easily repayable monthly instalment.
    • The loans do not charge any processing fees or early settlement fees.
    • The loan amounts offered range from a minimum amount of RM2,000 to a maximum amount of RM100,000.

    Profit Rates

    Profit rates for AmBank Islamic Personal Financing-i for Public Sector:

    Profit rates start as low as 4.30% p.a.

    Profit rates for AmBank Islamic Personal Financing-i for Private Sector:

    Profit rates start as low as 6.90% p.a.

    Profit rates for AmMoneyLine Facility-i:

    Flat profit rate Effective Profit rate
    EPR for 12 months EPR for 24 months EPR for 36 months EPR for 48 months EPR for 60 months
    8% p.a. 14.45% p.a. 14.68% p.a. 14.55% p.a. 14.35% p.a. 14.13% p.a.
    8.5% p.a. 15.34% p.a. 15.55% p.a. 15.40% p.a. 15.17% p.a. 14.92% p.a.
    9.99% p.a. 17.95% p.a. 18.14% p.a. 17.90% p.a. 17.58% p.a. 17.26% p.a.
    11.99% p.a. 21.44% p.a. 21.55% p.a. 21.18% p.a. 20.74% p.a. 20.30% p.a.

    Fees and Charges:

    Fee Type Amount
    Processing fees No charge
    Early settlement fees No charge
    Stamp duty fees As per Stamp Duty Act 1949
    Late payment fees 1% p.a. on overdue amount charged on daily basis

    Eligibility Criteria

    • Nationality: The loan is available to Malaysian citizens and Permanent Residents working and residing in Malaysia.
    • Age: Borrowers must meet the minimum age requirement of 21 years to apply for the loan.
    • Income: The borrowers must earn a minimum monthly income of RM3,000 to qualify for the loan.

    What documents do I need to prepare for AmBank Islamic Personal Loans

    Salaried applicants:

    • Copy of the applicant’s MyKad (front and back)
    • Copy of latest one month salary slip for fixed earners and 3 months’ salary slip for variable salary earners
    • Copy of the most recent EPF statement with 6 months contribution
    • Copy of the most recent EA Form
    • Copy of the most recent BE Form with tax payment receipts

    Self-employed applicants:

    • Copy of the applicant’s MyKad (front and back)
    • Copy of the Business registration certificate or Form 9, 24, and 49
    • Copy of the most recent BE Form with tax payment receipts

    How to apply for the AmBank Islamic Personal Loans?

    Borrowers can apply for the loan by clicking on the ‘Apply Now’ option on the bank website. The borrower will have to fill out an online form and submit it along with the required supporting documents. Alternatively, borrowers can also visit the closest AmBank branch and apply for the loan.


    Q. Is takaful cover compulsory for the loan?

    A. Yes. Takaful cover is compulsory for the loan.

    Q. What is the maximum age limit for a borrower to qualify for the loan?

    A. The borrower must not exceed the maximum age of 60 by the end of the loan tenure. If a borrower is aged 58, then he/she cannot chose a tenure of more than 2 years.

    Q. Will the borrower be given a rebate for timely payments?

    A. Yes. When borrowers make the monthly instalment payments on or before the due date for 12 consecutive months, they will receive a 5% rebate on the yearly profit paid which is credited to the borrower on the 13th month.

    Q. How is the monthly instalment calculated?

    A. The instalments are calculated using the following formula:

    M = [L + (L x R x T1)]/T2 where M is the monthly instalment, L is the financing amount, R is the profit rate, T1 is the tenure in years, and T2 is the tenure in months.

    Q. Is there a lock-in period on the loan?

    A. No. there is no lock-in period on the loan. However, borrowers who wish to settle the loan early must inform AmBank Islamic in writing at least 1 month prior to the intended date of settlement.

    Q. How long would the approval and disbursal process take?

    A. The loan approval and disbursal process can take an average of 48 hours or two business days.

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