Cash woes? A personal loan to the rescue!
  • Personal Loan BYTES FROM OUR KITCHEN

    Bank Muamalat Corporate Package Personal Financing 

    Corporate Package Personal Loan is offered by Bank Muamalat and provides funds to the employees of selected non-government organisations, and the managerial level employees of DRB Hicom at a competitive profit rate.

    Profit Rate

    Financing Amount Financing Tenure Income Requirement Profit Rate
    • DRB Hicom Managerial LevelMinimum: RM10,000-Maximum:RM150,000
    • Staff of Selected OrganisationMinimum: RM7,000-Maximum:RM100,000
    2 to 7 years   NA Competitive flat profit rates

    Features

    Flat Rate NA
    Effective Profit Rate NA
    Minimum Financing Amount Starts from RM7,000 (based on the type of employment)
    Maximum Financing Amount Up to RM150,000 (based on the type of employment)
    Financing Tenure Maximum tenure of up to 7 years
    Islamic/Conventional Islamic
    Debt Consolidation NA
    Takaful Coverage Optional
    Approval Duration NA
    Government Servant? NO 

    Benefits

    • The managerial level staff of DRB Hicom can get up to RM150,000 loan amount with this loan scheme. Whereas the employees of selected organisations can get a maximum of RM100,000 with this loan.
    • The funds from this loan facility come with a range of competitive profit rates.
    • No collateral or guarantor is required for the loan approval process.
    • The loan scheme comes with a maximum of 7 year period.
    • The facility allows the individuals to make the payment via easy payment modes like salary deduction at source and salary with BMMB.

    Fees and Charges

    Stamp Duty As per the Stamp Act 1949
    Processing Fee NA
    Disbursement and Miscellaneous Fee NA

    Penalties

    Early Settlement NA 
    Late Payment Charges 1% p.a. of the outstanding instalments. 

    Eligibility Criteria

    Nationality Malaysian Citizen
    Age Requirement NA
    Employment The Managerial staffs of DRB Hicom and employees of selected organizations.
    Minimum Income Requirement
    • RM7,000 for the employees of specific organizations.
    • RM10,000 for the DRB Hicom Managerial staffs.
    Guarantor/Collateral Requirement No guarantor or collateral is required.
    Should I have linked bank account? NA

    Documents Required

    NRIC copy (both sides)
    Latest Pay slip (1 month)
    Latest utility bill (for staff of selected organisations)
    Employment Confirmation Letter (for staff of selected organisations)

    How to Apply?

    • Offline application: One can apply for the loan either at any Bank Muamalat branch or by putting in the request for the same through bank’s hotline numbers.
    • Online Application:One can also put in their application for the Bank Muamalat’s Corporate Package Personal Loan online through the bank’s official website.

    FAQs

    Q. I am an employee of a non-government institution. My monthly salary is RM3,000. How much loan amount I can apply for through this facility?

    A. The amount applicable through this financing facility depends upon an individual’s rank and the monthly salary. To get a better understanding about the maximum limit applicable through Corporate, refer to the table below:

    Tenure Ranking Minimum loan amount Maximum loan amount
    2-7 years Management ranking RM10,000 10 times the monthly salary or RM150,000 (whichever is lower).
    2-7 years Other ranking RM7,000 For monthly salary less than RM5,000: 5 times the gross salary.
    For monthly salary more than RM5,000: 10 times the gross salary or a maximum of RM100,000.

    Q. Can I opt to fully settle the financing amount prior to the maturity date?

    A. Yes. You can opt for an early settlement of the loan amount.

    Q. Is there any benefit I can get with the early settlement of this loan?

    A. Yes. You can earn rebate with the early settlement of the amount due.

    Q. Is it compulsory to get the written will?

    A. It’s optional to opt for the written will, but it’s recommended to get the same.

    Q. Should I get the takaful protection on my plan?

    A. It’s mandatory to get the takaful protection plan with the loan as it covers the outstanding balance should any unfortunate event or circumstance occur during the loan period.

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