Cash woes? A personal loan to the rescue!
  • loading

    We found 1 Kuwait Finance House Murabahah Personal Financing-i
    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    Profit Rate From 6 % p.a
    2-10 Years
    RM50 IKEA Gift Card BBAZAAR EXCLUSIVE DEAL
    What you'll love
    What you need
    What you need to consider
    What it costs
    BBazaar Exclusive Deal
    Personal Loan BYTES FROM OUR KITCHEN

    Kuwait Finance House Murabahah Personal Financing-i

    Murabahah Personal Financing-i Generic is a personal financing plan offered by Kuwait Finance House. This scheme offers attractive profit rates with flexible tenures along with easy payment methods.  

    Profit Rate 

    Financing Amount Financing Tenure Profit Rate
    Up to RM250,000 Up to 10 years Profit rate is calculated monthly on a flat rate basis

    Features

    Profit Rate Rate as per the bank’s discretion
    Minimum Monthly Income RM3,000
    Effective Profit Rate NA
    Minimum Financing Amount RM5,000
    Maximum Financing Amount RM250,000
    Financing Tenure 2 to 10 years
    Islamic/Conventional Islamic
    Debt Consolidation No
    Takaful Coverage Yes
    Approval Duration NA
    Government Servant? NA

    Benefits  

    • You get a flexible financing tenure starting from a minimum of 2 years up to a maximum of 10 years. 
    • You get a high financing limit that starts at a minimum RM5,000 and goes up to RM250,000. 
    • You get to enjoy competitive profit rates with this personal financing plan. 
    • You do not have to provide a guarantor or any collateral to acquire this scheme. 
    • You will have Takaful coverage with this plan which can help lessen any future worries or burden. 
    • You need not pay any early settlement fee if you decide to settle your financing fully before it matures. 
    • You can easily pay your monthly instalments through IBG/IBFT facility. 

    Fees and Charges

    Stamp Duty 0.5% of the financing amount
    Takaful Charges As per the customer’s profile
    Brokerage Fee Based on the financing amount
    Early Settlement Fees Customers will be entitled for Ibra (rebate)
    Late Payment Charges As applicable
    Fees and Charges of Top Banks in Malaysia from Various banks in Malaysia

    Eligibility Criteria

    Nationality

    Minimum age: 21 years

    Maximum age: 2 years before the retirement age (60 years old)

    Type of Employment Confirmed and permanent staff working with public limited companies, multinational companies, government-linked companies, and their subsidiaries
    Income Requirement Minimum gross income of RM3,000 per month
    Personal Loan Eligibility

    What Documents Do I Need to Prepare for KFH Personal Loan

    Salaried Applicants

    Latest Payslip (3 Months).

    Latest EPF Statement (3 Months).

    Any other documents requested by the bank based on your eligibility

    Self Employed Applicants

    Latest B/e-Tax Form with payment receipts or Latest EPF Statement (6 Months) OR Copy of Audited Tax Statement.

    Latest Company Bank Statement (6 Months) or Proprietor Bank Statement with Personal Bank Statement (6 Months).

    Any other documents requested by the bank based on your eligibility.

    KFH Murabahah Personal Financing-i Generic Application Process

    You can call the bank on 1300 888 KFH (534)..You can visit the nearest branch along with the required documents and speak to a bank representative. You can find the nearest branch of KFH using the branch locator tool available on www.kfh.com.my.

    Top 5 Personal Loans of 2019

    FAQs

    Q. What am I supposed to pay each month?

    A. You have to pay a fixed monthly instalment amount for the entire loan tenure. Your final instalment amount could be higher or lower than your usual fixed monthly instalment amount.

    Q. How am I supposed to pay the instalment amount each month?

    A. You need to set up payments through standing instruction during the time of your loan application. Each month, the instalment amount would be automatically deducted from your bank account towards the loan repayment. Please ensure that you have sufficient balance in your bank account for your monthly instalment every month. If the loan repayment amount is not deducted from your bank account, then you may have to pay manually by visiting the branch.

    Q. Is it mandatory for me to take up a Takaful coverage for this loan?

    A. Yes. You are required to take up a Group Credit Term Takaful (GCTT) with the bank. This coverage is mandatory as it will ensure the loan repayment in case of death or permanent disability of the borrower. Though the bank has a panel of Takaful operators, you can choose a Takaful operator of your preference to provide you Takaful cover for this personal loan.

    Q. Am I entitled to any rebate (Ibra’) if I settle the loan fully before the loan tenure ends?

    A. Yes. You would get a rebate if you settle the loan early, or if you settle the loan fully due to facility restructuring. The bank would calculate the rebate and subtract any expenses that may come under early settlement charges from it. Do remember that if you have taken up the GCTT with the bank, you may not get a rebate on it as the full GCTT coverage is solely borne by KFH Malaysia.

    Q. Whom am I supposed to contact for any enquiries or if I have any difficulty in paying the monthly instalment?

    A. If you have any enquiries, complaints or any difficulties in paying, you need to contact the bank as soon as possible. The contact information is as follows:

    Kuwait Finance House (Malaysia) Berhad

    Level 8, Menara Prestige

    No 1, Jalan Pinang

    50450 Kuala Lumpur, Malaysia.

    General Line: +603 2168 0000.

    Contact Centre: 1300 888 KFH (534).

    General Fax: +603 2168 0001.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.