The KFH Murabahah Personal Financing-i Generic is a personal loan offered by KFH Malaysia for salaried employees. This loan offers attractive profit rates with flexible tenures and easy repayment methods. If you are looking for funds to renovate your home, pay any medical bills, or have any other such miscellaneous expenses, this loan is designed to meet your needs.
|Fee Details||Fees & Charges|
|Stamp Duty||As per Stamp Duty Act 1959 (Revised in 1989).|
|Brokerage Fee||As imposed by KFH Malaysia.|
|Early Settlement Fee||May include unrecovered initial costs. May include unrecovered discounted costs.|
|Late Payment Fee||As imposed by KFH Malaysia.|
Self Employed Applicants
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.
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.