• Personal Loan BYTES FROM OUR KITCHEN

    KFH Murabahah Personal Financing-i

    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.

    Features and Benefits

    • You get a flexible loan 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 loan as it is calculated monthly based on flat rates.
    • You do not have to provide a guarantor or any collateral to acquire this loan.
    • You will have Takaful coverage with this loan which will lessen any future worries or burden.
    • You need not pay any early settlement fee if you decide to settle your loan fully before it matures.
    • You can easily pay your monthly instalments through IBG/IBFT facility.

    Fees and Charges

    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.

    Eligibility Criteria

    • Nationality Criteria:
      • This loan is available only if you are a Malaysian citizen.
    • Age Criteria:
      • You must be aged between 21 to 60 years.
    • Income Criteria:
      • You need to earn a minimum gross salary of RM3,000 per month including any fixed allowances.
      • You are eligible for this loan if you work for a multinational company, public limited company, government-linked company and its subsidiaries.
      • You need to be a confirmed and permanent staff member in your company.

    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.

    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.

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