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.
|Financing Amount||Financing Tenure||Profit Rate|
|Up to RM250,000||Up to 10 years||Profit rate is calculated monthly on a flat rate basis|
|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|
|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|
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|
Latest Payslip (3 Months).
Latest EPF Statement (3 Months).
Any other documents requested by the bank based on your eligibility
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.
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.