Cash woes? A personal loan to the rescue!

Bank Muamalat Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i

An Islamic Personal Loan Exclusively for Armed Forces Pensioners and Government Organization Staff

The Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i is an Islamic concept of personal financing offered by the Bank Muamalat Malaysia Berhad (BMMB). This personal financing scheme caters exclusively to the Armed Forces Pensioners and Government Organization Staff who are looking for debt settlement and investment. All Federal, State Government or GLC staff can obtain this scheme of personal financing. The loan works on the concept of Tawarruq.

Profit Rates

Loan Amount Loan Tenure Minimum Income Profit Rate
Up to RM150,000 3 to 10 years NA 5.5% p.a. (flat rate) Floating rate capped at 11% p.a.


Interest Rate Starting from flat rate of 5.5% p.a.
Effective Rate NA
Minimum Loan Amount RM5,000
Maximum Loan Amount Up to RM150,000
Loan Tenure 3 to 10 years
Islamic/Conventional Islamic
Debt Consolidation NA
Takaful Coverage Optional
Wasiat/Will-writing Compulsory
Approval Duration NA
Government Servant? Government and non-government


  • This is a personal financing scheme exclusively for the Armed Forces customers and Government Staffs to settle their debts or use the financing for investment.
  • The facility comes with a minimum tenure of 3 years and a maximum term expanding up to 10 years.
  • A customer can obtain a personal loan up to a maximum of RM150,000.
  • The financing works on the Islamic concept of Tawarruq.
  • Will writing or wasiat is optional.
  • A takaful policy is compulsory.
  • Rebate will be offered if the customer settles the loan before maturity date of the scheme.
  • The bank holds a right to set-off overdue instalment amount when a customer fails to make the repayment. In such case, the bank will debit the amount from any of the customer’s deposit accounts maintained with the bank.

Fees and Charges

A customer will have to pay the fees and charges mentioned below when he chooses the Bank Muamalat Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i:

(The charges mentioned below are inclusive of 6% GST (Goods and Services Tax) wherever it is applicable.)

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


Early Settlement Charges No fee charged Bank will provide ibra (rebate) on early settlement of the financing facility
Late Payment Charges (Ta’widh) 1% p.a. on total outstanding amount

Eligibility Criteria

Nationality Malaysian citizen
Age Requirement NA
Employment Government: Confirmed employee Non-government: Permanent and Confirmed staff with minimum 3 years in service
Minimum Income Requirement NA
Guarantor/Collateral Requirement Guarantor or collateral not required
Should I have a linked bank account? NA

Required Documents

  • A copy of MyKad or NRIC (both front and back)
  • Latest salary slip for 1 month (flat rate)
  • Latest salary slips for 3 months (floating rate)
  • Valid employment confirmation letter
  • Latest settlement statement
  • Investment statement (if applicable)

How to apply for Bank Muamalat Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i?

Offline Application: A customer can apply for the personal financing by visiting the nearest branch of Bank Muamalat and will have to fill and submit the application along with all the required supporting documents.


Q. What is the minimum amount of personal financing that I can obtain through Bank Muamalat Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i?

A. The minimum limit for financing amount is RM5,000 for any eligible customer.

Q. What will be the mode of payment after obtaining the loan?

A. A customer can make payments through their salary account with Bank Muamalat Malaysia Berhad or can also opt for salary deduction at source.

Q. How do I know if the fees and charges applicable are changed by the bank?

A. The bank will inform to all its customers at least 21 calendar days in advance if there are any changes in fee structure and charges of this product.

Q. What will happen if as a customer, I fail to make repayments in the allotted time?

A. You can contact to the bank in such cases so that the bank will inform you about the alternatives. If you fail to make the payments on a regular basis, the bank may take a legal action against you and inform you so through the letters and notices.

Q. For what purpose can I use the Bank Muamalat Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i?

A. The Bank Muamalat Pembiayaan Pengurusan Kewangan (PPK) Personal Financing-i is ideal for your debt settlement and any investment you want to make without sabotaging your savings. Government employees and pensioners can make the best of the scheme with its competitive flat and floating profit rates.

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