KFH Personal Financing-i Government Sector Personal Loan

    The KFH Personal Financing-i Government Sector is a personal loan that is based on Shariah principles. It has been created specifically for government employees. This loan is based on the Islamic banking concept of Tawarruq. This is an unsecured loan.

    Profit Rate

    Loan Amount Loan duration Profit rate Effective Profit Rate
    Any amount Any duration 4.33% p.a. 7.65% to 8.10% p.a.

    Features & Benefits

    The following are the benefits and features of the KFH Personal Financing-i Government Sector Personal Loan:

    • This is a financial product that is strictly compliant with Islamic practices. The money borrowed from this loan can be only be used for Halal purposes.
    • You will receive a maximum amount of RM250,000 with this loan.
    • The maximum loan duration period is 10 years for this personal loan.
    • This loan is calculated on a flat rate basis. So, changes in the Islamic banking rate will not affect your monthly payments.
    • You can directly deduct the monthly payment from an account of your choice.
    • You do not need a guarantor to be eligible for the loan.
    • You do not need to provide any collateral to be eligible for the loan.
    • Takaful insurance is mandatory for this loan.
    • The minimum loan amount is RM5,000.
    • The minimum loan duration allowed is 2 years.

    Fees and charges

    Fee type Fee details
    Handling and disbursement fee No charge is applicable
    Stamp Duty It will be calculated as per the Stamp Duty Act 1949.
    Early settlement fee Will be applied on bank’s discretion
    Advance Payment There is no advance payment necessary
    Late Payment Fee 1% of outstanding amount

    Eligibility Criteria

    The following are the eligibility requirements for this loan:

    • You must be a Malaysian citizen to be eligible for this personal loan.
    • You need a minimum monthly income of RM3,000 to be eligible.
    • The minimum age at the time of application must be 21 years.
    • The maximum age at the end of loan repayment period cannot be more than 60 years.

    What documents do I need to prepare for the KFH Personal Financing-i Government Sector

    The following documents are necessary to apply for the loan

    • MyKad Copy(Both front and back)
    • Last 3 months bank statement of salary account
    • Last 3 months payslip
    • Account statement of EPF account with last 3 months contribution
    • Confirmation from your employer with date of joining and retirement information
    • Salary deduction approval information
    • The bank may ask for any other relevant document

    Applying for the KFH Personal Financing-i Government Sector Personal Loan 

    • Applying for the personal loan physically: You can apply for the loan by visiting the nearest bank branch. You will have to fill up the application form and present it with all the necessary documents.
    • Online Application: You can also fill up the form online and submit the required documents in person. Once the bank receives your documents the loan approval process starts.


    Q. What happens after I have submitted the form and the required documents?

    A. All the copies of your documents will be checked by executives of the bank and if the documents and application are verified and approved the loan amount will be transferred to your account.

    Q. Do I need a guarantor for this personal loan?

    A. No, you won’t require a guarantor or collateral of any kind to be eligible for this personal loan.

    Q. Can I settle the amount before it matures? What charges do I have to bear in such cases?

    A. The bank will charge a fee subject to its discretion. You will have to provide the bank with one month written notice in-case you choose to settle early.

    Q. In case of the death of borrower before during the loan duration will the bank waive of any amount?

    A. If the borrower dies during the repayment period the bank will waive off the amount that is covered by the Takaful protection.

    Q. Is Takaful coverage compulsory for this personal loan?

    A. Yes you will need compulsory Takaful coverage with this personal loan.

    Q. If I settle the loan amount before the allotted loan period will I be eligible for rebate?

    A. Yes, if you are successful in paying back the loan amount before the due date you will be eligible for rebate.

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