Cash woes? A personal loan to the rescue!

    KFH Murabahah Personal Financing-i Government Employees

    The KFH Personal Financing-i Government Sector is a personal loan that is based on the Islamic concept of Tawarruq . This facility is designed specifically for government employees. It is an unsecured loan, which means that you don’t need a collateral or a guarantor while signing up.

    Profit Rate

    Loan Amount Loan Tenure Minimum Income Profit Rate
    Up to RM250,000 Up to 10 years RM3,000 (minimum gross monthly income) 4.33% (flat rate basis)


    Profit Rate 4.33% p.a. (flat rate basis)
    Effective Rate 7.65% to 8.10%
    Minimum Loan Amount RM5,000
    Maximum Loan Amount Up to RM250,000
    Loan Tenure From 2 to 10 years
    Islamic/Conventional Islamic
    Debt Consolidation NA
    Takaful Coverage Compulsory
    Approval Duration NA
    Government Servant? Yes (confirmed and permanent staff)


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

    • You can get a maximum financing of up to RM250,000 with this facility.
    • The maximum loan duration period is 10 years.
    • 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 financing.
    • You do not need to provide any collateral to be eligible for the loan.
    • Takaful insurance is mandatory for this loan.
    • The minimum financing you can get is RM5,000.
    • The minimum loan duration is 2 years.

    Fees and charges

    Stamp Duty Charges As per the Stamp Duty Act 1949
    Processing Fee NA
    Brokerage Fee As per the bank’s discretion


    Early Settlement Charges Applicable as per the bank’s discretion (A customer can make an early settlement by giving a written notice 30 days prior)
    Late Payment Charges As per the bank’s discretion

    Eligibility Criteria

    Age Requirement Minimum age: 21 years
    Maximum age: 60 years
    Employment Confirmed and permanent employee
    Minimum Income Requirement RM3,000 (minimum gross monthly income)
    Guarantor/Collateral Requirement Not required
    Should I have a linked bank account? NA

    What documents do I need to prepare for this?

    Documents Required
    A copy of MyKad (both front and back)
    Latest salary slips (for 3 months)
    Any other document as asked by the bank or referral agent

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

    • Offline application: You can apply for the facility 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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