Emicro i-Financing
Apply for Emicro i-Financing online and get up to RM10,000 in Shariah-compliant financing with approval in as fast as 1 working day.
Fees and Charges
Eligibility
- Government employee & gLC employee
- Your IC (both sides)
- A selfie holding your IC (for identity verification)
- Latest salary slip
- Latest EPF statement
- Original utility bill receipts such as electricity, water bills, etc.
Financing Payment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 500 - RM 10,000 | 3 - 24 months | min. RM 24,000 | 18.00% p.a. |
Terms and Conditions
Product Review by CompareHero
What is Emicro i-Financing?
Emicro i-Financing is a Shariah-compliant personal financing product structured under the Tawarruq concept and certified by Emicro's Shariah Advisors. It's offered by Emicro Services Sdn Bhd, a financing company licensed by the Ministry of Housing and Local Government (KPKT).
Applications are submitted through a fully digital platform, with approval possible within 1 working day, subject to complete documentation and a successful assessment. Applications made outside operating hours are processed on the next working day. Once approved, funds are disbursed to the applicant's bank account.
What are the minimum and maximum financing amounts?
Financing ranges from RM500 to RM10,000, with tenures from 3 to 24 months.
What is the profit rate for Emicro i-Financing?
The profit rate is fixed at 18% per annum, equivalent to 1.5% per month, calculated on the approved financing amount and payable according to the agreed schedule.
Are there any fees or charges?
The following fees apply:
- Processing fee (covers stamp duty, legal documentation, and Wakalah fee): from RM60 to RM400, depending on the approved amount.
- Late payment fee: 1% per annum on the outstanding amount. A RM25 charge applies if principal or profit remains unpaid 7 days after the due date.
- Other charges, if applicable, are disclosed before the financing facility is accepted.
Who is eligible to apply for Emicro i-Financing?
- Malaysian citizen.
- Aged 21 to 50.
- Salaried employee with a stable income.
What documents are required?
- Identity card (front and back)
- A selfie holding the identity card, for verification
- Latest salary slip or EPF statement
- Latest utility bill (electricity, water, maintenance fee, or other proof of address)
How to make a repayment for Emicro i-Financing?
Repayment can be made through:
- Online banking: transferring funds to Emicro's bank account, using the applicant's ID number or mobile number as the reference, then uploading the transfer slip on the Emicro website or app.
- FPX online banking, through the Emicro website or app.
- ATM transfer to the company bank account, followed by uploading the transfer slip on the Emicro website or app.
- JomPAY, followed by uploading the slip on the Emicro website or app.