MBSB Private Sector-i
Min. Interest Rate6.29% p.a.
Max. Loan AmountRM 300,000
Max. Tenure10 years
Min. Interest Rate6.29% p.a.
Max. Loan AmountRM 300,000
Max. Tenure10 years
Islamic personal financing up to RM300,000, with profit rates from 6.29% p.a. for eligible staff.
Calculate your monthly repayment
*Profit rate, monthly repayment, and total repayment amount displayed are estimates for illustrative purposes only. The actual financing terms, including the approved amount, and final profits are subject to assessment and approval by the lending party.
Fees and Charges
Profit RateAs low as 6.29% p.a.**Subject to terms and conditions
Stamp Duty
Exempted
Processing Fee
RM 34.00As Wakalah Fee
Late Payment Fee
1.00% on such overdue amount1% p.a. on such overdue amount during the facility tenure or if it’s after the maturity of the facility tenure, then a rate that won’t exceed the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) will be charged on the outstanding balance
Early Termination Fee
Exempted
Eligibility
Min. IncomeRM 3,500per monthRM 42,000 per year
Who Can Apply?Malaysian citizens21 - 60 years old
Employment Status
- Salaried employee
- Self-employed
- Permanent employees of PLCs, GLCs, state GLCs, MNCs, education sector companies and its subsidiaries
- Self-employed practicing professional with a valid Professional certificate with minimum 2 years of business/firm establishment (minimum income must be RM5,000 or above)
Documents required to apply:You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
- Copy of identity card (front & back)
- Latest 3 months salary slips
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- A copy of BPA form
Self-Employed (Malaysian)
- Copy of identity card (front & back)
- Business Registration Certificate (SSM) / Forms 9, 24 and 49 / M&A
- Latest B/BE Form with official tax receipt
- Latest 6 months bank statement
- Latest 3 months bank statement (with salary being credited)
- License for Professional Certificate
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 10,000 - RM 300,000 | 24 - 120 months | min. RM 42,000 | 6.29% p.a. - 11.60% p.a. |
Features
Profit rates from 6.29% - 11.60% p.a.
High financing amount of up to RM300,000
No guarantor is required and no early settlement charges
Convenient mode of payment through salary deduction, any nearest MBSB Bank branches, digital payment via Interbank Giro/Instant Transfer, or Standing Instruction/Auto Debit
Optional Takaful coverage
For permanent employees of PLCs, GLCs, state GLCs, MNCs, education sector companies and its subsidiaries, and permanent/self-employed practicing Professionals of private companies with a valid certificate
Minimum loan amount: RM10,000
Maximum loan amount: RM300,000
Minimum duration of the loan: 24 months
Maximum duration of the loan: 120 months