AgroBank

Looking for a reliable and Shariah-compliant personal financing solution? AgroBank Cash-i offers up to RM200,000 in financing exclusively for government employees and selected GLC staff. With competitive profit rates and flexible repayment options, it’s the smart way to access funds when you need them most.

Agrobank Personal Loan

Introduction

Tawarruq

The implementation is based on the Tawarruq transactions.

Eligibility Criteria

Age Requirement

Government Employees
Age between 18 to 60 or up to retirement age whichever is earlier

GLC Staff
Age between 21 to 60 or up to retirement age whichever is earlier

Eligibility

Government Employees
Permanent and have served for at least 6 months (confirmed or under probation)

GLC Staff
Permanent staff and has been confirmed with at least one year of service

Min. Salary Requirement

Government Employees
RM1,000 gross salary per month

GLC Staff
RM2,000 gross salary per month

Takaful CoverageCustomer is encouraged to take Skim Takaful Kredit

Popular Personal Loans

Cash-i

Cash-i criteria as below:

  • Financing Limit: Government Employees: Maximum RM200,000 GLC Staff: Maximum RM200,000
  • Financing Tenure: 10 years maximum
  • Profit Rates: (Subject to eligibility and current changes)

*Profit rate is subjected to eligibility and current conditions changes. Profit rates are as below:

  • FEDERAL GOVERNMENT: Tenure Profit Rate: Up to 3 years BR + 2.85% p.a ; 4 to 10 years BR + 3.35% p.a
  • STATE GOVERNMENT/STATUTORY BODY/PIHAK BERKUASA TEMPATAN & GOVERNMENT LINK COMPANY
  • Tenure Profit Rate Up to 3 years BR + 3.22% p.a ; 4 to 10 years BR + 3.67% p.a

FOR APPLICATION THAT HAS UNSATISFACTORY CREDIT ASSESSMENT

Tenure Profit Rate Up to 10 years BR + 4.25% p.a; Profit rate charged is dependent on the following criteria:

  • Existing and new customer
  • Good track record as per CCRIS which not exceed MIA-2 for the past 12 months.
  • Salary deduction through BPA
  • No Rescheduling and Restructuring (R&R) status.
  • No Special Attention Account (SAA)

Ceiling Profit Rate (CPR): – BR + 7.15% p.a or 10% p.a whichever is higher for the calculation of Sale Price

Effective Profit Rate (EPR): – At the current profit rate and did not exceed CPR and calculated based on monthly balance

Note: Current BR is at 3.60%

Fee & Charges

Stamp Duty As per the Stamp Act 1949 (Revised 1989).

Advanced Installment

  • Advance payment of installments equivalent to three (3) month installment which shall be used as payment of default under the financing.
  • Advance installments shall be deducted from the financing amount.
  • Advance payment can only be taken prior to financing is matured or settled.
  • Brokerage Fee RM 30 per transaction (Subject to Service Tax at rate of 6% (if applicable)

Note: The Bank will notify the Customer at least 21 days before effective date should any changes is made to the fees and charges.

 

*Source: agrobank.com.my

  #personalloan #Bank #AgroBank 

Contact Agrobank

  • Telephone: 603-2731 1600 +6 03 2079 0600 (INTL)
    Contact Centre: 1-300-88-2476
  • Agrobank Malaysia My office
    Leboh Pasar Besar, City Centre,
    50050 Kuala Lumpur

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