Products / Items | Investment and Refinancing (Civilian – Selected Organization) |
Purpose | Setlement of Debt and Investment |
Who Can Apply | Selected organizations staff |
Tenure | Minimum: 3 years. Maximum: 10 years |
Financing Amount | Minimum: RM 5,000.00. Maximum: RM 150,000.00 (Floating Rate), RM 100,000.00 (Flat Rate) |
Profit Rate | Flat: Without Ju’alah: 5.5% p.a, With Ju’alah: 5.7% p.a. Floating: BFR+1.8% (capping rate 11%) |
Mode of Payment | a) Auto Debit net salary via BMMB Current/Saving Account or b) Salary deduction At Source by employer |
Wasiat/Will – Writing | Compulsory |
Takaful | Compulsory |
Guarantor | Not available |
Documents Required | • | Copy of NRIC (front and back) | • | Latest 1 month Salary Slip (Flat Rate) | • | Latest 3 months original Salary Slip (Floating Rate) | • | Employment Confirmation Letter | • | Settlement Statement | • | Investment Statement (if applicable) |
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Applicant’s Eligibility | • | Employment: PERMANENT and CONFIRMED staff with minimum 3 years service | • | Repayment Capacity: i) 1/3 or 3.33% of net salary |
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