Ambank Personal Financing-i is a Shariah compliant personal loan that requires no collateral and guarantor. Personal Financing-i is based on Bai Inah islamic banking concept. As for public sector loan, Personal Financing feature a low 3.30% p.a flat rate loan, the effective rate of the loan would be 6.21% for 4 years while 6.95% for 10 years. This loan provides from RM 5,000 up to RM 200,000 financing with minimum of 2 years to a maximum of 10 years repayment. This amount that a person can borrow would depends on his or her salary as the maximum deduction is only 60% of monthly salary.
As a government sector personal loan, the repayment of this loan must be done automatically via Biro Perkidmatan Angkasa. For a start, the first 3 months of the loan is delayed. This will give some financial room for cash strapped borrowers.
Upon approval, borrower is required to open an Ambank account. The loan amount will be disburse to borrowers Ambank account.
http://www.personalloan.com.my/ambank-personal-loan-pubic-sector/622/
As a government sector personal loan, the repayment of this loan must be done automatically via Biro Perkidmatan Angkasa. For a start, the first 3 months of the loan is delayed. This will give some financial room for cash strapped borrowers.
Upon approval, borrower is required to open an Ambank account. The loan amount will be disburse to borrowers Ambank account.
http://www.personalloan.com.my/ambank-personal-loan-pubic-sector/622/