Personal Financing-i

Shariah Concept

Tawarruq

Have you ever wondered how the Shariah aspects of MBSB Bank's Tawarruq products are developed? Now you can explore various topics of Islamic Finance from the SKIL Robo-Shariah-Advisor Module, equipped with advanced knowledge processing capabilities that enables you to learn and understand the true Shariah aspects of Tawarruq. Click here to know more.

Eligibility

• Malaysian citizen aged 19 years old and not exceeding 60 years upon expiry of facility or optional retirement age, whichever is earlier
• Contract employee of Government, GLCs, local councils and selected companies having salary deduction arrangements with the Bank with at least 12 months in service (applicable for Biro cases only);
• Permanent / Contract employee of listed Private Sector companies having salary deduction arrangement with the Bank (Non Biro);
• Premium Customers - High income employee (contract / permanent) of Government, GLC, SGLC, statutory bodies and selected private companies with at least 5 years in service.

Note: The remaining contract term for contract employees must be 12 months and above at the point of application entry.

Financing Amount

Financing amount of up to RM400,000

Tenure

Financing tenure of up to 10 years

Profit Rate

• Variable Rate is calculated on monthly rest basis
• Competitive financing rates as low as SBR + 4.25% p.a. (equivalent to 3.86% p.a. flat rate at 3 years tenure) with ceiling rate of 15% p.a.

Features / Benefits

• No guarantor required
• Takaful coverage is optional
• No early settlement charges

Payment Method

• Salary deduction via Biro Angkasa, Accountant General or employer salary deduction;
• Financing payment can be made at any of MBSB Bank's nationwide branches or alternatively via electronic payment via Interbank Giro/Instant Transfer or Standing Instruction / Auto Debit.

Payment Table

Profit Rate (p.a.) as low as SBR + 4.25% p.a.

- 7.25% p.a (Effective Rate) / 3.86% p.a (Flat Rate equivalent for 3 years)

- MBSB Bank's current Standardised Base Rate (SBR) is 3.00% p.a. and ceiling profit rate is at 15%

- Payment tables above are for illustration purposes only

- Terms and Conditions apply

Shariah Concept

Tawarruq

Have you ever wondered how the Shariah aspects of MBSB Bank's Tawarruq products are developed? Now you can explore various topics of Islamic Finance from the SKIL Robo-Shariah-Advisor Module, equipped with advanced knowledge processing capabilities that enables you to learn and understand the true Shariah aspects of Tawarruq. Click here to know more.

Eligibility

• Malaysian citizen aged 19 years old and not exceeding 60 years upon expiry of facility or optional retirement age, whichever is earlier
• Permanent employee of Government, GLCs, local councils and selected companies having salary deduction arrangements with the Bank with at least 12 months in service
• Minimum monthly income of RM3,000 (inclusive of gross salary, fixed allowance and other non-fixed income)

Financing Amount

Financing amount of up to RM250,000

Tenure

Financing tenure of up to 10 years

Profit Rate

• Variable Rate is calculated on monthly rest basis
• Competitive financing rates as low as SBR + 3.05% p.a. (equivalent to 3.20% p.a. flat rate at 3 years tenure) with ceiling rate of 15% p.a.

Features / Benefits

• No guarantor required
• Takaful coverage is optional
• No early settlement charges

Payment Method

Salary deduction via Biro Angkasa, Accountant General or employer salary deduction

Payment Table

Profit Rate (p.a.) as low as SBR + 3.05% p.a.

- 6.05% p.a (Effective Rate) / 3.20% p.a (Flat Rate equivalent for 3 years)

- *MBSB Bank's current Standardised Base Rate (SBR) is 3.00% p.a. and ceiling profit rate is at 15%

- Payment tables above are for illustration purposes only

- Terms and Conditions apply

Shariah Concept

Tawarruq

Have you ever wondered how the Shariah aspects of MBSB Bank's Tawarruq products are developed? Now you can explore various topics of Islamic Finance from the SKIL Robo-Shariah-Advisor Module, equipped with advanced knowledge processing capabilities that enables you to learn and understand the true Shariah aspects of Tawarruq. Click here to know more.

Eligibility

• Malaysian citizen aged of 21 years and not exceeding 60 years upon expiry of facility or optional retirement, whichever is earlier
• Permanent employees of public listed companies, GLCs, state GLCs, multi-national corporations, education sector companies and its subsidiaries as listed by the Bank;
• Permanent professional employees of private companies (employee must have a valid Professional certificate);
• Self-employed practicing professional (with valid Professional certificate) with minimum 2 years of establishment of the business/firm
• Minimum monthly income of RM3,500 and RM5,000 (inclusive of gross salary, fixed allowance and other non-fixed income) for Fixed and Variable income respectively

Financing Amount

Financing amount up to RM300,000

Tenure

Financing tenure of up to 10 years

Profit Rate

• Variable Rate is calculated on monthly rest basis
• Competitive financing rates as low as SBR + 8.85% p.a. (equivalent to 6.44% p.a. flat rate at 3 years tenure) with ceiling rate of 15% p.a.

Features / Benefits

• No guarantor required
• Takaful coverage is optional
• No early settlement charges

Payment Method

• Salary deduction via Biro Angkasa, Accountant General or employer salary deduction;
• Financing payment can be made at any of MBSB Bank's nationwide branches or alternatively via electronic payment via Interbank Giro/Instant Transfer or Standing Instruction / Auto Debit.

Payment Table

Profit Rate (p.a.) as low as SBR + 8.85% p.a.

- 11.85% p.a (Effective Rate) / 6.44% p.a (Flat Rate equivalent for 3 years)

- MBSB Bank's current Standardised Base Rate (SBR) is 3.00% p.a. and ceiling profit rate is at 15%

- Payment tables above are for illustration purposes only

- Terms and Conditions apply