AmBank Group was the sixth-largest banking group in terms of assets and was listed on Bursa Malaysia’s Main Market in 1988. AmBank also serves over three million individual and corporate customers by providing a wide range of services, including wholesale banking, business banking, retail banking, investment banking, and related financial services such as Islamic banking, general insurance, and more than you can imagine! In Malaysia, AmBank Group currently has 175 branches and 766 ATMs, and the main headquarters is located on the Ground Floor, AmBank Tower, 8, Jalan Yap Kwan Seng, Kampung Baru.
What is a personal loan?
A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement. Personal loans can be divided into secured loans (backed by collateral) and unsecured loans (no collateral required).
What type of personal loan does AmBank offer?
AmBank provides 1 type of personal loan, Personal Financing-i.
What are the eligibility to apply for Personal Financing-i?
The eligibility for individuals to apply for Personal Financing-i are as follows:
Malaysian citizen
Between 18 to 60 years (depending on the retirement age at maturity of financing, whichever is applicable)
Minimum monthly income of RM1,500
Minimum annual income of RM18,000
Permanent position of not less than 3 months as a government and GLC employee
Why should I choose Personal Financing-i?
Financing is applying the Shariah concept of Tawarruq, Murabahah, Wa`d, and Wakalah
AmBank offers to finance amounts up to RM200,000
The repayment tenure is offered for up to 10 years
