HSBC Bank Berhad Malaysia is a member of the HSBC Group and was established in Malaysia in 1884 when The Hongkong and Shanghai Banking Corporation Limited established its first office in the country. Not just that, HSBC Bank Malaysia was also granted an Islamic banking subsidiary license in Malaysia in 2007, and the following year HSBC Amanah Malaysia Berhad began its operations. With the most outstanding services and achievements, HSBC Bank Berhad now has a network of more than 50 branches in Malaysia.
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 HSBC offer?
HSBC provides 1 type of personal loan, HSBC Amanah Personal Financing-i.
What are the eligibility to apply for HSBC Amanah Personal Financing-i?
The eligibility for individuals to apply for HSBC Amanah Personal Financing-I are as follows:
Malaysian or Malaysian PR status holder
Between 21 to 60 years old
Minimum monthly income: RM3,000
Why should I choose HSBC Amanah Personal Financing-i?
Financing applies the Shariah concept of Commodity Murabaha (cost plus profit)
HSBC offers to finance:
Existing customer: Up to RM200,000
New customer: Up to RM120,000
The repayment tenure is offered for up to 7 years
Profit rate from as low as 7.5% p.a.
Monthly repayments from RM106
Takaful coverage (optional)
There are numerous other reasons you should choose HSBC Amanah Personal Financing-i.
What are the benefits I can enjoy from HSBC Amanah Personal Financing-i?
HSBC Amanah Personal Financing-i can provide you with the following benefits:
Syariah-compliant, applies the concept of Commodity Murabaha (cost plus profit)
No stamp duty, no processing fee, and no early settlement fee
No guarantor or collateral is required
Flexible repayment tenure up to 7 years
Fast approval
Instant cash disbursement upon approval
*Terms and conditions apply.
What are the documents required for HSBC Amanah Personal Financing-i?
When applying for HSBC Amanah Personal Financing-i, the following documents are required:
Salaried employees
Copy of NRIC, and
Copy of current or previous month’s salary slip, or
Copy of bank statement showing salary credit into your account, or
BE Form (full submission to the income tax department with payment receipts attached), or
EA/ EPF statement, or
Copy of an appointment letter (if employed for less than three months)
Self-employed
Copy of NRIC, and
Copy of latest Form B (full submission to the income tax department with payment receipts attached), or
EPF statement, and
Copy of your audited financial statement/ profit and loss account, and
Copy of your Business Registration form
Variable income earner
Copy of NRIC, and
Latest 3-month salary slip, or
Copy of your bank statement showing salary credits into the account, and
Form BE (full submission to the income tax department with payment receipts attached), or
EPF statement, or
Copy of your yearly commission statements from your employer
What are the fees included in HSBC Amanah Personal Financing-i?
Certain fees apply, including:
Late payment fee
1% on the amount in arrears
Early termination fee
None (1 month’s written notice in advance)
Application processing fees
Currently waived
Who should I contact for further information about HSBC Amanah Personal Financing-i?
For more information or assistance with HSBC Amanah Personal Financing-i,
Contact HSBC Customer Services Helplines at 1-300-80-2626
