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MBSB Personal Loan

MBSB currently offers three different plans for their personal loans and they are known as Mumtaz-i, Afdhal-I, Private Sector PF-i.

 

Benefits of Applying For MBSB Personal Loans Plans

  • It has competitive interest rates from as low as 3.4% per annum
  • The financing tenure can be as high as up to 10 years
  • There is no need to have a guarantor and a collateral to apply for these MBSB personal loans
  • There are no hidden charges when you apply for these MBSB personal loans
  • The time to get the loan approve is quick and short
  • These MBSB personal loans are available in either Fixed Rates or Variable Rates packages
  • They are also open to both Government employees and employees that are not working in the government
  • The monthly instalment can be either done through Biro Angkasa (Biro), over-the-counter, Accountant General (AG) or Employer Salary Deduction

 

Mumtaz-i

Mumtaz-i is a selected personal loan financing package that is only offered to permanent employees that are working in the government sector, Government Linked Companies (GLC) and selected list of companies that already has made a special arrangement with MBSB. The financing amount can go as high as up to RM250000 and the interest rate is based on risk management and it can start as low 3.4% per annum. It is optional for you to buy Takaful Coverage with this personal loan package. In order to apply for this personal loan package, you will have to be in the age range of between 19 years old to 60 years year old and you must not exceed 60 years old upon the expiry of the personal loan.

 

Afdhal-i

Afdhal-i is a selected personal loan financing package that is offered only to contract employees working in the government sector, a selected list of companies by MBSB, individuals with premium and high incomes and permanent employees working in a selected list of companies that has already made a special arrangement with MBSB to exercise the salary deduction facility. The financing amount can go as high as RM400000 and that the amount is also depending on the customer’s eligibility. The interest rate is based on risk management and it can start as low as 4.5% per annum. It is optional for you to buy Takaful Coverage with this personal loan package. In order to apply for this personal loan package, you will have to be in the age range of between 19 years old to 60 years year old and you must not exceed 60 years old upon the expiry of the personal loan or retirement based on whichever comes first basis.

 

Private Sector PF-i

Private Sector PF-I is a personal loan package that offers financing amounts of up to RM300000. It is open to permanent employees working in Public Listed Companies, Government Linked Companies (GLC), State GLC, Multinational Companies, companies in the education sector and its subsidiaries that are listed by MBSB, permanent professional employees with a valid professional certificate working in private companies or self-employed professional practicing individuals with a valid professional certificate and the business or firm has to be established for a minimum of 2 years. The interest rate is based on risk management and it can start as low as ECOF-i + 4.1% per annum or an equivalent rate of 6.5% flat rate for 10 years tenure duration. It is optional for you to buy Takaful Coverage with this personal loan package. In order to apply for this personal loan package, you will have to be in the age range of between 21 years old to 60 years year old and you must not exceed 60 years old upon the expiry of the personal loan or retirement based on whichever comes first basis.