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Consumer Personal Financing
Application


Personal Financing

Introduction

Eligibility


Package

Age

Employment

Minimum Income

Mumtaz-i

Malaysian citizen aged 19 years old and not exceeding 60 years

Permanent employee of Government, GLCs, local councils and selected companies having salary deduction arrangements with the Bank with at least 12 months in service

For Premium Customers: RM15,000 (inclusive fixed allowances)

For other Customers: RM3,000 (inclusive of gross salary, fixed allowances and other non-fixed income)

Afdhal-i

  • Contract employee of Government, GLCs, local councils and selected companies having salary deduction arrangements with the Bank with at least 12 months in service
  • Permanent / Contract employee of listed Private Sector companies having salary deduction arrangement with the Bank
  • Premium Customers - High income employee (contract / permanent) of Government, GLC, SGLC, statutory bodies and selected private companies with at least 5 years in service; For contract employees, the remaining period of the contract must be 12 months or above at the point of application


Package

Age

Employment

Minimum Income

Length of Service

Private Sector

Malaysian citizen aged of 21 years and not exceeding 60 years

  • 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

RM3,500 and RM5,000 (inclusive of gross salary, fixed allowance and other non-fixed income) for Fixed and Variable income respectively

Employed:
  • Executives and above: 3 years or more
  • Non executives: 5 years or more
Self Employed:
  • 2 years of establishment


 

EXPLANATORY NOTES OF APPLICATION FORM
FOR PERSONAL FINANCING-i FACILITY


SECTION A

PERSONAL PARTICULARS OF MAIN APPLICANT
Notes
You know this section better than anyone. Sorry, we can’t help you with them.


SECTION B

FINANCING DETAILS

Facility Applied

Package Applied    Notes
Check the available packages of Personal Financing-i at MBSB Bank. Choose the package that fits your needs, as well as your financial situation.
Product Bundling    Notes
These are other MBSB Bank’s products that you may apply to in addition to Personal Financing-i.

Information on Takaful Coverage

Takaful Coverage    Notes
GCFT is a Takaful scheme to cover a customer who is a covered member against death or permanent disability. GCFT coverage is used in either of these two events to settle the outstanding financing balance. Obtaining GCFT is optional. For more information, check Security measures.

Details of Financing

Financing Amount    Notes
This is the amount of money you need. MBSB Bank will disburse this amount into your account.
Tenure    Notes
This is the period of your monthly payments. Minimum tenure is two years while the maximum is ten years.

SECTION C

APPLICATION FOR PERSONAL FINANCING-I FACILITY
Purpose of Facility    Notes
Indicate the purpose for which you need this money.
Type of Customer    Notes
Indicate whether you are an employee of Government or not.
Payment Mode    Notes
Indicate how you want to make your monthly payments.

PURCHASE APPLICATION AND PROMISE TO BUY
Notes
This is the execution of the Tawarruq agreement.

APPOINTMENT OF MBSB BANK AS A SALES AGENT
Notes
This is the Wakalah for MBSB Bank to execute all sale and purchase transactions on your behalf.

SECTION D

PRIVACY CONSENT NOTICE
Notes
A straight forward language; just read and act accordingly.


SECTION E

Notes
Please read carefully and declare your stand accordingly as needed.