| AEON Personal Financing- i | Aeon Personal Loan review |
|---|---|
| No guarantor , security and collateral needed | |
| Fast Approval | |
| RM 1,000 to RM 100,000 of financing available | |
| Maximum from 6 months to 7 years repayment | |
| Lowest 0.8% monthly interest rate (AEON Card members) |
AEON Personal Financing is a personal loan package from AEON credit services Malaysia the same company as AEON Big and AEON Jusco. This loan is Shariah compliant. AEON Personal Financing requires no guarantor, collateral and security deposit. You can finance yourself from RM 1,000 to RM 100,000 with iCash. The interest rates starts at 1.2% per month around 14.4% p.a. and will go lower with higher amount of financing and if you are an AEON card member. The interest can go as low as 0.8% monthly rate which is around 9.6% p.a. if you borrow more than RM 5,000 and you are holding an AEON credit card. The rates published are flat interest rate which is rather high
As for repayment option, this personal loan has a minimum 6 months to maximum of 84 months repayment. This would be one of the shortest repayment option in Malaysia. If you are keen, the AEON iCASH repayment table is available below
To apply for this loan, you will need to make a visit to your nearest AEON Branch. A fast processing is guaranteed for existing AEON credit card holders.
Fees
This loan does not requires any early settlement fees. If you are looking to borrow below RM 10,000 there will be a hefty 4% processing fees which is rather high. A 2% processing fees is chargeable for any amount from RM 10,000 to RM 100,000. The standard 0.5% Stamp fees can be deducted from the amount borrowed. There are no early settlement fees for this loan. All service charges are also subjected to 6% GST.
Eligibility
This loan is only available for Malaysian citizens only.
Documents required
This would be the personal loan where least documents are required. You will only have to bring these two documents during application
- Photocopy IC (Both sides)
- Most recent salary slip
About Aeon Credit
Aeon Credit is part of Aeon Group from Japan. This would be the same umbrella company that owns Aeon Shopping Center (formerly known as Jaya Jusco) and AEON Big Hypermarket. Aeon Credit also has a credit card facilities besides providing financial services.