Bank Muamalat Personal Loan

bank muamalat

Personal Financing-i only available for Government and selected Agencies  (PPK)
Choies of floating and fixed interest rates
No guarantor required
Only available for government servants
From RM 5,000 to RM 150,000 available
Minimum 3 years to maximum 10 years repayment
Minimum RM 2,000 of basic income

Bank Muamalat Personal Financing-i is for public sector staffs in Malaysia. This loan provides from RM 5,000 up to RM 150,000 of loan. A borrower will have the option of 3 to maximum of 10 years repayment. There are 2 type of loans which is offered to Federal Government and Government link companies and State Government staffs.

This loan is Islamic compliant that is based on Murabahah and Tawarruq concept. There are no collateral and guarantor requirement for the loan.

Civilian Goverment  (Public Sector only)

Civilian package is only offered to Federal Government, Government link companies and State Government staffs. One can enjoy a 5.5% p.a. interest with Jualah or 5.7% p.a without Jualah. There is also option for floating rate which is BFR + 1.8% with a maximum rote of 11%p.a.

Civilian New

This loan is offered to State Government and related Agencies staffs. The only interest rates available would be a floating rate of BFR +1.8%.


Takaful insurance would be compulsory for the loan this will protect borrower on outstanding settlement amount in case of unfortunate incidents. A 0.55% Stamp duty is chargeable from the amount being loaned. 1% p.a penalty will be imposed based on outstanding amount for any late repayment. Early settlement is possible however there will be Ibra or rebate from the Bank side.


This loan repayment is done with salary deduction. A borrower can deduct maximum 1/3 or 33.33% of his or her salary.


  • Photocopy IC ( Front and back)
  • Most recent 1 month payslip ( Flat rate)
  • Most recent 3 months payslip (Floating rate)
  • Letter of confirmation from employer