What do I get from AFFINBANK SMEmerge-i Start Up Financing?

You will get a total financing amount according to your approval, up to RM300,000. The tenure, financing margin and the profit rate will be determined during your application.

Who can apply for this Islamic start up business loan?

Affin Islamic Personal Financing-i is open for any pensioned civil servants and army retirees who receive a monthly pension under “Pension Scheme A”, which includes surviving wives/husbands who are under the pension scheme. Civil servants who are still employed under the Federal or State government are also eligible to apply.

Do I need a guarantor or collateral for this loan application?

Affin Bank's SMEmerge-i Start Up Financing does not need any collateral, but you will need a guarantor.

AFFINBANK SMEmerge-i Start Up Financing

Name: iMoney Malaysia
Address: 25-01, Level 25, Tower B, The Vertical Business Suites, No. 8, Jalan Kerinchi,, Bangsar South, Kuala Lumpur, 59200, MY

Profit Rate

14.56% p.a. ~ 14.56% p.a.
Max. Financing Amount

RM 300,000

Calculate your financing repayment instantly

I want to borrow

for

year(s)

You Pay: RM 89 /mth

Profit Rate

Total Profit Payable: RM 70

Total Repayment: RM 1,070

More details

Features

Min. Financing Amount

RM 100,000

Max. Financing Amount

RM 300,000
Eligibility & Required Documents

Employment Eligibility

Business operations within 6 to 24 months

Age Requirement

21-50 years old

Min. Monthly Business Sales

RM 0
Fees and charges

Processing Fees

Free

Last updated: Oct 8, 2024

How do you apply for a business loan online?

Step 1

Find the best business loan with our comparison table, then click the Apply button of your preferred loan to leave your contact details.

Step 2

Our friendly business loan consultant will call you. They will help to answer any questions and submit your application to bank.

Step 3

After your loan application is submitted to the bank, a representative from the bank will call you and get your loan approved in 5-7 business days.

More details about the product

Affin Bank's Affin Islamic Personal Financing-i is a financing facility utilizing the Shariah concept of Tawarruq which caters for civil servants, government and army retirees as well as selected private sector segment. With Affin Islamic Personal Financing-i, you can get a maximum financing amount of RM250,000.

You will get a total financing amount according to your approval, up to RM300,000. The tenure, financing margin and the profit rate will be determined during your application.
Affin Islamic Personal Financing-i is open for any pensioned civil servants and army retirees who receive a monthly pension under “Pension Scheme A”, which includes surviving wives/husbands who are under the pension scheme. Civil servants who are still employed under the Federal or State government are also eligible to apply.
Affin Bank's SMEmerge-i Start Up Financing does not need any collateral, but you will need a guarantor.

Features

Eligibility & Required Documents

Fees and charges