CBP Personal Financing-i Al Yasser

CBP Personal Financing-i Al Yasser is a financing facility specifically for government servants. This fast approval financing also offers a lower profit rate than other financing packages out there.

Best for: Personal use or debt consolidation due to the lower profit rate.

Income requirements: Minimum RM2,000/month

Pros:

• Fast approval (3 working days)
• High financing amount (max RM400,000)
• No guarantor/collateral needed

• What is the maximum financing amount?

  Minimum of RM5,000, maximum of RM400,000.

• What is the financing tenure?

  Maximum of 10 years or until retirement age of 60 is reached, whichever comes first.

• What are the eligibility requirements?

  • Citizenship: Malaysian
  • Employment: Permanent government servant
  • Income: Minimum RM2,000/month
  • Age: Between 18 – 58 years old. If you apply for it at 53, this means your maximum tenure can only be 5 years or when you reach 58 years old.
  • Takaful protection: Compulsory

• How long should I wait for my personal financing approval?

  Within 3 working days upon submission of your information and documents.

  To speed up the process, you can complete the application through iMoney where our call centre consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.

  Next, CBP will require an average of 3 business days (excluding Saturday, Sunday, and public holidays) to approve and disburse your cash to you.

• What are the fees and charges?

  One-time set-up fee: A stamp duty fee of 0.5% on financing amount will be deducted upfront before your financing amount is given to you or disbursed to you.

  Broker fee: RM50

  Will fee: RM300

  Early settlement fee: None

  Late penalty fee: None

  Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.

• What is the profit rate breakdowns?

  Peribadi-i Al Yasser Awam (Civil servant/ Statutory bodies / GLCs)

  • Financing tenure 1-3 years
  • Payment method BPA
  • Profit rate: 3.45%

   

  Peribadi-i Al Yasser Awam (Civil servant/ Statutory bodies / GLCs)

  • Financing tenure 4-10 years 
  • Payment method BPA
  • Profit rate 3.75%

   

  Peribadi-i Al Yasser Swasta Potongan Gaji Majikan-PGM

  • Financing tenure 1-3 years
  • Payment method PGM (employer's salary deduction)
  • Profit rate 3.45%

   

  Peribadi-i Al Yasser Swasta Potongan Gaji Majikan-PGM

  • Financing tenure 4-10 years 
  • Payment method PGM (employer's salary deduction)
  • Profit rate 3.75%

   

  Peribadi-i Al Yasser Swasta

  • Financing tenure 1-10 years
  • Payment method BPA
  • Profit rate 4.29%

   

  Peribadi-i Al Yasser Swasta

  • Financing tenure 1-10 years 
  • Payment method PDC (post-dated check)/Standing instruction / others
  • Profit rate 4.69%

   

  Peribadi-i Al Yasser Swasta

  • Financing tenure 1-10 years
  • Payment method PDC (post-dated check)/Standing instruction / others
  • Monthly income above RM10,000
  • Profit rate 4.49%

• What are the required documents?

  Once you have completed your application with iMoney, you are required to provide the following documents for your application:

  • Copy of NRIC (front and back)
  • Latest 3 months’ salary slips
  • Latest 3 months’ (most current) bank statements
  • Confirmation letter by current employer
  • Redemption letter

• Does CBP Personal Financing-i Al Yasser require collateral?

  No collateral is needed for this financing solution.

• How much do I have to pay monthly?

  As with any personal financing, you will have to make monthly repayment which comprises principal amount and a profit margin.

  How much you pay per month depends on your financing amount, tenure and profit rate.

  Use our personal financing calculator above to estimate your monthly repayment.

• How do I make my repayment?

  Biro Perkhidmatan Angkasa (BPA)

• Can I do an early settlement for CBP Personal Financing-i Lestari?

  This depends on your repayment methods. If you're making your repayments via the BPA, then early repayment will not be possible. However, other repayment methods are open for early settlement, and a rebate can be paid to you at the financial institution's discretion.

• What is the Debt Service Ratio for CBP Personal Financing-i Lestari?

  You can find the DSR table for CBP Personal Financing i-lestari right here.

• This is my first personal financing, can I apply?

  Yes, you do not need a prior history of personal financing to apply for this product.

• How to check on my CBP Personal Financing-i Lestari approval?

  You can check your approval status on their e-semakan website.

• My application is not successful. Can I know what the reasons are?

  Normally financial institutions won't reveal their reasons for rejection, so it's up to you to check your credit report for an assessment of your financial health.

• Can I apply if I have a bad CCRIS/CTOS/credit score?

  Unfortunately, no. CBP will check your credit history as part of their approval process. You are advised to settle all overdue payments before applying and keep a healthy credit record before you apply for any personal financing or loan. We also highly recommend that you continue repaying your financing on time for another three months before reapplying.

  Check your iMoney CreditScore for free to find out how your credit health is.

• If you are looking for other personal financing, you may also consider

  AEON i-Cash Personal Financing

  If you are looking for a personal financing with lower income requirement, this personal financing considers applicants with a minimum income of RM1,500. With a maximum financing amount of RM100,000, this Islamic financing comes with attractive rates from 7.92% per month. The age requirement is also wider where Malaysians between 18 and 65 years old qualify.

  Bank Rakyat Personal Financing-i Public Sector

  Bank Rakyat Personal Financing-i Public Sector is also a personal financing facility exclusively for government servants. However, it has a much lower minimum income requirement of RM1,000.