MD Personal Financing/-i

Islamic Financing
  • Profit Rate
    15.00% p.a. ~ 18.00% p.a.
  • Max. Financing Amount
    RM 50,000
  • Approval Duration
    Up to 72 working hours

MD Capital Loan Calculator

RM
year(s)
RM
You Pay
RM 89 /mth
Profit Rate
Total Profit Payable
RM 70
Total Payment
RM 1,070

Key Features

Repayment period from 12 months to 60 months with financing amount from RM5,000 to RM50,000.

Repayment period from 12 months to 60 months with financing amount from RM5,000 to RM50,000.

Competitive interest rates for student loans, debt consolidation and even home improvements.

Competitive interest rates for student loans, debt consolidation and even home improvements.

Competitive interest rates for student loans, debt consolidation and even home improvements.

MD Islamic Financing is a certified Shariah-compliant financing product.

More details

  • icon Features Features

    Approval Duration
    Up to 72 working hours
    Min. Financing Amount
    RM 5,000
    Max. Financing Amount
    RM 50,000

    Other features

    Disbursement
    Up to 72 working hours
    Debt Consolidation
    Yes

  • icon Eligibility & Required Documents Eligibility & Required Documents

    Employment Eligibility
    Confirmed and permanent employee
    Age Requirement
    21
    Min. Monthly Salary
    RM 4,000

    Other eligibility requirements

    Applicant
    Malaysian citizen or foreigner working in Malaysia.
    Minimum household income
    The applicants are required to meet a minimum combine monthly household income of RM4,850
    NRIC
    Front & back
    Income Documents
    3 months payslip and latest EPF statement
    Bank statement
    Latest 3 months bank statement
    Utility bill
    Latest utility bill

  • icon Fees and charges Fees and charges

    Processing Fees
    2% of Financing Amount ( Maximum is capped at RM500 )
    Stamp Duty
    As stated in the Stamp Duty Act 1949 (Revised 1989)

    Other fees and charges

    Handling Fees
    RM75
Last updated: Sep 22, 2024

Still unsure about which product best suits you?

Leave your details and our friendly agents will get back to you!

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How do you apply for a personal financing online?

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Step 1

Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.

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Step 2

Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.

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Step 3

Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.

More details about the product

The MD Personal Financing/-i is an unsecured Islamic personal financing that can be used for a variety of purposes including education fees, debt consolidation, business investment, medical expenses and home improvements.

Income requirements: This personal financing is open to those whose family earnings is RM4,000 and above a month.

Financing Amount: Minimum amount of RM5,000 to a maximum amount of RM50,000

 Product Disclosure Sheet - MD Personal Financing/-i

  • MD Capital is a license credit community with a certified Shariah-compliant license to offer islamic and conventional personal financing.

  • Income: Your minimum household/family income must be at least RM4,000 per month, or RM48,000 a year.

    Age: To qualify, you must be between the age of 21 and 60. This means, your age must not exceed 60 at the end of the financing tenure. For example, if you are taking up the financing at age 56, the maximum financing tenure you can qualify for is only 4 years, instead of the maximum 5 years.

    Other qualifying criteria: You must be a Malaysian citizen or foreigner working in Malaysia.

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

    1. IC photocopy both sides
    2. Latest 3 months pay slip
    3. Latest 3 months bank statement
    4. Latest KWSP statement
    5. Latest Utility Bill

  • The maximum financing you can borrow is RM50,000 and the minimum financing amount if RM5,000.

  • Financing tenure means the period of your financing. The maximum financing tenure for MD Personal Financing/-i is 12 months to 60 months. Why does this matter? The longer your financing tenure is, the lower your monthly repayment will be. But it also means higher profit charges.

  • MD Personal Financing/-i offers a profit rate as low as 1.25% to 1.5% per month.

  • Handling Fees:
    RM75

    Stamp Duty:
    As stated in the Stamp Duty Act 1949 (Revised 1989)

    Processing Fees:

    2% of Financing Amount ( Maximum is capped at RM500 )

  • The MD Personal Financing/-i can take up to 48 working hours to process and approve your financing upon receiving all your information and documents. To speed up the process, you can complete the application through iMoney where our call centre consultant will walk you through the eligibility checker, application form, and advise you on required document submission.

  • As with any personal financing, you will be required to make monthly repayment, which comprises of principal amount and profit charge.

    How much you pay per month depends on your financing amount, tenure and profit rate. For example, if you are borrowing RM25,000 with a profit rate of 18% over 3 years, your monthly repayment will be around RM1,069.

    Use the personal financing calculator above to calculate your monthly repayment.

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