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 Business

AmBank Islamic introduces Personal Financing-i

31st December, 2020

KUALA LUMPUR: AmBank Islamic has introduced Personal Financing-i to cater to employees of the federal and state governments, selected agencies, government-linked companies (GLCs) and statutory bodies.

In a statement on Wednesday, AmBank Islamic said Personal Financing-i is a Shariah-compliant financing facility offering financing amount of up to RM200,000, which requires no guarantor, collateral and even any lock-in period.

“The product also features a three-month payment holiday at the inception as an added benefit. Hence, the first payment will only commence on the fourth month after disbursement. Besides that, the Personal Financing-i comes with an optional Takaful coverage by AmMetlife Takaful Bhd,” it said.

AmBank Islamic chief executive officer, Eqhwan Mokhzanee said the financing facility, along with its attractive offerings, was developed specifically for customers who require financial flexibility to tide them over, especially during these trying times.

With the launch of Personal Financing-i, AmBank Islamic aims to offer a financing facility which is adequately flexible for various purposes, including education, emergency or other expenses. –Bernama

   
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