AmBank Personal Loan

AmBank (formerly AMMB Holdings Berhad) was founded in Malaysia on 5th August 1975 by Hussain Najadi. It is a financial service provider, offering several banking services such as digital banking, retail banking, business banking, and personal banking. AmBank also provides insurance services, investment banking as well as loans. AmBank offers Shariah-compliant Islamic banking services as well as Takaful products. Personal banking services offered include the AmBank personal loan and financing service which is the main focus of this article. Others include wealth management, saving and current accounts and fixed deposits. The bank is headquartered in the Federal Territory of Kuala Lumpur, Malaysia and is headed by Dato’ Sulaiman Mohd Tahir (CEO), with over ten thousand (10,000) employees.

Subsidiaries of AmBank are:

• AmBank Islamic Berhad
• AmInvestment Bank Berhad
• AmGeneral Insurance Berhad
• AmBank Berhad

AmBank Personal Loans

1. TERM FINANCING-i secured by ASB / ASB2 certificate

Features:

• Financing Amount: Minimum of RM10,000 and maximum of RM200,000
• Financing Tenure: Minimum of 5 years and maximum of 40 years or age 70 at financing expiry; whichever is earlier
• Financing Margin: Up to 100% + 5% of RTT financing
• Profit Rate: As low as the Standardised Base Rate + 2.75% per annum

Eligibility:

• Malaysian Bumiputera individual
• 18 to 65 (at the point of application)
• Photocopy of NRIC
• Photocopy of 3 months latest payslip/bank statement (for salaried income) or 6 months income statements (for non-salaried income)
• ASB/ASB2 mini statement

Clich here to fill out the ASB Lead Form. Information you are to provide while filling out this form iclude:

• Personal Information (salutation, full name)
• Means of identification (IC No/Passport No/Military ID/Police ID)
• Contact information (phone number, e-mail address)

You are expected to prepare all necessary document while waiting for feedback after completing and submitting the ASB lead form.

2. Auto Financing

AmBank has partnered with Tesla to support Malaysia’s goal of becoming carbon neutral by 2050. Therefore, it is essential to promote transportation through electric vehicles. AmBank offers auto financing loans to ensure that its customers can acquire a Tesla smoothly and easily.

Features:

• Vehicle type: New
• Margin of Finance: Up to 90%
• Tenure: Up to 9 years
• Monthly Instalment Payment Method: Auto debit facilities via AmBank Current/-i or Savings/-i OR Online Banking
• Financing Rate: As low as 2.38% (subject to further credit evaluation and final assessment by AmBank/AmBank Islamic)

Eligibility:

• Minimum gross monthly income of RM3,000 and above
• Minimum 18 years old and maximum 65 years old
• Salaried / self-employed / non-individual

Documents Required:

• Photocopy of MyKad and/or customer’s ID (front and back)
• Valid driving license (front and back)
• 6 months income document

Steps to booking your Tesla with AmBank:

1. Visit TESLA website at https://www.tesla.com/en_my You can find out more about TESLA and make your booking at the page. You can also place your interest by completing the form below.
2. Upon booking your TESLA, you will receive your order confirmation via email with AmBank/AmBank Islamic e-form link
3. Input your details and submit. AmBank/AmBank Islamic Auto Finance Sales staff will contact you to assist you on the financing application and status update

3. Personal Financing-i

Features:

• High payout up to 99.5% with competitive pricing
• No advance installments required
• 3 months deferment period (Subject to date of disbursement)
• No guarantor & collateral required
• No monthly membership fee
• Rebate on early settlement
• Takaful coverage (optional)
• Waived wakil & trading fees
• Salary deduction via Biro Perkhidmatan ANGKASA (BPA)
• Profit rate as low as 3.99% fixed rate per annum (effective profit rate as low as 7.09% per annum).

To apply for Ambank personal loan, visit AmBank website or call the customer service number on 009 60 3-2178 8888.