Why choose JCL i-FUND Personal Financing?

1. Shariah Compliant Financing
   • Shariah financing based on the concept of Tawarruq.
2. Fast approval
   • Approval within 3 working days.
3. Convenience
   • Everything is at your fingertips. It can be done from anywhere, anytime by using online platform. No more walk-in to our premises.
4. Social Distancing
   • Avoid human interaction during Covid-19 pandemic.
5. No early-settlement fee
6. Documentation
   • Minimal documentation requirement.

Eligibility

1. Malaysian citizens only.
2. 18 to 60 years old.
3. A minimum gross income of RM 1,000.00 is required.
4. The minimum financing is RM 1,000.00 while the maximum is RM 50,000.00.

Documents Needed

Salaried employee

1. A copy of identity card (IC).
2. Latest 3 months of salary slips.
3. Latest 3 months of bank statements.
4. Latest utility bill (water or electricity).

Self-employed

1. A copy of identity card (IC).
2. Latest SSM.
3. Latest 6 months of company’s bank statements.
4. Latest 3 months of personal bank statements.
5. Latest utility bill (water or electricity).

Fees & Charges

1. Processing Fee: RM 50.00
2. Stamp Duty: As per the Stamp Act 1949 (Revised 1989)
3. Wakalah Fee: RM 25.00
4. Takaful fee: RM 24.30 – RM 509.20 (“subject to Takaful Provider discretion on pricing and approval”)

Profit Margin

Profit margin: 18% – 20% per annum. (Subject to JCL approval)

Documents