Times are tough. Lockdowns all over the world to combat Covid-19, including the various iterations of the movement control order (MCO) in Malaysia, have disrupted not just our freedom of movement; some of us are experiencing reduced income or job loss, or otherwise added financial constraints due to family member’s reduced/loss of income. The more blessed of us are growing bored and maybe also getting nutty from being stuck at home.
As the lockdowns prolong amidst persistently high cases of Covid-19, the more pessimistic of us can’t help but worry about the sustainability of our jobs and incomes.
While most of us run no immediate risk of failing to put food on the table, all of us could nonetheless use the extra cash during these trying times. The extra cash would help ease the financial constraints we already face or risk facing due to the continual onslaught of Covid-19 on our lives and livelihood.
We can pump in the extra cash at least to pare down our debts, especially those with high profit rates, such as outstanding credit card balances which are not included in the six-month moratorium on credit facilities.
The extra cash in hand would be handy to take on the home repairs we’ve been putting off, or to purchase a faster laptop to preserve the sanity of our children learning from home.
We can as well use the extra cash to put in a higher down payment for a new car to save on its financing amount on top of the savings from the vehicle sales & service tax (SST) exemption/discount or start a home-based business to supplement our income.
Instead of dreaming of what you can do with the extra cash, why not take up a personal financing and make them a reality?
With the low base rates, we now can take up personal financing at low costs too. The Bank Islam Personal Financing for Professional Program, for example, offers very attractive rates from as low as 4.20% p.a. for financing of up to RM300,000 for up to 10 years.
Indeed, taking a personal financing with a low profit rate would be preferable to dipping into our retirement savings at the Employees Provident Fund (EPF) via the i-Citra withdrawal scheme.
What’s special about Bank Islam Personal Financing for Professional Program
- Specially tailored for professionals: Covers Doctors, Dentists, Veterinarians, Pharmacists, Optometrists & Opticians, Engineers, Architects, Accountants, Lecturers, Actuaries, Safety Officers, and Quantity Surveyors. (Click the respective profession for more details on profession-specific requirements, monthly payment schedule etc.)
- High financing limit: from RM10,000 to RM300,000.
- Competitive rate: from as low as 4.20% p.a. (Profit is calculated on a monthly basis based on “Sum of Digit”).”).
- Takaful coverage: Available Takaful protection plan coverage against death and permanent disability.
- Fast application: Apply through Bank Islam’s friendly application medium seamlessly at your convenience – link on its website or “Snap n’ Apply” from your phone.
- Doorstep banking: Save yourself a trip to the bank. Let the bank come to you!
- No processing fees.
- No guarantor needed.
- No collateral needed.
- No hidden charges.
Be it to tide through the tough times; consolidate your debts to reduce your monthly commitment, save more and get yourself more breathing space, financially; or for home improvement, home-based business, or fancy big-ticket item purchases – if you’re a professional and need/want financing, look no further than Bank Islam Personal Financing for Professional Program.
