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Shariah Compliant Personal Financing (i-FUND)

Payment Simulation

Why choose OmegaCentury 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 an online platform. No more walk-in to our premises.

  4. Social Distancing

    Avoid human interaction during the 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 OmegaCentury approval)

Documents