Agrobank is a continuity of the former Bank Pertanian Malaysia which has 40 years of experience in agricultural banking and an excellent track record in shaping and developing successful entrepreneurs.
AgroCash-i (Bai’ Al-Inah) Personal Loan
Provides financing facility for personal consumption purposes specifically related to agriculture base activity.
Eligibility:
- Government Servant
- Repayment method is through Biro PerkhidmatanAngkasa (BPA)
- Allowable BPA deduction is not more than 60% (including this financing)
- Confirmed and permanent Government Servants. For contract staff, a permanent and confirmed staff must stand as guarantor
- Aged between 18 to 60 years old or before the retirement age (whichever is earlier)
- Minimum gross income (including fixed allowances) of not less than RM 1,000 per month
- Selected Government Linked Company (GLC)
- Repayment method is through Biro PerkhidmatanAngkasa (BPA)
- Allowable BPA deduction is not more than 50% (including this financing)
- Confirmed and permanent selected GLC’s employees who has been in the employment of not less than three (3) months
- Aged between 21 to 60 years old or before the retirement age (whichever is earlier)
- Minimum gross income (including fixed allowances) of not less than RM 2,000 per month
Customers can enjoy a financing limit up to RM100, 000.Financing period is up to 120 months (10 years).Financing provides Takaful protection scheme which is compulsory for customers.
Hartani-i
Provided to staff from government / private sector, through the Al-Bai’ BithamanAjil (BBA) concept. Facility provides to the individual who have a fixed income which plan to buy and developed land under the Al-Bai’BithamanAjil (BBA) concept.
Eligibility:
- Malaysian citizen and reside in Malaysia
- Offer to all staff from government/private sector
- For Government sector; gross salary included Fix allowances not less than RM 1,500.00/ month
- For Private sector; gross salary included Fixed allowances not less than RM 2,000.00/month
- For the individual other than the two categories, the monthly income must be stable and affordable
- Age21 – 60 yrs (On the maturity date of funding)
Ar-Rahnu
An Islamic pawn broking scheme based on Syariah principles of Al-Qard, Al-WadiahYadDhamanah and Al-Ujrah which provides a sources of immediate loan to assist individuals in overcoming cash-flow needs, offering business opportunities as well preventing from illegal/unlicensed loan activities. Benefits of the loan:
- Interest free loan according to Syariah principles
- Fast, easy and safe. Safety of jewellery is guaranteed
- Cheaper (Safekeeping fee from RM0.50)
- Fixed safekeeping fee throughout the pawn tenure
Required Documents for loan application:
- Photocopy of Identity Card
- Photocopy of latest three (3) monthspayslip
- Employer’s Confirmation Letter
- Bank statement where the salary being credited