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Muamalat Personal Financing (Tawarruq-i)
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Malaysian Armed Forces


No
Term
Definition
1
Purpose
For personal use
2
Who Eligible
All Malaysian Armed Forces Under Scheme A with monthly pension credited with BMMB
3
Financing Tenure
Minimum: 3 years
Maximum: 15 years (Maximum age of 70 at the end of financing tenure)
4
Financing Amount
Minimum: RM5,000-00
Maximum: RM200,000-00
5
Margin of Financing
None
6
Profit Rate
5.50% Flat p.a. / BFR + 1.80% (Capping at 11.00%)
7
Ju'alah Rate
None
8
Mode of Payment
Monthly deduction from Pension - BMMB Saving Account
9
Advance Payment
None
10
Security Deposit
One month installments
11
Broker Fee
RM40-00
12
Stamp Duty
Ad Valerom
13
Wasiat / Will-Writing
Compulsory
14
Takaful
Compulsory
15
Guarantor
None (case to case basis if applicable)
16
CTOS Checking
Yes
17
CCRIS Checking
None
18
Documents Required
Copy of NRIC (front and back);
Copy of Pension Card;
Pension Ledger and BMMB Saving Passbook.
19
Applicant's Eligibility
Repayment Capacity:
1/3 or 33.33% of Net Pension
Pension:
Pension credited with BMMB and paid by JHEV

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