Loan/Financing 

 

Apply for ASB Financing​

1. What is ASB Financing?

ASB Financing is the Term Financing Secured against ASB/ASB 2 Certificate. It is an alternative method to invest in ASB other than cash investment. This product is available under Islamic banking which has a fixed monthly payment schedule, offering:

This product is available under Islamic banking which has a fixed monthly payment schedule, offering:

  • Profit Rate starting from SBR + 2.75% (Effective rate 5.75%).
  • High Margin of Financing up to 105% (including 5% Reducing Term Takaful).
  • Enjoy financing tenure up to 40 years or age of 70 at the end of tenure, whichever comes first.

Refer to AmBank website for more details.

Note: Effective 30 September 2024, ASB Financing applications via AmOnline will be temporarily unavailable until further notice.

If you are interested, please visit our nearest branch or click here to apply for ASB Financing.

2. What are the criteria to apply for ASB Financing?

You can only apply if you:

  • Are Malaysian Bumiputera Individual
  • Have ASB or ASB2 fund.
  • Are aged between 18 – 65 (Age at next birthday).
  • Have a minimum gross income of RM 1,000 per month.
3. How do I apply for the ASB Financing?

Effective 30 September 2024, ASB Financing applications via AmOnline will be temporarily unavailable until further notice.

If you are interested, please visit our nearest branch or click here to apply for ASB Financing

4. What are the benefits of bundling my ASB Financing with Takaful?
  • Single Contribution Group Family Term Takaful Plan.
  • Reducing Sum Covered throughout the certificate years. (Reducing Term Takaful)
  • Financial Protection against Death or Total & Permanent Disability (TPD).
  • Covers outstanding balance of the ASB Financing in the event of Death or TPD.
  • Shari’ah-compliant protection plan.
5. Why do I need to have a current or savings account/-i to apply for the ASB Financing?
This allows you to set up an Auto Debit instruction for monthly repayment. If there is any excess to takaful payment/refund, it will be refunded to your current or savings/-i account as well.
6. How do I pay the monthly installments?

There are a few ways to pay your monthly installments:

  • Transfer via AmOnline Web or Mobile App (You can choose to pay once, or set up a recurring payment that automatically pays every month)
  • Direct Debit standing instruction from AmBank Savings/Current Account or AmBank Islamic Savings/Current Account-i
  • By cash at any AmBank/AmBank Islamic branches nationwide
  • By cash through Cash Deposit Machine (CDM) or Automated Teller Machine (ATM)

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