AEON Bank (M) Berhad (AEON Bank) has launched Personal Financing-i (PF-i), a fully digital and Shariah-compliant financing option that does not require collateral.
PF-i is available for all Malaysian citizens aged 18 to 55 years old who earn a monthly income of RM3,000 or more. This includes gig workers, families with multiple financial responsibilities, and those looking for flexible financial options.
Eligible applicants can receive funding between RM1,000 and RM10,000, with repayment plans of 3, 6, 9, 12, 18, or 24 months. This financing is Shariah-compliant and requires no collateral. It has a Flat Profit Rate of 6.88% per year, with an Effective Profit Rate between 10.29% and 12.70% per year. Additionally, there’s a low RM1.00 Wakalah Fee when you accept the financing, making it easier to access.
“Upon the launch of AEON Bank in May 2024, our vision was clear – to foster financial inclusion and serve the larger demographic of Malaysians by offering accessible digital banking services and technology-driven solutions via our mobile app. Now, the introduction of Personal Financing-i marks another milestone in this journey. We are not just introducing a product; we are building a financially inclusive ecosystem that prioritises sustainable Shariah-compliant digital banking and long-term financial empowerment. With the launch of PF-i, we aim to make it possible for more Malaysians to take charge of their financial well-being — be it through managing their financial needs for individuals or family, seizing new opportunities, or planning for a more secure future in an evolving digital economy,” said the CEO of AEON Bank (M) Berhad, YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz.
Seamless and Convenient App-Based Application Process
The application process for AEON Bank’s Personal Financing-i is completely online, enabling applicants to use the AEON Bank mobile app without dealing with physical paperwork or visiting branches. Customers simply need to follow these key steps to apply for PF-i:
- Active Savings Account-i pre-requisite : Applicants must have a valid and active AEON Bank Savings Account-i, prior to applying for the PF-i.
- Eligibility check and employment details: Applicants must be Malaysian citizens aged 18 and above, earning a minimum monthly gross income of RM3,000, either as salaried employees or self-employed workers.
- Financing selection: Applicants may choose their preferred financing amount and repayment tenure, with six flexible options ranging from 3, 6, 9, 12, 18 to 24 months.
- Document submission: Applicants must upload their latest EPF statement reflecting their latest 6-month contributions (for salaried workers) or their latest 6-month bank statement (for self-employed workers).
- Approval and fund disbursement: Applications will be processed immediately and upon approval, funds will be disbursed directly into the applicant’s AEON Bank Savings Account-i. Repayments will be automatically deducted via monthly auto-debit.
Once the application is successful, customers can seamlessly track and manage their financing plans anytime, anywhere within AEON Bank’s secure digital banking app. This digital-first approach ensures a fast and user-friendly experience, eliminating the complexities of traditional financing applications.
Exclusive AEON Point Rewards for Early Applicants
From 5 till 31 March 2025, as part of the PF-i launch promotion, the first 500 eligible customers will receive guaranteed AEON Points based on their approved financing amount, upon a successful disbursement of their PF-i fund:
- RM1,001 – RM3,000 : Earn RM10 worth of AEON Points
- RM3,001 – RM5,000 : Earn RM15 worth of AEON Points
- RM5,001 – RM7,000 : Earn RM30 worth of AEON Points
- RM7,001 – RM10,000 : Earn RM50 worth of AEON Points
Note : The AEON Points will be credited into the applicants’ account 30 days after disbursement
Click on this link to view the Personal Financing-i video or visit AEON Bank’s website and click on the ‘Personal’ tab and then ‘Financing’ tab, meanwhile on the AEON Bank app, click on the tab ‘Financing’ at the bottom of the app.