Agrobank Personal Loan

Agrobank is Malaysia’s top choice for agriculture financing, offering tailored financial solutions with a strong commitment to Values-Based Banking (VBI). Empowering the agriculture sector with sustainable growth and innovation.

About AgroBank

Established in 1969, Agrobank is actively involved in charting the growth and development of Malaysia’s agriculture industry by offering shariah compliant products and solutions across various customer segments including corporate, commercial, consumer, trade finance and micro financing customers. Agrobank is a full-fledged Islamic bank since 1st July 2015.

As a market driven, customer-centric DFI (Development Financial Institution) with a primary focus on strengthening the agriculture sector in Malaysia, Agrobank strikes an equal balance to its developmental and commercial roles to benefit the agriculture sector.

Agrobank provides a comprehensive repertoire of financing solutions for the agriculture community; that includes upstream activities related to primary food and commodities-based agriculture activities to downstream activities such as processing, marketing and distribution of agricultural products. Agrobank also offers retail banking financing solutions to improve the well-being of the agriculture community.

This is done through its network of 192 customer touch points including 138 branches, 1 agro banking, 1 virtual banking, 10 commercial financing centre, 34 kiosk, 8 agro corners & agro point.

In 2019, Agrobank celebrates its golden jubilee Anniversary, as it marks 50 years of its proud establishment developing the agro industry.

* VBI or value-based intermediation is an initiative by Bank Negara Malaysia (BNM) which aims to improve the products and services offered by Islamic financial institutions towards a better facilitation of entrepreneurship, community well-being, sustainable environment and economic growth, without compromising on shareholders’ returns

Agrobank Consumer Product & Services

Hartani-i (Tawarruq)

Hartani-i provides financing facility to the Government Servant or Private Sector Employees and Stable Income Earner for the purpose to purchase agriculture land.

Purchase of land includes directly purchase from the vendor or through public auction or purchase of land that will be or have been auctioned by Bank Pertanian Malaysia Berhad (Agrobank).

The Bank will only consider the financing if the land to be purchased has the individual title or the land has been sub-divided and/or the land which individual title is to be issued.

Ar-Rahnu

Pembiayaan Ar-Rahnu is a short-term Islamic Pawnbroking Facility that provides customer with instant cash access by accepting gold items as collateral.

AgroCash-i

AgroCash-i is a personal financing facility for customers for the purpose of consumer financing mainly related to agriculture and agro-based activity.
The implementation of the product is based on Tawarruq transactions.

Financing Limit

• Government Employees: Maximum RM200,000
• GLC Staff: Maximum RM200,000

Financing Tenure

10 years maximum

Profit Rates

(Subject to eligibility and current changes)

Description Eligibility Criteria

Profit rate is subjected to eligibility and current conditions changes. Profit rates are as below:

FEDERAL GOVERNMENT

Tenure Profit Rate: Up to 3 years BR + 2.85% p.a ; 4 to 10 years BR + 3.35% p.a

STATE GOVERNMENT/STATUTORY BODY/PIHAK BERKUASA TEMPATAN & GOVERNMENT LINK COMPANY

Tenure Profit Rate Up to 3 years BR + 3.22% p.a ; 4 to 10 years BR + 3.67% p.a

FOR APPLICATION THAT HAS UNSATISFACTORY CREDIT ASSESSMENT

Tenure Profit Rate Up to 10 years BR + 4.25% p.a; Profit rate charged is dependent on the following criteria:

• Existing and new customer
• Good track record as per CCRIS which not exceed MIA-2 for the past 12 months.
• Salary deduction through BPA
• No Rescheduling and Restructuring (R&R) status.
• No Special Attention Account (SAA)

Ceiling Profit Rate (CPR):- BR + 7.15% p.a or 10% p.a whichever is higher for the calculation of Sale Price

Effective Profit Rate (EPR):- At the current profit rate and did not exceed CPR and calculated based on monthly balance

Note : Current BR is at 3.60%

Fee & Charges

Stamp Duty As per the Stamp Act 1949 (Revised 1989).

Advanced Installment

• Advance payment of installments equivalent to three (3) month installment which shall be used as payment of default under the financing.
• Advance installments shall be deducted from the financing amount.
• Advance payment can only be taken prior to financing is matured or settled.
• Brokerage Fee RM 30 per transaction (Subject to Service Tax at rate of 6% (if applicable)

Note: The Bank will notify the Customer at least 21 days’ before effective date should any changes is made to the fees and charges.

Interest Rate / Profit Rate Government Staff Personal Loan BR + 3.35% /p.a

Agrobank Personal Loan Interest Rate / Profit Rate Government Staff Personal Loan BR + 3.35% /p.a

• Government Employees Age between 18 to 60 or up to retirement age whichever is earlier
• Permanent and have served for at least 6 months (confirmed or under probation)
• RM1,000 gross salary per month
• Customer is encouraged to take Skim Takaful Kredit
• Financing Amount : Maximum RM200,000
• Financing Tenure 10 years maximum

GLC Staff Personal Loan BR + 3.67% /p.a

GLC Staff Personal Loan BR + 3.67% /p.a

• GLC Staff Age between 21 to 60 or up to retirement age whichever is earlier
• Permanent staff and has been confirmed with at least one year of service
• RM2,000 gross salary per month
• Customer is encouraged to take Skim Takaful Kredit
• Financing Amount: Maximum RM200,000
• Financing Tenure 10 years maximum

Contact Agrobank Malaysia

Location and Address

Agrobank Malaysia

My office
Leboh Pasar Besar, City Centre,
50050 Kuala Lumpur

Call Center

603-2731 1600
+6 03 2079 0600 (INTL)
Agrobank Contact Centre : 1-300-88-2476

E-Mail

Email us your inquiries to:

customer@agrobank.com.my