Loan/Financing 

 

Apply for ASB/ASB2 Financing​-i

1. What is ASB/ASB2 Financing-i?

ASB/ASB2 Financing-i is the Term Financing-i Secured against ASB/ASB 2 Certificate. It is an alternative method to invest in ASB/ASB2 other than cash investment. This product is available under Islamic banking which has a fixed monthly payment schedule, offering:

  • Competitive profit rate from as low as SBR + 1.5% = 4.25%. [Current SBR is 2.75%]
  • Financing Margin: Up to 100% + 5% of Reducing Term Takaful financing.
  • Financing Amount: RM10,000 – RM200,000
  • Tenure up to 40 years, or up to 70 years old, whichever come first

Refer to AmBank website for more details.

2. What are the criteria to apply for ASB/ASB2 Financing-i?

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 1,700 per month.
3. How do I apply for the ASB/ASB2 Financing-i?

Starting 21 November 2025, you can apply for ASB Financing easily through AmOnline. Just log in to AmOnline for a faster and more convenient application process.

Go to AmOnline app > tap “More” from the bottom menu > tap “Apply for More Services” > tap “Get Loan/Financing” > tap on “ASB/ASB2 Financing-I”

Alternatively, you may visit our nearest branches or click here to apply for ASB Financing.

4. What are the benefits of bundling my ASB/ASB2 Financing-i 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/ASB2 Financing-i?
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. Can I save my application as a draft?

Yes, you can always complete your application later in More > Apply for More Services > View Application History

7. What happens if my application expires?

If you still wish to apply for a ASB/ASB2 Financing-i, you will need to restart the entire application process.

8. Will I be notified of the application status?

Yes, you will receive an SMS on the status if your application is approved. Alternatively, you can view the application status in AmOnline App: More > Apply for More Services > View Application History.

9. 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)
10. Where can I find my previously submitted applications?

You may find your previously submitted applications in More > Apply for More Services > View Application History.

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