If solar power has been on your mind, Bank Muamalat is offering Visa Credit Card-i holders a 0% Instalment Payment Plan (IPP) for solar PV purchases, letting cardholders spread the cost over time.
0% Applies To Shorter Tenors
A 6 or 12-month tenor gets you 0% profit, as long as you spend at least RM500 for 6 months or RM1,000 for 12 months in a single receipt. Choose a longer tenor and a one-time profit charge applies instead, depending on your card type.
Cancelling Your Card Has A Cost
If you cancel or terminate your credit card before settling the plan, the full outstanding IPP amount becomes payable immediately, with a profit charge of up to 18% per annum applied on any unsettled balance.
You can apply for the IPP through Bank Muamalat’s official portal. For enquiries, contact BMMB Customer Service at 03-2600 5500.
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