Products

Financing-i / Home Financing-i
Bank Rakyat presents the best deal to help you own your dream home.
  • Under Construction
  • Completed / Auction / Subsale
  • Refinancing
  • Purchase and Redemption of Residential Land
  • Construction of House
  • Age not less than 18 years old on the date of application and not more than 70 years old at the end of financing tenure
  • Not bankrupt
  • No bad records with any other Banks or financial institutions
  • Joint Application is allowed and must be related / direct family members:
    1. Husband / Wife
    2. Parents
    3. Children
    4. Siblings
Financing up to 95% including MRTT / Legal Fees / Valuation Fees
Package
Financing with MRTT
Financing  without  MRTT

Home Financing-i

 

 

Financing Amount

Profit Rate

Financing Amount

Profit Rate

Below RM200,000

BR + 1.30%

Below RM200,000

BR + 1.40%

 

RM200,000 - RM349,999

BR + 1.00%

RM200,000 - RM349,999

BR + 1.10%

RM350,000 & above

BR + 0.80%

RM350,000 & above

BR + 0.90%

 

Base Rate (BR): 4.10%

MRTT = Mortgage Reducing Term Takaful

Effective Financing Rate for Home Financing-i
Financing amount of RM350,000, 30 years tenure, no lock-in period
Reference  Rate p.a. Base Rate (BR) = 4.10%
 (On and after 06 February 2018)
Profit Rate p.a. BR + 0.80%
Effective Financing Rate p.a. 4.90%

Maximum financing period 35 years or aged 70 years; whichever is earlier.

ITEMS CHARGE
Wakalah or Agency Fee Wakalah or agency fee of RM30.00 (inclusive 0% GST)
Custodian of security documents after full settlement. RM10.00 per set per month (inclusive 0% GST)
Issuance of statement for EPF withdrawal. RM15.00 per document (inclusive 0% GST)

  • Biro Perkhidmatan Angkasa
  • Salary Deduction
  • Savings Account-i Deduction
  • Electronic Payment
Category Document

Fixed Income

  • Copy of MyKad; or
  • Authority Card (Police / Military)
  • Latest 3 consecutive months salary slips
  • Latest 3 months of bank statement
  • Latest EPF statement / EA form
  • Confirmation Letter of Employment

Non Fixed Income

(Source from Business)

 

 

  • ​Copy of MyKad; or
  • Authority Card (Police / Military)
  • Latest 6 months bank statement (Individual / Business)
  • Business registration / Form 24 or 49
  • B Form with Payment Receipt​

Property Documents

  • Sale & Purchase Agreement
  • Copy of Title
  • Offer to Purchase from Developer
  • Booking Receipt
  • Memorandum of Sale: Auction
  • Valuation Report: Completed / Auction / Subsale / Refinancing / Construction of House
The published rates, fees and charges are effective from 1st November 2018 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.

For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

*Terms and conditions apply.