Products

Financing-i / Home Financing-i (Shophouse / Commercial)
Bank Rakyat offers financing for shophouse / commercial properties.
  • Under Construction
  • Completed / Auction / Subsale
  • Higher margin of finance
  • Malaysian Citizen
  • 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. The applicants must be in relation as follow:
    1. Husband / Wife
    2. Parents
    3. Children
    4. Siblings

Financing up to 90% including MRTT / Legal Fee / Valuation Cost

Package
Financing with MRTT

Shophouse / Commercial Lot

 

Financing Amount Profit Rate
Open BR + 1.50%

Base Rate (BR): 4.10%

MRTT = Mortgage Reducing Term Takaful

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 NRIC; 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.