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Financing-i / Personal Financing-i Public Sector
Obtaining cash is now easier with Personal Financing-i. Now you can enjoy easy access to the necessary funds.

Tawarruq

  • Amount of financing up to RM200,000
  • Financing tenure up to 10 years
  • No guarantor
  • Takaful coverage is optional
  • Fixed or floating profit rate
  • Malaysian citizen
  • Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
  • Minimum fixed monthly income of RM1,000 including fixed allowances
  • Service in Public sector, GLC Companies and GLC Subsidiary
  • Minimum of three (3) months in service
  • Installment method as follow:
INSTALLMENT METHOD ELIGIBILITY
  • Salary Transfer to Bank Rakyat
up to RM200,000
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction
  • Electronic Payment

Based on income multiplier or RM200,000 whichever is lower

INCOME ELIGIBILITY
RM 1,000 – RM 5,000 5 times monthly gross salary
RM 5,001 – RM 10,000 8 times monthly gross salary
More than RM 10,000 10 times monthly gross salary

Fixed Rate

PAYMENT TYPE TENURE FIXED RATE
  • Salary Transfer to Bank Rakyat
  • Biro Perkhidmatan Angkasa
  • Salary Deduction

Up to 3 years

4.54%
More than 3 - 10 years 4.99%
  • Electronic Payment

Up to 3 years

 

5.64%
More than 3 - 10 years 6.26%

*Note :

  1. The profit rate above is for financing with takaful.
  2. Additional profit rate up t.o 0.86% over the current profit rate for financing without takaful

Floating Rate

PAYMENT TYPE TENURE PROFIT RATE EFFECTIVE / FLAT
  • Salary Transfer to Bank Rakyat

Up to 3 years

BR + 2.31% 6.41% / 3.40%
More than 3 - 10 years BR + 2.94% 7.04% / 3.96%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
Up to 3 years BR + 2.62% 6.72% / 3.57%
More than 3 - 10 years BR + 3.15% 7.25% / 4.09%
  • Electronic Payment
Up to 3 years BR + 5.12% 9.22% / 4.95%
More than 3 - 10 years BR + 5.65% 9.75% / 5.69%

*Note :

  1. Current Base Rate (BR) is 4.10%
  2. Additional profit rate of 1.5% over the current profit rate for financing without takaful
  3. Ceiling Rate = Effective + 4.00%
DOCUMENTS REQUIRED NEW APPLICATION REPEATED/ OVERLAPPING
  • Copy of MyKad/MyTentera

  • Latest 3 months salary slip

  • Latest 3 months Bank Statements of salary crediting account
 
  • And at least one (1) of the below :
    • Confirmation letter from employer
    • EA Form

 
TRANSACTION CHARGE
Stamp duty 0.5% of total financing as contained in the Stamp Duty Act 1949.
Compensation Charge (Ta'widh) for Late Payment During the financing tenure: 1% per annum on the outstanding amount of the monthly payment.
After expiry of financing tenure: Based on current Islamic Interbank Money Market Rate on the outstanding balance.
Takaful You are advised to take Takaful coverage from Takaful Company appointed by the Bank.
Wakalah or Agency Fee Wakalah or agency fee of RM28.30 inclusive Broker Fee

The published rates, fees and charges are effective until 31st May 2018. Rates, fees and charges will be updated for customer’s viewing at a later date following the implementation of zero-rated GST (0%) from 1st June 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.