Personal Banking

Financing-i / Education Financing-i
Take a step towards achieving your aspirations! With a Bank Rakyat Education Financing-i, you are able to focus on your studies while we take care your financial needs.
  • Malaysian Citizen
  • Minimum age of 18 years old and maximum 70 years old at the end of the financing tenure
  • Minimum fixed monthly income of RM2,000
  • Financing up to RM1,000,000
  • Tenure up to 20 years (inclusive of grace period)
  • Grace Period based on study period OR maximum four (4) years; whichever comes first
  • Takaful coverage are optional
  • Guarantor is required
  • Collateral :
    Financing Amount (RM) Value Of Collateral
    ≤250,000 No collateral
    250,001 – 500,000 50% from financing amount
    >500,000 to 1 million

    75% from financing amount

    Type of collateral acceptable by the bank :
    • Mortgage
    • Term Deposit-i Account Bank Rakyat
    • Unit Trust Amanah Saham Bumiputera (ASB)
  • Salary Transfer to Bank Rakyat
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
SBR + 4.50%
  • Electronic Payment

SBR + 6.50%

*Note :

  1. Current Standard Base Rate (SBR) is 3.00%
  2. Additional profit rate of 1.50% over the current profit rate for financing without takaful
  3. Ceiling Rate = Effective + 4.00%
  Fixed Income Non Fixed Income
Documents Public Private Pensioner Business Owner/ Professional Commission Earners
Copy of Mykad/ My Tentera

Latest 3 months' salary slip  


Latest 3 months Bank Statement      
EPF Statement.        
  • At least one (1) of following document:

  • Confirmation letter from employer
  • EA form
Copy of government or army pensioner card          
Confirmation Letter Pension Transfer to Bank Rakyat        
Pension (JPA) / Ledger (JHEV) Statement        
Latest bank statement for 6 months transactions      
Business Registration Certificate      
Form 'B' sent to LHDN / Receipt payment        
License / membership of the Board of Trustees Recognized (Professional)      
Form A & D Registration Form 24 & 49 of company        
Statement of commission 6 months        
Original copy of university/college acceptance letter/certified true copy by university
Original copy of course fee schedule
Custodian of security documents (post settlement) RM10/set/month
Stamp duty 0.5% of total financing as contained in the Stamp Duty Act 1949.
Legal Fees (if applicable) All legal fees and incidental expenses related to your financing
Wakalah Fee N/A
Disbursement Fee Included fees for registration charges and other related charges
Early Settlement Fee No Charges
Late Payment Charges During the financing tenure :
1% per annum on the outstanding amount of the monthly payment

After expiry of financing tenure :
Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance

The published rates, fees and charges are effective from 1st April 2019 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.