Personal Banking
Financing-i
/
Personal Financing-i for Pensioner
Personal Financing-i is specifically designed for government pensioners. It offers competitive profit rate and affordable monthly installment. With it, pensioners may realize the retirement of their dreams.
Tawarruq
- Maximum financing amount
- Maximum RM100,000
- Financing tenure up to 10 years
- No guarantor
- Takaful coverage are optional.
- Government pensioner
- Not older than 65 years during the end of the financing period.
- Minimum monthly pension RM800
| Financing Tenure | Profit Rate |
|---|---|
| Up to 1 Year | SBR + 3.30% |
| More than 1 Year - Up to 5 Years | SBR + 3.63 % |
| More than 5 Years - Up to 10 Years | SBR + 3.65 % |
*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
- Pension Transfer to Bank Rakyat
| Document Required | JPA | JHEV |
|---|---|---|
| Mykad | √ | √ |
| Malaysia Government Pensioner Card | √ | |
| Army Pensioner Card | √ | |
| Ledger Pensioner | √ | |
| Pension Statement | √ |
Note
-
JPA : Jabatan Perkhidmatan Awam
-
JHEV : Jabatan Hal Ehwal Veteren
| TRANSACTION | CHARGE |
|---|---|
| Wakalah or Agency Fee | Wakalah or agency fee of RM28.30 |
| Stamp duty fee | 0.5% of total financing as contained in the Stamp Duty Act 1949. |
| Early Settlement Fee | Rebate (Ibra’) will be given on the deferred profit |
| 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.