Personal Financing-i Private (Exclusive) is specially designed for professionals to fulfil your current financial needs, with its competitive profit rates in the market.
*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%
Tawarruq
- Amount of financing up to RM400,000
- Financing tenure :
PAYMENT METHOD | FINANCING TENURE | |
---|---|---|
PAYMENT METHOD | NEW/OVERLAP APPLICATION | |
|
10 Years | 10 Years |
|
8 Years | 8 Years |
- No guarantor
- Takaful coverage is optional
- Malaysian Citizen
- Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
- Minimum Gross Income including fixed allowances:
- More than RM5,000 and above for Permanent Employee
- RM 8,000 and above for Contract Employee
PAYMENT TYPE | INCOME | ELIGIBILTY |
---|---|---|
Salary Deduction (PGM) Salary Transfer to Bank Rakyat |
More than RM5,000 up to RM6,000 |
20 times monthly gross income |
More than RM6,000 |
25 times monthly gross income |
|
Electronic Payment |
More than RM5,000 up to RM10,000 |
8 times monthly gross income |
More than RM10,000 |
10 times monthly gross income |
PAYMENT TYPE | FINANCING TENURE | PROFIT RATE |
---|---|---|
|
Up to 1 Year | SBR+ 3.03% |
More than 1 Year - Up to 5 Years | SBR + 3.13% | |
More than 5 Years - Up to 10 Years | SBR + 3.23% |
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%
DOCUMENTS REQUIRED | NEW APPLICATION | REPEATED/ OVERLAPPING |
---|---|---|
|
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No. | Respective Professional | Additional Supporting Documents |
---|---|---|
1. | Doctor |
|
2. | Dentist |
|
3. | Accountant |
|
4. | Engineer |
|
5. | Lecturer |
|
6. | Architect |
|
7. | Safety Officer |
|
8. | Pharmacist |
|
9. | Veterinary |
|
10. | Optometrist & Optician |
|
11. | Quantity Surveyor |
|
12. | Actuary |
|
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.