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Financing-i / Personal Financing-i Private (Exclusive)
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Personal Financing-i Private (Exclusive) is specially designed for professionals to fulfil your current financial needs, with its competitive profit rates in the market.

Concept

Tawarruq

Features

  • Amount of financing up to RM400,000
  • Financing tenure :

PAYMENT METHOD FINANCING TENURE
PAYMENT METHOD NEW/OVERLAP APPLICATION
  • Salary Deduction (PGM)
  • Salary Transfer to Bank Rakyat
 10 Years 10 Years
  • Electronic Payment
 8 Years 8 Years
  • No guarantor
  • Takaful coverage is optional

Eligibility

  • 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

Financing Eligibility

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
 

Financing Rate


PAYMENT TYPE FINANCING TENURE PROFIT RATE
  • Salary Deduction (PGM)
  • Salary Transfer to Bank Rakyat
  • Electronic Payment
 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%
*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%

Required Documents

DOCUMENTS REQUIRED NEW APPLICATION REPEATED/ OVERLAPPING
  • Copy of Mykad
 √

√
  • Latest 3 months salary slip
 √

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  • Latest 3 months Bank Statements of salary crediting account
 √  
  • EPF Statement
 √ √
  • And at least one (1) of the below:
    • Confirmation letter from employer
    • EA Form
    • e-B Slip by LHDN

√
No. Respective Professional Additional Supporting Documents
1. Doctor
  • Certificate of registration with Malaysia Medical Council (MMC) / Malaysian Medical Association (MMA)
2. Dentist
  • Certificate of registration with Malaysian Dental Council (MDC)
3. Accountant
  • Professional Certificate from Malaysian Institute Of Certified Public Accountants (MICPA) / Association of Chartered Certified Accountants (ACCA) / Chartered Institute of Management Accountants (CIMA) / Chartered Financial Analyst (CFA)
4. Engineer
  • Professional Certificate from Board of Engineers Malaysia (BEM) i.e IR
5. Lecturer
  • Min Degree/Master/PhD
6. Architect
  • Registered membership with Lembaga Arkitek Malaysia (LAM) / Pertubuhan Arkitek Malaysia (PAM) / Institute of Landscape Architects Malaysia (ILAM)
7. Safety Officer
  • OSH officer credential certificate issued by Chief Director of Department of Occupational Safety and Health (DOSH)
8. Pharmacist
  • Registered membership with Pharmacy Board of Malaysia (PBM); OR
  • Annual Practicing Certificate (APC) from PBM; OR
  • Credential certificate from PBM
9. Veterinary
  • Registered membership with Malaysian Veterinary Council (MVC); OR
  • Annual Practicing Certificate (APC) from MVC
10. Optometrist & Optician
  • Registered membership with The Malaysian Optical Council (MOC); OR
  • Annual Practicing Certificate (APC) from MOC; OR
  • Optical Lenses Permit (For Optician)
11. Quantity Surveyor
  • Registered membership with The Board of Quantity Surveyor (BQSM); OR
  • Certificate of registration – Form D (Registered QS)
12. Actuary
  • Registered membership with Actuarial Society of Malaysia; OR
  • Certificate from one of institution below:
    • Society of Actuaries (SOA) – United States
    • Casualty Actuarial Society (CAS) – United States
    • Institute and Faculty of Actuaries (I&FA) – United Kingdom
    • Actuaries Institute – Australia

Fees & Charges

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
 

Product Disclosure Sheet

Illustration Payment Schedule

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.