Personal Banking

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

Tawarruq
  • 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
  • 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
  • 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%

DOCUMENTS REQUIRED NEW APPLICATION REPEATED/ OVERLAPPING
  • Copy of Mykad

  • Latest 3 months salary slip

  • 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)  OR
  • Provide a written confirmation of employment from the employer that the applicant works as an Accountant profession  AND
  • Worked / Served with the same Company for at least 2 years
4. Engineer
  • Professional Certificate from Board of Engineers Malaysia (BEM) i.e IR OR
  • Provide written confirmation of work from the employer that the applicant works as an Engineer profession AND
  • Worked / Served with the same Company for at least 2 years.
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) OR
  • Provide written confirmation of work from the employer that the applicant works as an Architect profession AND
  • Worked / Served with the same Company for at least 2 years.

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)  OR
  • Provide written confirmation of work from the employer that the applicant works as a Quantity Surveyor profession AND
  • Worked / Served with the same Company for at least 2 years.

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

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.