Personal Banking

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

Tawarruq

  • Amount of financing up to RM150,000
  • Financing tenure :​
    SALARY FINANCING TENURE
    NEW APPLICATION REPEATED / OVERLAP APPLICATION

    RM2,000 – RM 3,000  

    5 years 10 years
    RM3,001 and above

    10 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
    • RM2,000 and above for Permanent Employee
    • RM8,000 and above for Contract Employee
PAYMENT TYPE INCOME ELIGIBILITY
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction (PGM)
  • Salary Transfer to Bank Rakyat
RM 2,000 – RM 4,000 15 times monthly gross income
RM 4,001 – RM 6,000 20 times monthly gross income
More than RM 6,000 25 times monthly gross income

Electronic Payment

RM 1,000 – RM 5,000 5 times monthly gross income
RM 5,001 – RM 10,000 8 times monthly gross income

More than RM 10,000

10 times monthly gross income

Floating Rate

PAYMENT TYPE TENURE PROFIT RATE EFFECTIVE / FLAT
  • Salary Transfer To Bank Rakyat
  • Biro Perkhidmatan Angkasa
  • Salary Deduction

 

Up to 3 Years BR+ 5.37% 9.22% / 4.95%
More than 3 - 10 years BR+ 5.52% 9.37% / 5.44%
  • Electronic Payment

Up to 3 Years

BR+ 7.37% 11.22% / 6.08%
More than 3 - 10 years BR+ 7.52% 11.37% / 6.78%

*Note :

  1. Current Base Rate (BR) is 3.85%
  2. Additional profit rate of 1.5% 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

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.
Compensation Charge (Ta'widh) for Late Payment Before maturity: 1% per annum on the installment amount.
After maturity: Should not more than IIMM rate on the outstanding principal.
Early Settlement Fee Rebate (Ibra’) will be given on the deferred profit
Late Payment Charges During the financing tenure :
1% per annum on the overdue instalment amount

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.