Personal Banking
Financing-i
/
Personal Financing-i Public Sector
Obtaining cash is now easier with Personal Financing-i. Now you can enjoy easy access to the necessary funds.
Tawarruq
- Amount of financing up to RM400,000
- Financing tenure up to 10 years
- No guarantor
- Takaful coverage is optional
- Fixed or floating profit rate
- Malaysian citizen
- Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
- Minimum fixed monthly income of RM1,600 including fixed allowances
- Service in Public sector, GLC Companies and GLC Subsidiary
- Minimum of three (3) months in service
- Installment method as follow:
| INSTALLMENT METHOD | ELIGIBILITY | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Up to RM400,000 | ||||||||
|
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|
Based on income multiplier or RM200,000 whichever is lower
|
Fixed Rate
| PAYMENT TYPE | FINANCING TENURE | PROFIT RATE |
|---|---|---|
|
Up to 1 Year |
3.42% |
| More than 1 Year - Up to 5 Years | 3.61% | |
| More than 5 Years - Up to 10 Years | 3.95% | |
|
Up to 1 Year |
4.53% |
| More than 1 Year - Up to 5 Years | 4.76% | |
| More than 5 Years - Up to 10 Years | 5.22% |
*Note :
- The profit rate above is for financing with takaful.
- Additional profit rate up to 0.99% over the current profit rate for financing without takaful
Floating Rate
| PAYMENT TYPE | FINANCING TENURE | PROFIT RATE |
|---|---|---|
|
Up to 1 Year |
SBR + 2.42% |
| More than 1 Year - Up to 5 Years | SBR + 2.75% | |
| More than 5 Years - Up to 10 Years | SBR + 2.77% | |
|
Up to 1 Year | SBR + 3.78% |
| More than 1 Year - Up to 5 Years | SBR + 4.24% | |
| More than 5 Years - Up to 10 Years | SBR + 4.07% | |
|
More than 1 Year | SBR+ 4.42% |
| More than 1 Year - Up to 5 Years | SBR + 4.75% | |
| More than 5 Years - Up to10 Years | SBR + 4.77% |
*Note :
- Current Standard Base Rate (SBR) is 3.00%
- Additional profit rate of 1.50% over the current profit rate for financing without takaful
- Ceiling Rate = Effective + 4.00%
| DOCUMENTS REQUIRED | NEW APPLICATION | REPEATED/ OVERLAPPING |
|---|---|---|
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| 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 |
- Payment Schedule Personal Financing-i Public Floating Rate
- Payment Schedule Personal Financing-i Public Floating Rate - Electronic payment
- Payment Schedule Personal Financing-i Public Floating Rate - Salary Transfer To Bank Rakyat
- Payment Schedule Personal Financing-i Public Fixed Rate
- Payment Schedule Personal Financing-i Public Fixed Rate - Electronic payment
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.