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Personal Banking

Financing-i / Personal Financing-i Public Sector
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Product brochure
Product disclosure sheet
Obtaining cash is now easier with Personal Financing-i. Now you can enjoy easy access to the necessary funds.

Concept

Tawarruq

Features

  • Amount of financing up to RM200,000
  • Financing tenure up to 10 years
  • No guarantor
  • Takaful coverage is optional
  • Fixed or floating profit rate

Eligibility

  • Malaysian citizen
  • Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
  • Minimum fixed monthly income of RM1,000 including fixed allowances
  • Service in Public sector, GLC Companies and GLC Subsidiary
  • Minimum of three (3) months in service

Financing Eligibility

  • Installment method as follow:
INSTALLMENT METHOD ELIGIBILITY
  • Salary Transfer to Bank Rakyat
 up to RM200,000
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction
  • Electronic Payment

Based on income multiplier or RM200,000 whichever is lower

INCOME ELIGIBILITY
RM 1,000 – RM 5,000 5 times monthly gross salary
RM 5,001 – RM 10,000 8 times monthly gross salary
More than RM 10,000 10 times monthly gross salary

Financing Rate

Fixed Rate

PAYMENT TYPE TENURE FIXED RATE
  • Salary Transfer to Bank Rakyat
  • Biro Perkhidmatan Angkasa
  • Salary Deduction

Up to 3 years

 4.54%
More than 3 - 10 years 4.99%
  • Electronic Payment

Up to 3 years

 

 5.64%
More than 3 - 10 years 6.26%

*Note :

  1. The profit rate above is for financing with takaful.
  2. Additional profit rate up t.o 0.86% over the current profit rate for financing without takaful

Floating Rate

PAYMENT TYPE TENURE PROFIT RATE EFFECTIVE / FLAT
  • Salary Transfer to Bank Rakyat

Up to 3 years

 BR + 2.31% 6.16% / 3.26%
More than 3 - 10 years BR + 2.94% 6.79% / 3.80%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
 Up to 3 years BR + 3.12% 6.97% / 3.70%
More than 3 - 10 years BR + 3.65% 7.50% / 4.24%
  • Electronic Payment
 Up to 3 years BR + 5.12% 8.97% / 4.81%
More than 3 - 10 years BR + 5.65% 9.50% / 5.53%

*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%

Required Document

DOCUMENTS REQUIRED NEW APPLICATION REPEATED/ OVERLAPPING
  • Copy of MyKad/MyTentera
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  • Latest 3 months salary slip
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  • Latest 3 months Bank Statements of salary crediting account
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  • And at least one (1) of the below :
    • Confirmation letter from employer
    • EA Form

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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.
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

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.