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 RM200,000
- 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 RM1,000 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 RM200,000 | ||||||||
|
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Based on income multiplier or RM200,000 whichever is lower
|
Fixed Rate
| PAYMENT TYPE | TENURE | FIXED RATE |
|---|---|---|
|
Up to 3 years |
4.54% |
| More than 3 - 10 years | 4.99% | |
|
Up to 3 years
|
5.64% |
| More than 3 - 10 years | 6.26% |
*Note :
- The profit rate above is for financing with takaful.
- 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 |
|---|---|---|---|
|
Up to 3 years |
BR + 2.31% | 6.16% / 3.26% |
| More than 3 - 10 years | BR + 2.94% | 6.79% / 3.80% | |
|
Up to 3 years | BR + 3.12% | 6.97% / 3.70% |
| More than 3 - 10 years | BR + 3.65% | 7.50% / 4.24% | |
|
Up to 3 years | BR + 5.12% | 8.97% / 4.81% |
| More than 3 - 10 years | BR + 5.65% | 9.50% / 5.53% |
*Note :
- Current Base Rate (BR) is 3.85%
- Additional profit rate of 1.5% 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. |
| 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 |
- 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.