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
  • Biro Perkhidmatan Angkasa (BPA)
Up to RM400,000
  • 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

Fixed Rate

PAYMENT TYPE FINANCING TENURE PROFIT RATE
 
  • Biro Perkhidmatan Angkasa
  • Salary Deduction

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%
  • Electronic Payment

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 :

  1. The profit rate above is for financing with takaful.
  2. Additional profit rate up to 0.99% over the current profit rate for financing without takaful

Floating Rate

PAYMENT TYPE FINANCING TENURE PROFIT RATE
  • Biro Perkhidmatan Angkasa
  • Salary Deduction

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%
  • Salary Transfer to Bank Rakyat 
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%
  • Electronic Payment
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 :

  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/MyTentera

  • Latest 3 months salary slip

  • Latest 3 months Bank Statements of salary crediting account
 
  • And at least one (1) of the below :
    • Confirmation letter from employer
    • EA Form

 
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.