Personal Financing-i Public Sector

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.

Concept

Tawarruq

Features

  • Amount of financing up to RM400,000
  • 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 RM1,600 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

  • Biro Perkhidmatan Angkasa (BPA)
Up to RM400,000
  • Salary Deduction
Up to RM400,000
  • Electronic Payment

Based on income multiplier or RM400,000 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

FINANCING TENURE

PROFIT RATE
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
Up to 1 Year
3.42%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
More than 1 Year - Up to 5 Years
3.61%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
More than 5 Years - Up to 10 Years
3.95%
  • Electronic Payment
Up to 1 Year
4.53%
  • Electronic Payment
More than 1 Year - Up to 5 Years
4.76%
  • Electronic Payment
More than 5 Years - Up to 10 Years
5.22%

*Note :

  1. The profit rate above is for financing with takaful.
  2. Additional of 1.50% (Floating Rate) to 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%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
More than 1 Year - Up to 5 Years
SBR + 2.75%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
More than 5 Years - Up to 10 Years
SBR + 2.77%
  • Salary Transfer to Bank Rakyat 
Up to 1 Year
SBR + 3.78%
  • Salary Transfer to Bank Rakyat 
More than 1 Year - Up to 5 Years
SBR + 4.24%
  • Salary Transfer to Bank Rakyat 
More than 5 Years - Up to 10 Years
SBR + 4.07%
  • Electronic Payment
More than 1 Year
SBR+ 4.42%
  • Electronic Payment
More than 1 Year - Up to 5 Years
SBR + 4.75%
  • Electronic Payment
More than 5 Years - Up to10 YearsSBR + 4.77%

*Note :

  1. Current Standard Base Rate (SBR) is 3.00%
  2. Additional of 1.50% (Floating Rate) to the current profit rate for Financing without Takaful
  3. Ceiling Rate = Effective + 4.00%

Required Documents

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

/

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.
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

Product Disclosure Sheet

Illustration Payment Schedule


For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

*Terms and conditions apply.

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