Financing-i 

Personal Financing-i for Pensioner

Personal Financing-i is specifically designed for government pensioners. It offers competitive profit rate and affordable monthly installment. With it, pensioners may realize the retirement of their dreams.

Concept

• Tawarruq
  
  

Features

• Maximum financing amount
  • Maximum RM100,000 
• Financing tenure up to 10 years
• No guarantor
• Takaful coverage are optional.
  
  

Eligibility

• Government pensioner
• Not older than 70 years during the end of the financing period.
• Minimum monthly pension RM800
  
  

Financing Rate

Financing Tenure	Profit Rate
Up to 1 Year	SBR + 3.30%
More than 1 Year - Up to 5 Years	SBR + 3.63 %
More than 5 Years - Up to 10 Years	SBR + 3.65 %

*Note :

1. Current Standard Base Rate (SBR) is 3.00% 
2. Additional profit rate of 1.50% to the current profit rate for financing without takaful
   
   

Payment Methods

• Pension Transfer to Bank Rakyat
  
  

Required Documents

Document Required	JPA	JHEV
Mykad	/	/
Malaysia Government Pensioner Card	/
Army Pensioner Card		/
Ledger Pensioner		/
Pension Statement	/

Note 

• JPA : Jabatan Perkhidmatan Awam
• JHEV : Jabatan Hal Ehwal Veteren
  
  

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

• PDS Personal Financing-i Pensioner Floating Rate(.pdf format)
  
  

Illustration Payment Schedule

• Payment Schedule Personal Financing-i Pensioner

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

*Terms and conditions apply.