Personal Financing-i Private Sector

Financing-i 

Personal Financing-i Private Sector

Personal Financing-i Private is specially designed to fulfil your current financial needs, with its competitive profit rates in the market.

Concept

Tawarruq

Features

  • Amount of financing up to RM400,000
  • Financing tenure :
  • SALARY
    FINANCING TENURE
    NEW APPLICATION
    REPEATED / OVERLAP APPLICATION
    RM2,000 – RM 3,000  
    5 years
    10 years
    RM3,001 and above
    10 years
    10 years
  • No guarantor
  • Takaful coverage is optional

Eligibility

  • Malaysian citizen
  • Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
  • Minimum Gross Income including fixed allowances
    • RM2,000 and above for Permanent Employee
    • RM8,000 and above for Contract Employee

Financing Eligibility

PAYMENT TYPE
INCOME
ELIGIBILITY
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction (PGM)
  • Salary Transfer to Bank Rakyat
RM 2,000 – RM 4,000
15 times monthly gross income
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction (PGM)
  • Salary Transfer to Bank Rakyat
RM 4,001 – RM 6,000
20 times monthly gross income
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction (PGM)
  • Salary Transfer to Bank Rakyat
More than RM 6,000
25 times monthly gross income
Electronic Payment
RM 1,000 – RM 5,000
5 times monthly gross income
Electronic Payment
RM 5,001 – RM 10,000
8 times monthly gross income
Electronic Payment
More than RM 10,000
10 times monthly gross income

Financing Rate

Floating Rate

PAYMENT TYPE
FINANCING TENURE
PROFIT RATE
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
  • Salary Transfer To Bank Rakyat
Up to 1 Year
SBR+ 4.91%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
  • Salary Transfer To Bank Rakyat
More than 1 Year - Up to 5 Years
SBR + 5.37%
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
  • Salary Transfer To Bank Rakyat
More than 5 Years - Up to 10 Years
SBR + 5.47%
Electronic Payment
Up to 1 Year
SBR+ 6.91%
Electronic Payment
More than 1 Year - Up to 5 Years
SBR + 7.37%
Electronic Payment
More that 5 Years - Up to 10 Years
SBR + 7.47%


*Note :

  • Current Standard Base Rate (SBR) is 3.00%
  • Additional profit rate of 1.50% over the current profit rate for financing without takaful
  • Ceiling Rate = Effective + 4.00%

Required Documents

DOCUMENTS REQUIRED
NEW APPLICATION
REPEATED/ OVERLAPPING
Copy of Mykad
//
Latest 3 months salary slip
//
Latest 3 months Bank Statements of salary crediting account
/
EPF Statement
//

And at least one (1) of the below:

  • Confirmation letter from employer
  • EA Form
  • e-B Slip by LHDN
//

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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