Financing-i
Personal Financing-i Private (Exclusive)
Personal Financing-i Private (Exclusive) is specially designed for professionals 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 :
PAYMENT METHOD
|
FINANCING TENURE
|
|
PAYMENT METHOD
| NEW/OVERLAP APPLICATION
|
|
- Salary Deduction (PGM)
- Salary Transfer to Bank Rakyat
| 10 Years
| 10 Years
|
Electronic Payment
| 8 Years
| 8 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
- More than RM5,000 and above for Permanent Employee
- RM 8,000 and above for Contract Employee
Financing Eligibility
PAYMENT TYPE
| INCOME
| ELIGIBILITY
|
- Salary Deduction (PGM)
- Salary Transfer to Bank Rakyat
| More than RM5,000 up to RM6,000
| 20 times monthly gross income
|
- Salary Deduction (PGM)
- Salary Transfer to Bank Rakyat
| More than RM6,000
| 25 times monthly gross income
|
Electronic Payment
| More than RM5,000 up to RM10,000
| 8 times monthly gross income
|
Electronic Payment
| More than RM10,000
| 10 times monthly gross income
|
Financing Rate
Floating Rate
PAYMENT TYPE
| FINANCING TENURE
| PROFIT RATE
|
- Salary Deduction (PGM)
- Salary Transfer to Bank Rakyat
- Electronic Payment
| Up to 1 Year
| SBR+ 3.03%
|
- Salary Deduction (PGM)
- Salary Transfer to Bank Rakyat
- Electronic Payment
| More than 1 Year - Up to 5 Years
| SBR + 3.13%
|
- Salary Deduction (PGM)
- Salary Transfer to Bank Rakyat
- Electronic Payment
| More than 5 Years - Up to 10 Years
| SBR + 3.23%
|
*Note :
- Current Standard Base Rate (SBR) is 2.75%
- 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
| / | / |
|
No. |
Respective Professional
|
Additional Supporting Documents
|
| 1. |
Doctor
|
-
Certificate of registration with Malaysia Medical Council (MMC) /
Malaysian Medical Association (MMA)
|
2.
| Dentist
| - Certificate of registration with Malaysian Dental Council (MDC)
|
3.
| Accountant
| - Professional Certificate from Malaysian Institute of Certified Public Accountants (MICPA) / Association of Chartered Certified Accountants (ACCA) / Chartered Institute of Management Accountants (CIMA) / Chartered Financial Analyst (CFA) OR
- Provide a written confirmation of employment from the employer that the applicant works as an Accountant profession AND
- Worked / Served with the same Company for at least 2 years
|
4.
| Engineer
| - Professional Certificate from Board of Engineers Malaysia (BEM) i.e IR OR
- Provide written confirmation of work from the employer that the applicant works as an Engineer profession AND
- Worked / Served with the same Company for at least 2 years.
|
5.
| Lecturer
| |
6.
| Architect
| - Registered membership with Lembaga Arkitek Malaysia (LAM) / Pertubuhan Arkitek Malaysia (PAM) / Institute of Landscape Architects Malaysia (ILAM) OR
- Provide written confirmation of work from the employer that the applicant works as an Architect profession AND
- Worked / Served with the same Company for at least 2 years.
|
7.
| Safety Officer
| - OSH officer credential certificate issued by Chief Director of Department of Occupational Safety and Health (DOSH)
|
8.
| Pharmacist
| - Registered membership with Pharmacy Board of Malaysia (PBM); OR
- Annual Practicing Certificate (APC) from PBM; OR
- Credential certificate from PBM
|
9.
| Veterinary
| - Registered membership with Malaysian Veterinary Council (MVC); OR
- Annual Practicing Certificate (APC) from MVC
|
10.
| Optometrist & Optician
| - Registered membership with The Malaysian Optical Council (MOC); OR
- Annual Practicing Certificate (APC) from MOC; OR
- Optical Lenses Permit (For Optician)
|
11.
| Quantity Surveyor
| - Registered membership with The Board of Quantity Surveyor (BQSM) OR
- Certificate of registration – Form D (Registered QS) OR
- Provide written confirmation of work from the employer that the applicant works as a Quantity Surveyor profession AND
- Worked / Served with the same Company for at least 2 years.
|
12.
| Actuary
| - Registered membership with Actuarial Society of Malaysia; OR
- Certificate from one of institution below :
- Society of Actuaries (SOA) – United States
- Casualty Actuarial Society (CAS) – United States
- Institute and Faculty of Actuaries (I&FA) – United Kingdom
- Actuaries Institute – Australia
|
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
Payment Schedule Personal Financing-i Private (Exclusive)
Payment Schedule Personal Financing-i Private (Exclusive) - Electronic Payment
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.
