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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:
| |
- Biro Perkhidmatan Angkasa (BPA)
| Up to RM400,000
|
| Up to RM400,000
|
| Based on income multiplier or RM400,000 whichever is lower | | 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
| | 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%
|
| 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 :
- The profit rate above is for financing with takaful.
- Additional of 1.50% (Floating Rate) to the current profit rate for Financing without Takaful
Floating Rate
| | 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%
|
| 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 :
- Current Standard Base Rate (SBR) is 3.00%
- Additional of 1.50% (Floating Rate) to the current profit rate for Financing without Takaful
- Ceiling Rate = Effective + 4.00%
Required Documents
| | 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
| |
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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