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
  • Min Degree/Master/PhD
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.

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