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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 up to 10 years
  • No guarantor
  • Takaful coverage is optional
    • 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

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
  • Employees of Public Listed Companies, Private Limited Companies, Cooperatives, Legal Firms, and NGOs

Financing Eligibility

PAYMENT TYPE

MONTHLY GROSS INCOME (MGI)

ELIGIBILITY
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
  • Salary Transfer to Bank Rakyat
  • Electronic Payment (for existing customers of Home Financing-i / Vehicle Financing-i)

RM2,000 – RM5,000

10 or 15 times MGI

>RM5,000 – RM10,000

10 or 20 times MGI

> RM10,000

15 or 25 times MGI
  • Electronic Payment

RM2,000 – RM5,000

5 times MGI

>RM5,000 – RM10,000

8 times MGI

> RM10,000

10 times MGI

Financing Rate

PAYMENT TYPE

FINANCING TENURE

PROFIT RATE

·   Biro Perkhidmatan Angkasa

·   Salary Deduction

·   Salary Transfer to Bank Rakyat

Up to 1 Year

SBR + 4.91% or SBR + 5.91%

> 1 Year - 5 Years

SBR + 5.37% or SBR + 6.37%

> 5 Years - 10 Years

SBR + 5.47% or SBR + 6.47%

·   Electronic Payment                                                          

Up to 1 Year

SBR + 6.91% or SBR + 7.91%

> 1 Year - 5 Years

SBR + 7.37% or SBR + 8.37%

> 5 Years - 10 Years

SBR + 7.47% or SBR + 8.47%

*Note :

  • The profit rate and tenure is subject to employer classification
  • 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
//

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 Personal Financing-i Private

Illustration Payment Schedule Personal Financing-i Private (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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