• Interest Rate (p.a.)

    4.54% - 4.99%

  • Loan Tenure

    1 - 10 years

  • Approval Duration

    Up to 5 business days

  • Min. monthly income


Loan calculator
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What's so great about Bank Rakyat Personal Financing-i Public Sector?
  • Approved financing amount of up to RM200,000
  • Options of fixed rate or floating rate starting at 4.54% p.a or 3.46% p.a respectively
  • Takaful protection is optional

Product Features

Min. financing amountRM10,000
Max.financing amount Approved financing up to RM200,000
Min. loan tenure1 year
Max. loan tenureUp to 10 years
Interest rateProfit rate of 3.46% – 7.12% per annum depending on rate type, payment type and tenure
Approval durationUp to 5 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.5% of loan amount
Disbursement & misc. feeN/A
Early settlementN/A
Late payment chargesN/A


Age requirementAge 18 - 60
Employment eligibilityGovernment servants and selected employees of Government-Linked companies (GLCs)
Min. salary requirementRM1,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?Optional
Need to buy Takaful product?Optional

Product Review byiMoney


Bank Rakyat Personal Financing-i Public Sector is one of the best Islamic personal loan offered by Bank Negara. It is a Shariah compliant personal loan package exclusively for government servants and employees of selected Government-Linked companies (GLC). This loan requires no collateral and guarantor. The minimum financing amount of the loan would be RM10,000 and maximum is up to RM200,000 with a minimum loan tenure of 1 years and maximum of 10 years.

Bank Rakyat offers two options i.e fixed rate and floating rate ranging between 4.54% to 4.99% p.a and 3.46% to 3.91% p.a respectively. You can choose to repay using several ways i.e Biro Perkhidmatan Angkasa (BPA), Salary Deduction (PGM), Salary Transfer with Bank Rakyat and cash, however they come with different profit rate. The approval duration of this loan is up to 5 working days. Besides that, the bank will also offer you Takaful protection (optional) when you apply for this personal Islamic loan. There will be a one-time payment of 0.5% of financing amount being charged for stamp duty. Being a Malaysian Citizen is one of the criteria to be eligible for applying the loan and you need a minimum gross income of RM1,000 and to be to at least 18 years old. To avoid higher possibilities of loan rejection, you must make sure you have been making prompt payment for your other loans that has been taken from banks and maintain a good credit record in CTOS and CCRIS.

Bank Rakyat Personal Financing-i Awam FAQ

What is the maximum amount you can borrow?

Borrowable amount of:

  • For repayment type of Biro Perkhidmatan Angkasa (BPA), Salary Deduction (PGM) and Salary Transfer with Bank Rakyat, borrowable amount is up to 35x monthly gross salary
  • For repayment type of Cash, borrowable amount depends on your monthly income which ranging from 5x to 10x monthly gross salary
  • The catch?

    Applicant must be a Malaysian citizen aged 18 and above to qualify.

    Applicant must be a Government servant or employee of a Government-Linked Company (GLC) and a minimum gross salary of RM1,000 per month.

    What will it cost you and how will you be charged?

    One time set-up fee:
  • Stamp duty of 0.5% on loan amount to be deducted upfront before loan disbursement. No other set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via monthly Bank Rakyat Savings Account deduction, Biro Perkhidmatan Angkasa (BPA) monthly salary deduction facility, or monthly salary deduction.
  • For Fixed rate and loan tenure of 1 year to 3 years:
  • With Takaful:Fixed interest rate of 4.54% per annum throughout the entire loan tenure.
  • Without Takaful:Fixed interest rate of 5.33% per annum throughout the entire loan tenure.
  • For fixed rate and loan tenure of 4 years to 10 years:
  • With Takaful:Fixed interest rate of 4.99% per annum throughout the entire loan tenure.
  • Without Takaful:Fixed interest rate of 5.81% per annum throughout the entire loan tenure.
  • Penalties:
  • 1% p.a on outstanding amount for late payment charges.
  • How long will the application take and what documentations are required?

    Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.

    Thereafter, Bank Rakyat will require an average of five business days (not including Saturdays, Sundays, and public holidays) before approval or disbursement.

    You are required to furnish the following documents for your loan application:

    • Copy of NRIC (front and back)
    • 3 months (most current) salary slips
    • Letter of confirmation by your current employer
    • Bank statement showing crediting of salary
    • Income tax statement (J/EA/EC form) with tax payment receipt attached (most current)

    Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

    No, you are required to settle all overdue payments before applying. It is advised that you continue repaying your loans on time for another three months before reapplying.

    If you are looking for other personal loans, you may also consider
    Mach I.O.U Personal Loan
  • The personal loan rate for Mach I.O.U Personal Loan starts from 12% p.a. It has a maximum tenure of 5 years. The personal loan also comes with a minimum income requirement of RM2,000.
  • Citibank Ready Credit (Pay Lite)
  • With Citibank Ready Credit (Pay Lite) , the personal loan comes with a effective interest rate starting from 14% p.a. This personal loan has a maximum tenure of 4 years. It also comes with a minimum income requirement of RM2,000.
  • RHB Personal Financing
  • RHB Personal Financing has a flat interest rate starting from 8.88% p.a. The maximum tenure for this personal loan is 5 years. It also comes with a minimum income requirement of RM2,000.