Bank Rakyat Personal Financing-i Public Sector

  • Profit Rate
    2.31% p.a. ~ 5.65% p.a.
  • Max. Financing Amount
    RM 200,000
  • Approval Duration
    Up to 3 business days

Calculate your financing repayment instantly

RM
year(s)
RM
You Pay
RM 89 /mth
Profit Rate
Total Profit Payable
RM 70
Total Repayment
RM 1,070

Key Features

Approved financing amount of up to RM200,000

Approved financing amount of up to RM200,000

Options of fixed rate or floating rate starting at 4.54% p.a or 2.31% p.a respectively

Options of fixed rate or floating rate starting at 4.54% p.a or 2.31% p.a respectively

Options of fixed rate or floating rate starting at 4.54% p.a or 2.31% p.a respectively

Takaful coverage is optional

More details

  • icon Features Features

    Approval Duration
    Up to 3 business days
    Min. Financing Amount
    RM 10,000
    Max. Financing Amount
    RM 200,000

    Other features

    Min Financing Tenure
    1 year
    Max Financing Tenure
    Up to 10 years
    Profit Rate
    Profit rate as low as 3.29%- 4.99% per annum depending on rate type, payment type and tenure

  • icon Eligibility/Documents Eligibility/Documents

    Employment Eligibility
    Public Sector, GLC
    Age Requirement
    18-60 years old
    Min. Monthly Salary
    RM 1,000

    Other eligibility requirements

    Need to open linked bank account?
    Optional
    Guarantor Collateral Requirement
    N/A

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    0.5% of loan amount

    Other Fees and charges

    Early Settlement
    N/A
    Late Payment Charges
    1% on outstanding financing amount

If you're not sure which loan is right for you, we can help!

How do you apply for a personal financing online?

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Step 1

Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.

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Step 2

Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.

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Step 3

Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.

Review by iMoney

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.

  • 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.