Bank Rakyat Personal Financing-i Private Sector

  • Profit Rate
    8.12% p.a. ~ 7.97% p.a.
  • Max. Financing Amount
    RM 150,000
  • 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

More details

  • icon Features Features

    Approval Duration
    Up to 3 business days
    Min. Financing Amount
    RM 5,000
    Max. Financing Amount
    RM 150,000

    Other features

    Min. Financing Tenure
    1 year
    Max. Financing Tenure
    Up to 10 years
    Debt Consolidation
    Yes

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    18-60 years old
    Min. Monthly Salary
    RM 2,000

    Other eligibility requirements

    Need to open linked bank account?
    Optional

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    0.5% of loan amount

    Other Fees and charges

    Other Fees
    Wakalah or agency fee of RM28.30
    Early Settlement
    N/A
    Late Payment Charges
    N/A

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 is well known for its great service in providing an Islamic loan. Bank Rakyat Personal Financing-i Private Sector offering highly competitive rate in the market with floating rate of 5.09% p.a up to 6.95 p.a, which is specially designed to meet your financial needs. Bank Rakyat Personal Financing-i Private Sector is focusing on full-time employees of private sector organizations. Meanwhile, selected company by Bank Rakyat will enjoy lower profit rate, as low as 4.95% per annum. The approval process is within 5 business days and there is no need for any guarantor or collateral in order to apply for the loan.

There will be stamp duty fee of 0.5% of the loan amount and late payment charges of 1% p.a on outstanding amount. You are entitled to enjoy a minimum loan tenure of 1 year to 10 years depending on your salary with amount of financing up to RM150,000 or 5x to 25x of monthly gross salary. To be eligible to apply for this loan, your minimum monthly gross income should be at least RM2,000 and you must be at least 18 years old. You will also need a good credit record (CTOS/CCRIS) which means all of your overdue payments for all commitments should be settled off.

  • Applicant must be a Malaysian citizen between the age of 18 to 60 (at the end of the financing tenure) to qualify.Applicant must be a confirmed full-time employee in a private sector organization with a minimum gross salary of RM2,000 per month including fixed allowances.