• Profit rate (p.a.)

    6.50% - 6.50%

  • Loan Tenure

    1 - 10 years

  • Approval Duration

    2 working days

  • Min. monthly income


Loan calculator
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What's so great about Yayasan Ihsan Rakyat Personal Financing?
  • Maximum total financing of up to RM150,000
  • Approval in 2 working days
  • Maximum financing tenure of up to 10 years
  • Open to all government employees and statutory bodies

Product Features

Min. financing amountRM2,500 (Sabah & Sarawak), RM3,000 (West Malaysia)
Max.financing amount RM150,000
Min. loan tenure1 year
Max. loan tenure10 years
Profit rate6.50% - 9,99% p.a depending on credit
Approval duration2 working days

Fees & Charges

One time set up
Early settlementYes, with processing fee of RM60
Late payment charges1.0% p.a


Age requirementAge 20 - 58
Employment eligibilityGovernment & GLC servants who are permanent status
Min. salary requirementRM1,500 gross per month
Guarantor / Collateral requirementNo

Other Requirements

Product Review byiMoney

Yayasan Ihsan Rakyat FAQ


Yayasan Ihsan Rakyat offers unsecured Shariah compliant personal financing products exclusively for Malaysian civil servants. Yayasan Ihsan Rakyat is a foundation under Companies Act 2016 and not a co-operative society under the Co-operative Societies Act 1992. Yayasan Ihsan Rakyat's personal financing products are in compliance with the latest Shariah requirements and relevant Malaysian laws, approved by reputable Shariah advisory and legal firm.

Yayasan Ihsan Rakyat Islamic financing is best for Malaysian civil servants earning at least RM1,500 monthly with approval within 2 working days and financing amount up to RM150,000. With a tenure of up to 10 years and a profit rate from as low as 6.50% which will be offered to you depending on your credit profile and financial behaviour, all without collateral. You will be financed by a legal Shariah-compliant entity with hassle-free instalment repayment, which you can opt to be paid through salary deductions or direct debit facilities. The most important thing to avoid the high possibilities of loan rejection is to make sure that you do not have overdue payments with other banks for any loan or credit card and have no issues with your CTOS and CCRIS. Having a good credit history and good credit record on your CTOS and CCRIS will increase the higher chance of loan approval.

What Is The Maximum Allowable Financing Amount?

Financing amount of up to to RM150,000 for a maximum tenure of 10 years

What Are The Requirements To Apply For This Loan?

You are eligible if you fullfil the following conditions:

  1. Working as a civil servant in Malaysia
  2. Malaysian Citizen
  3. Aged 20-58. Maximum age for customers who are police officers is 55
  4. Permanent job with at least 6 months of service
  5. Minimum gross monthly income of RM1,500
  6. Not in brankruptcy process and/or a bankrupt
  7. Pass the credit score of Yayasan Ihsan Rakyat

What Are The Information or Documents To Apply For This Loan?

You will be required to provide:

  • A photocoy of your Malaysian Identification Card ("IC")
  • A photocopy of your Police Identification Card, if applicable
  • Certified true copies of recent 3 months payslips - certified by employer
  • Recent bank statements (salary account / account to receive financing)
  • Employment verification letter
  • Option letter, if applicable
  • Transfer letter / secondment letter, if applicable
  • Settlement statement, if applicable

Product Features

Permanent Staff (WM) Permanent Staff (EM)
Min. Monthly Income RM1,500 RM1,500
Min. Financing Amount RM2,500 RM3,000
Max. Financing Amount RM150,000 RM150,000
Loan Tenure Up To 10 years Up to 10 years
Islamic/Conventional Islamic Islamic

What Will It cost You And How Will You Be Charged?

Early settlement fee:
  • Processing fee of RM60 for early settlement statement
  • Late penalty charge:
  • 1%p.a from current outstanding amount

  • How Long Is The Application Approval Process And What Are The Documents Required?

    Approval will take 2 to 3 working days.

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

  • Copy of NRIC (front and back)
  • Copy of Police NRIC, if applicable (front and back)
  • Latest 3 months salary slips, verified by employer
  • Latest bank statement (salary account)
  • Employment confirmation letter
  • Other documents on case to case basis
  • 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 financing on time for another three months before reapplying, but subject to the banks own credit assessment.

    Is Guarantor Or Collateral Required?

    No, guarantor or collateral is not required for YIR Personal Financing

    How does the financing repayment process work?

    Financing repayments are made on a monthly basis via non-discretionary salary deductions processed by the Accountant General's Department of Malaysia (AG). In the event, the salary deductions are not activated, you may contact Yayasan Ihsan Rakyat Customer Service Centre for repayments on outstanding amounts. You are responsible for ensuring that the repayments are promptly made every month until they are fully settled.

    Direct Debit facilities are also available if the salary deduction scheme could not be activated and/or stopped. You are responsible for your direct debit account details with Yayasan Ihsan Rakyat remains updated or to sign a new Direct Debit Authorisation Form for any changes to your direct debit account.

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