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Bank Rakyat: Best Personal Loan in Malaysia

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Bank Rakyat Personal Loan Promotion

Bank Rakyat Financing-i / Personal Financing-i Public Sector

Bank Rakyat Personal Loan 2021 Promotion is now open to government employees and selected GLCs. Obtaining cash is now easier with Personal Financing-i. Now you can enjoy easy access to the necessary funds.

Concept

  • Tawarruq

Features

  • Amount of financing up to RM200,000
  • Financing tenure up to 10 years
  • No guarantor
  • Takaful coverage is optional
  • Fixed or floating profit rate

Eligibility

  • Malaysian citizen
  • Minimum age of 18 years and maximum 60 years old at the end of the financing tenure
  • Minimum fixed monthly income of RM1,000 including fixed allowances
  • Service in Public sector, GLC Companies and GLC Subsidiary
  • Minimum of three (3) months in service

Bank Rakyat Financing Eligibility

  • Installment method as follow:
INSTALLMENT METHOD ELIGIBILITY
  • Salary Transfer to Bank Rakyat
 up to RM200,000
  • Biro Perkhidmatan Angkasa (BPA)
  • Salary Deduction
  • Electronic Payment

Based on income multiplier or RM200,000 whichever is lower

INCOME ELIGIBILITY
RM 1,000 – RM 5,000 5 times monthly gross salary
RM 5,001 – RM 10,000 8 times monthly gross salary
More than RM 10,000 10 times monthly gross salary

Financing Rate

Fixed Rate

PAYMENT TYPE TENURE FIXED RATE
  • Salary Transfer to Bank Rakyat
  • Biro Perkhidmatan Angkasa
  • Salary Deduction
 Up to 3 years 4.54%
More than 3 – 10 years 4.99%
  • Electronic Payment
 Up to 3 years 5.64%
More than 3 – 10 years 6.26%

*Note :

  1. The profit rate above is for financing with takaful.
  2. Additional profit rate up t.o 0.86% over the current profit rate for financing without takaful

Fee And 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

Document Required

DOCUMENTS REQUIRED NEW APPLICATION REPEATED/ OVERLAPPING
  • Copy of MyKad/MyTentera
 √ √
  • Latest 3 months salary slip
 √ √
  • Latest 3 months Bank Statements of salary crediting account
 √ –
  • And at least one (1) of the below:
    • Confirmation letter from employer
    • EA Form
 √ –

2021 Payment Schedule

Please click below:

2021-Bank-Rakyat-Payment+Schedule+Personal+Financing-i+Public+Floating+Rate

Hubungi Bank Rakyat

33, Jalan Rakyat, Brickfields
50470 Kuala Lumpur
Tel: Tele-Rakyat at 1-300-80-5454





Bank Rakyat Personal Loan 2021 Promotion

Bank Rakyat: Summary

  • Article Title: Bank Rakyat
  • Category: #Bank #PersonalLoan #BankRakyat 
  • Purpose:  #Promotion 

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Bank

Web Directories

Explore a wide range of information and resources tailored to your interests. Whether you’re looking for travel inspiration, financial tips, hobby ideas, product reviews, or more, our carefully selected links have something for everyone. Click the links above to start your journey toward discovering new experiences and expanding your horizons. Your next adventure is just a click away!

  1. https://asiaworldtour.com: “Asia World Tour: Your Gateway to Asian and World Adventures”
  2. https://personalfinancingloan.com: “Personal Financing Loan: Your Path to Financial Freedom”
  3. https://hobbyforte.com: “HobbyForte: Discover Your Car Passion, Explore Your Interests”
  4. https://reviewsanything.com: “ReviewsAnything: Your Trusted Source for Honest Gadget Reviews”
  5. https://rumahmampumilik.com: “Rumah Mampu Milik: Your Affordable Homeownership Journey Begins Here”
  6. https://malaysiadigit.com: “MalaysiaDigit: Your Digital Destination for News and Insights”
  7. https://vipmalaysia.com: “VIP Malaysia: Elevate Your Experience in Malaysia”
  8. https://nordiyana.com: “Indulge in Elegance at Nordiyana: Latest Recipe and Culinary Inspirations”
  9. https://e-penyatagaji.com: “E-Penyata Gaji: Simplifying Payroll Management for You”
  10. https://googleasia.org: “Google Asia: Explore the World and Asia’s Wonders with Google Asia”
  11. https://malaysiafit.com: “Malaysia Fit: Your Partner in Health and Wellness”
  12. https://koperasi.info: “Koperasi: Building Communities, Empowering Lives”
  13. https://recipeinside.com: “RecipeInside: Unveiling Culinary Creations, Your Guide to Delicious Dishes”
  14. https://asiahealthcenter.com: “Asia Health Center: Your Source for Holistic Wellness Solutions”
  15. https://nationalhealthcenters.com: “National Health Centers: Your Source for Vital Health Information and Community Care”
  16. https://malaysiabit.com: “MalaysiaBit: Stay Informed, Stay Connected”
  17. https://epenyatagaji.com: “E-Penyata Gaji: Your Digital Payslip Solution”
  18. https://koperasi.work: “Koperasi Work: Collaborate, Innovate, Succeed”
  19. https://koperasi.business: “Koperasi Business: Driving Entrepreneurship, Fostering Growth

*Source: Bank Rakyat official website

Bank Rakyat Personal Loan

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