Bank Rakyat Home Financing-i Manzili Selesa

An Islamic mortgage from Bank Rakyat with competitive profit rates and convenient ways to pay off your monthly installments

Bank Rakyat Home Financing-i Manzili Selesa
Up to 35 years
Profit Rate
from 3.65% p.a.
Loan type
Term islamic financing
Interest Type
Floating profit rate
Lock In Period
5 years
Margin of finance
up to 90%
Approval in
30 days

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
up to RM199,9994.15% p.a.
RM200,000 - RM349,9993.85% p.a.
more than RM350,0003.65% p.a.
*Effective profit rate will be determined by Bank Rakyat upon approval.


Minimum Annual Income
Minimum Age
  • 18 to 70 years old
Who can apply
  • Malaysians

Fees & Charges

Late Penalty Fee
1% p.a. p.a. of the outstanding amount
Processing Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Insurance Types
  • Fire Takaful
  • House Owner Takaful
  • MRTT

More Information

Tell me about Home Financing-i Manzili Selesa

The Manzili Selesa home financing is an Islamic mortgage based on the Shariah concept of Tawarruq with an option of floating or fixed profit rate. For the former, your monthly instalment amount will be fixed throughout the tenure and is capped on the ceiling rate.

Whereas if you chose floating rate (those with irregular income usually), you monthly instalment will be determined by the fluctuation in the Islamic Base Rate (IBR) of Bank Rakyat. On the bright side, you could be saving more when the rate declines.

Bank Rakyat offers finance up to 95% of your property's value, inclusive of MRTT, regardless of whether you new house is complete, under construction or for refinancing purposes.

However, if you have your own Takaful policy and want to get rid of MRTT, you will have to be charged with different profit rates. See below:

Financing AmountProfit Rate
Below RM200,000BR + 1.30%
RM200,000 - RM349,999BR + 1.00%
RM350,000 and aboveBR + 0.80%

Note: Current Islamic Base Rate is 4.10%.

How can I repay my monthly installments?

You can use your salary-crediting bank account to repay your monthly instalment via salary deduction. For government employee, you may do so via Biro Perkhidmatan Angkasa. Alternatives are Standing Instructions, Savings Account deduction or Electronic Payment.

Can I pay in excess of my fixed monthly payment?

You can deposit more on top of your monthly repayments, but currently Bank Rakyat will only count it as an advanced payment which will not deduct from your principal.

How about insurance?

It is highly recommended that you take on the MRTT on order to protect you and your loved ones from dire situations, such as illness. Fire insurance is compulsory for most home loans as well.

Am I eligible for the Bank Rakyat Home Financing-i Manzili Selesa?

You need to be a Malaysian Citizen aged 18 years or older, and must not be declared as a bankrupted person, nor are delinquent on repayment habit with any banks. Joint account is allowed on a condition that it must be family relations. 

What documents do I need to bring along to the bank?

Government/ Private Sector applicant:

  • Copy of MyKad
  • Latest 3 months payslips
  • Account / Bank statements of the latest 3 months (salary credited)
  • Latest EA Form / EPF statement


  • Copy of MyKad
  • Account / Bank statements of the latest 3 months
  • Form B submitted to the LHDN / payment receipt

Singaporean or Permanent Residence with fixed income:

  • A certified copy of the original valid passport
  • Employer Verification Letter
  • Latest 3 months payslips
  • Account / Bank statements of the latest 3 months (salary credited)
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