Bank Rakyat Home Financing-i PR1MA

Look for a new place to relax and unwind with a second home for your escapades. Enjoy great interest and better savings.

Bank Rakyat Home Financing-i PR1MA
Up to 35 years
Profit Rate
from 3.43% p.a.
Loan type
Term islamic financing
Interest Type
Floating profit rate
Margin of finance
up to 110%

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
RM100,000 - RM500,0003.43% p.a.
*Effective profit rate will be determined by Bank Rakyat upon approval.


Minimum Annual Income
Minimum Age
  • 21 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
No Fee
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM15 per request

More Information

What is the Bank Rakyat Home Financing-i?

Essentially, it’s a home financing tool for those of you looking to purchase a new piece of real estate to live in. This loan applies to both completed projects and houses under construction.

The best thing about PR1MA is that you have a margin of financing of up to 110% with no lock in period, so if this is your second home or the dream property you’ve been hoping for then have fun with all the features you want to have.

It comes with a fixed installment payment plan and MRTT insurance to protect you and your new home.

How do I become eligible?

Well you don’t have to do much. The PR1MA is available to any Malaysian over the age of 21, and as long as you are not turning 70 before the end of your financing tenure, you’re good to go. Joint applications are allowed, however on the condition that the applicants are husband and wife.

For the individual applying, you need to have an annual income of RM24,000 or more. For joint applicants on the other hand your household monthly income should fall between RM2,500 and RM10,000.

If this isn’t your first home purchase, then the condition for this financing is that you do not own more than one other property.

What about fees and payments?

Well there aren’t really too many fees except for 5% MRTT fee and 5% legal fees that apply to this financing. Other than that, you only have the matter of your interest rates that are relatively low.

Now for the matter or payments, the financing comes with a fixed installment plan that you can choose to pay a few different ways. For government employees, you have the option of making payments via the Biro Perkhidmatan Angkasa.

If that option is not available to you, relax, you can still choose from one of the following options for your payments:

  • Salary deduction
  • Salary transfer
  • Savings account-i deduction
  • Standing instruction
  • Cash
  • Biro Perkhidmatan Angkasa

Whatever you select, make sure you pick an installment tenure that is liberal enough that you don’t break the bank paying off your financing.

What do I need to apply?

There is quite a bit of documentation that you might need for this loan, so here is a list:

Government/ Private Sector applicant:

  • Copy of MyKad or Authority Card (Police/ Military)
  • Latest 3 months payslips
  • Account / Bank statements of the latest 3 months (salary credited)
  • Latest EA Form / EPF statement
  • Confirmation Letter of Employment


  • Copy of MyKad or Authority Card (Police/ Military)
  • Account / Bank statements of the latest 6 months
  • Form B submitted to the LHDN / payment receipt
  • Business registration / Form 24 or 49

Property Documents

  • Sale & Purchase Agreement
  • Copy of Title
  • Offer Letter from PR1MA
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