Bank Rakyat Home Financing-i Zero Entry Cost

Get the best rate for your home financing plan and zero cost for legal fees, valuation costs and stamp duty. Suitable for new financing and refinancing!

Bank Rakyat Home Financing-i Zero Entry Cost
Up to 35 years
Profit Rate
from 4.93% p.a.
Financing type
Term islamic financing
Profit Type
Floating profit rate
Lock In Period
5 years
Margin of finance
up to 95%

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
RM100,000 - RM1,000,0004.93% p.a.
*Effective profit rate will be determined by Bank Rakyat upon approval.


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
Letter for EPF Withdrawal Fee
RM15 per request
Insurance Types
  • Fire Takaful
  • House Owner Takaful
  • MRTT

More Information

So what exactly is the Zero Entry Cost?

The Zero Entry Cost home loan offers competitive interest rate, with a margin of financing up to 95% of the property value, whether it is under construction, completed or auctioned.

This home loan can also be used as a refinancing tool, in case you wanted to upgrade your current home. Since it's Zero Entry Cost, the legal fees, valuation costs, and stamp duty fees will be absorbed by the bank up to 2.5% from the approved financing amount.

How do I get the financing?

This financing plan is offered exclusively to Malaysian citizens. To be eligible, you must be at least 18 years old on the date of application. Anyone can apply for this financing plan, provided that they are not more than 70 years of age at the end of the financing tenure.

Other than that, be sure to have good credit scores and prove that you are not bankrupt. More often than not, purchasing a home usually involves more than one person.

There is an option for joint application as long as the second applicant is your direct family members such as parents, children and siblings.

Are there payment options?

Yes there are a few ways in which you can pay the installments for this plan. Government employees, you have the option of using the Biro Perkhidmatan Angkasa. However if that option is not available to you, relax.

Select from Salary Deduction, Savings Account-i Deduction, Standing Instruction and Cash. Whichever option you go for, make sure it is something you are financially comfortable with, so it doesn’t put a strain on your bank account.

Choose to pay off your financing amount over a period of 10 years up to 35 years at great interest rates.

Can I settle the financing prematurely?

Well this is not exactly a flexi-loan plan, but you could always discuss your options with the bank directly. However you can submit payments in advance, but it will be counted as an advanced payment rather than early settlement.

What documents will I need?

So when you go to make the application, either at the bank or online, you will need:

Government/ Private Sector applicant:

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


  • A copy of the Identification Card (MyKad)
  • 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 to Purchase from Developer
  • Booking Receipt
  • Memorandum of Sale: Auction
  • Valuation Report: Completed / Auction / Subsale / Refinancing / Construction of House
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