Bank Rakyat

Bank Rakyat Manzili Home-i Financing

A home loan with extra benefits for government employees - including automatic salary deduction of your mortgage payments

    • Up to 35 years
    • Term Islamic financing
    • Floating Profit Rate
    • 5 years lock in period
    • Up to 95% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    RM200000 - 1999993.90% p.a.
    RM500000 - 4999993.60% p.a.
    more than RM3.40% p.a.

    *Effective profit rate will be determined by Bank Rakyat upon approval.

View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
Processing Fee
No Fee
Monthly Fee
Early Settlement Fee
subject to terms of agreement with bank
Redemption Letter Fee
RM50.00 per request
Letter for EPF Withdrawal Fee
RM20.00 per request
Insurance Types
  • MRTT
  • Fire Insurance


Are you eligible for this Bank Rakyat home financing?

Minimum annual income
Minimum age
18 years old
Maximum age
65 years old
Who can Apply
  • Any nationality

Frequently Asked Questions about Bank Rakyat Manzili Home-i Financing

Things you might want to know

What's the deal with the Manzili Home-i Financing?

The Manzili home loan is a syariah compliant Islamic package that follows the concept of Tawarruq, which is basically the buying of an asset with deferred price, that is then sold it to a third party for cash.

Bank Rakyat offer finance for up to 90% of your property, whether complete or under construction. You can also add in an extra 5% if you include the MRTA. If this will be your third property, the financing will only go up as high as 70%.

Whilst a property is under construction you will pay at a fixed interest rate of 4.85%.

I'm a government employee - what's in it for me?

If you think that keeping up with bills is not your strong suit this would be the ideal loan for you! Unlike a conventional home loan with its own specialised accounts, you will be able to deduct from your Biro Perkhidmatan Angkasa to pay off your installments. This will ensure that you will never miss a payment ever again! It also means that bank will view your application more favourably, as you are less of a credit risk if they are guaranteed payment direct from your salary every month.

Does that mean I can't pay in excess of my monthly repayments?

Not exactly. There is an option to pay via a post-dated cheque which will let you pay any amount you like. This will reduce your principal amount but not interest charges. As its name suggests, this is a fixed installment home loan.

What about insurance, is it terribly important?

The MRTT will protect you from any any unforeseen circumstances, such as an illness or accident, so it is highly recommended that you take the insurance.

Fire insurance is also compulsory for most mortgages.

Who is eligible for this home loan?

  • Malaysian Citizens
  • Aged 18 years or more
  • Does not have a bad track record with the Bank, or other financial institutions

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

Government/ Private Sector applicant:

  • A copy of the Identification Card (MyKad)
  • Copies of the latest 3 months payslips
  • Account / Bank statements of the latest 3 months (salary credited)
  • Latest EA Form / EPF statement


  • A copy of the Identification Card (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
  • Copies of the latest 3 months payslips
  • Account / Bank statements of the last 3 months (salary credited)

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