Bank Rakyat

Bank Rakyat Aslah Personal Financing-i RIA Aslah

Premium flat rate Islamic Personal Loan unsecured for Government Employees and Employees of Government Linked Companies.

    • Financing up to RM200k
    • Up to 20 years tenure
    • Unsecured Islamic Financing
    • Takaful insurance required
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

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Profit rates

How much the bank charges you based on your financing amount & financing period

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM1000 - RM20000012 to 240 monthsmin. RM120003.3 - 4.08% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 3.3% p.a. to 4.08% p.a. , depending on financing amount and period
Processing Fee
Stamp Duty
0.5% of the whole amount
Mode of Payment
You must pay your financing installment by salary deduction.
You must take takaful insurance with this financing.


Are you eligible for this personal financing?

Minimum annual income
Minimum age
18 years old
Maximum age
60 years old
Who can Apply
  • Malaysians
  • Government employee
  • Government-Linked Company employee

Frequently Asked Questions about Bank Rakyat Aslah Personal Financing-i RIA Aslah

Things you might want to know

How to apply for a Bank Rakyat’s RIA Aslah personal loan

Who is eligible for Bank Rakyat’s RIA Aslah Personal Financing-i?

Only Government employees and employees of Government Linked Companies may apply for this personal loan product.

How much money can I borrow?

Bank Rakyat’s RIA Aslah Personal Financing-i offers a maximum lending amount of RM200,000 on the condition that monthly repayments do not exceed 60% of gross monthly income. Repayment terms are between one and twenty years. No guarantor or extra security is required.

How much does an Bank Rakyat’s RIA Aslah Personal Financing-i cost?

This Personal Financing-i product has no processing fees and there are no hidden charges. You must pay Government Stamp Duty, which amounts to 0.50% of the total borrowed and is added to the borrowed amount.

You will also be required to signup for a Takaful insurance package from Bank Rakyat to cover the period of your loan.

What do I need to apply for RIA Aslah Personal Financing-i from Bank Rakyat?

As this is an unsecured personal loan you will not need to provide a guarantor or down payment with your application. Bank Rakyat will ask for supporting documents such as:

  • Copy of MyKad (front and back)
  • Last three month’s payment slip, or EPF statement, or Reference Letter from your Employer.
  • Last three month’s bank savings account passbook or current/savings account statement.

How do I get my hands on the money?

Bank Rakyat may take a few business days to process an application. Once the loan is approved the borrowed money will be transferred to the account of your choice.

How do I pay the money back?

A loan repayments schedule will be fixed when you make your application. Payments need to be made every month until the total amount of the loan is repaid.

A condition of Bank Rakyat’s loan approval is that repayments must be made by Salary Deduction.

Can I pay my Bank Rakyat personal loan off early?

The Personal Finance-I package may be ended at any time by paying the total amount remaining.

Is the Bank Rakyat RIA Aslah Personal Financing-i Syariah compliant?

Yes, the product is based on Bank Rakyat’s own Syariah standard.

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