Bank Rakyat

Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar

Attractive interest rate personal loan especially for government employees. Offers finance to workers with income as low as RM1000 a month

    • Financing up to RM200k
    • Up to 10 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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Interest Rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM5000 - RM20000012 to 36 monthsmin. RM120003.27% p.a.
RM5000 - RM20000048 to 120 monthsmin. RM120003.69% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 3.27% p.a. to 3.69% p.a. , depending on financing amount and period
Late Payment Charge
1% from current outstanding 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

Frequently Asked Questions about Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar

Things you might want to know

What is Bank Rakyat’s Pembiayaan Peribadi-i Aslah Rakan Pintar?

Bank Rakyat’s Pembiayaan Peribadi-i Aslah Rakan Pintar is a Syariah compliant personal loan based on the Islamic principles of Murabahah and Tawaruq.

This loan is based on a floating interest rate - the current and newly implemented Base Rate system by Bank Negara Malaysia. Subject to your credit rating, you can borrow up to a maximum of 35 times your salary! Additionally, you will get to enjoy premium banking membership from Bank Rakyat and RM0.50 cashback on MEPS and Tabung Haji transactions at the ATM.

Who is eligible for Bank Raykat Pembiayaan Peribadi-i Rakan Pintar?

This Bank Rakyat personal loan is only for Government Employees and those working in selected GLC companies.

How much money can I borrow?

You can borrow up to RM200,000 on the condition that monthly repayments do not exceed 60% of your gross monthly income. This loan does not require a guarantor or extra security.

How much does an application for a personal loan cost?

This Pembiayaan Peribadi-I Rakan Pintar 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 to cover the period of your loan. The one time premium can be added into the loan.

What do I need to apply for Pembiayaan Peribadi Rakan Pintar?

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

First time applicant

  • Copy of MyKad (front and back)
  • Last three month’s payment slip
  • Latest 3 months' pay slip bank statement if your pay is deposited in other bank
  • Reference Letter from your Employer
  • Latest EA Form

Returning customer

  • Copy of MyKad (front and back)
  • Latest 3 months' payment slip

How do I get my hands on the money?

Bank Rakyat may take a few business days to process a loan application. Once the loan is approved, you will have to drop by the bank to sign the documents and hand over the original document to certified true copy.  The borrowed money will be transferred to the account of your choice once all documents are finalised.

How do I pay the money back?

You will be given a loan repayment schedule and you will have to apply for auto-deduction from your salary account.  If your salary account is different from Bank Rakyat, you will have to apply for a standing instruction to automatically deduct the monthly loan repayment.

The stamp duty for a standing instruction is RM10.

Can I pay my Bank Rakyat personal loan off early?

Yes of course. Bank Rakyat will give you a rebate for the interest overcharged when you settle your loan earlier then agreed.

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