Bank Rakyat

Bank Rakyat Personal Financing-i Private

Get up to RM150,000 personal financing for maximum 10 years at floating profit rate with Bank Rakyat - designed to fulfill your current financial needs.

    • Financing up to RM150k
    • Up to 10 years tenure
    • Unsecured Islamic Financing
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

Apply online now for Bank Rakyat Personal Financing-i Private

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Profit rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM5000 - RM15000012 to 120 monthsmin. RM240005.09 - 5.61% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 5.09% p.a. to 5.61% p.a. , depending on financing amount and period
Processing Fee
RM28.30, for Wakalah Fee (inclusive of Brokerage Fee)
Stamp Duty
0.5% of the whole amount
Early Termination Fee
Late Payment Charge
1% from current outstanding amount


Are you eligible for this personal financing?

Minimum annual income
Minimum age
18 years old
Maximum age
60 years old
Who can Apply
  • Malaysians
  • Salaried employee
  • Selected Public-Listed Company

Frequently Asked Questions about Bank Rakyat Personal Financing-i Private

Things you might want to know

Who can apply for Bank Rakyat Personal Financing-i Private?

Any Malaysian individuals working in the public and private sectors can apply for Bank Rakyat Personal Financing-i Private (Pembiayaan Peribadi-i Swasta), without having to standby a guarantor or collateral.

To qualify, you must meet the minimum criteria such as follows:

  • must be 18 years old and not more than 60 years at the time of application; and
  • must earn minimum RM2,000 per month for Permanent Employee, or RM8,000 and above for Contract Employee.

How much money can I borrow?

You can borrow any amount between RM5,000 to RM150,000 at flat profit rates for up to 10 years. Pembiayaan Peribadi-i Swasta charges a floating profit rate, which is pegged to Bank Rakyat's Islamic Base Rate.

Your financing tenure is capped at 10 years. The maximum amount you can borrow is 25 times of your monthly gross income, depending on your annual income range.

Are there fees and charges I need to know?

Bank Rakyat Pinjaman Peribadi-i Swasta charges zero processing fee. You only need to pay Government Stamp Duty, which is calculated as 0.5% of the total borrowed and a Wakalah Fee for obtaining this Islamic personal loan.

Do I need Takaful coverage?

Although a Takaful coverage is optional, you are advised to sign up for a Takaful policy from Bank Rakyat's panel Takaful providers. Takaful coverage can help cover your outstanding personal financing balance in the event of death and permanent disablement.

What is my monthly instalment?

Your monthly instalment will begin the month after you have received and utilized the money. You will be given a personal financing payment schedule together with your loan agreement document upon approval.

How do I pay for my monthly instalment?

There are several options you can choose to repay your Bank Rakyat Pembiayaan Peribadi-i Swasta personal financing:

  • Biro Perkhidmatan Angkasa
  • Salary Deduction
  • Salary Transfer to Bank Rakyat
  • Electronic Payment (for non-selected companies)

Can I settle my Pinjaman Peribadi-i Swasta off early?

Yes you can make an early settlement of your Bank Rakyat personal financing at zero cost. In fact, you will be granted an ibra' (rebate), i.e. deferred profit which has not been accounted as profit earned.

What documents are required to apply for Pinjaman Peribadi-i Swasta?

As this is an unsecured personal financing, you don't need to provide a guarantor or collateral to back up your application. Bank Rakyat will ask for personal and income documents such as:

First time applicant

  • Copy of MyKad (front and back)
  • Latest 3-months salary slip
  • Latest 3-months bank statement of salary crediting account
  • EPF Statement

And any one of these:

  • Confirmation Letter from your Employer
  • EA form
  • e-B Slip by LHDN

Returning customer

  • Copy of MyKad (front and back)
  • Latest 3-months salary slip
  • EPF Statement

Am I qualified to apply for Bank Rakyat personal financing if I'm blacklisted?

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

Bank Rakyat is more likely to approve your personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.

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