Bank Rakyat

Bank Rakyat Personal Financing-i Public

For those working in the public sector, GLC companies and its subsidiaries, get financing up to RM200,000 for maximum 10 years and repay over competitive floating profit rate.

    • Financing up to RM200k
    • Up to 10 years tenure
    • Unsecured Islamic Financing
  • 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
RM5000 - RM20000012 to 120 monthsmin. RM120003.57 - 4.09% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
from 3.57% p.a. to 4.09% 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
Mode of Payment
You must pay your financing installment by salary deduction.


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
  • GLC employee
  • Public Listed Company employee

Frequently Asked Questions about Bank Rakyat Personal Financing-i Public

Things you might want to know

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

Being a public servant has its own challenges; applying for a personal loan from a bank is one of them. Bank Rakyat has the solution for your via its Personal Financing-i Public (Pembiayaan Peribadi-i Awam), specially tailored for those working in selected GLC companies and its subsidiaries.

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

  1. must be 18 years old and not more than 60 years at the time of application;
  2. must be in service for at least 3 months with the company; and
  3. must earn minimum RM1,000 per month.

How much money can I borrow?

Depending on the outcome of credit check, you can borrow up to RM200,000 for maximum 10 years. The profit rate charged to this personal financing is floating, based on your selected instalment payment methods.

If you decide to go without the Takaful protection plan, an additional rate of 1.5% will be charged over the current profit rate.

Note: Current Islamic Base Rate is 4.10%

Are there fees and charges I need to know?

Pinjaman Peribadi-i Awam 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.

If you want to make Salary Transfer to Bank Rakyat, the profit rate charged to your facility will be as followed:

Tenure (Month)Rate (Flat)
12 - 36 3.40%
48 - 1203.96%

Can I settle my Pinjaman Peribadi-i Awam 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 Awam?

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/MyTentera (front and back)
  • Latest 3-months salary slip
  • Latest 3-months bank statement of salary crediting account

And any one of these:

  • Confirmation Letter from you Employer
  • EA form

Returning customer

  • Copy of MyKad/MyTentera (front and back)
  • Latest 3-months salary slip

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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