Bank Rakyat

Bank Rakyat Personal Financing-i SMART Cash

Get instant cash at competitive profit rate to fund for your big-ticket item purchase with Bank Rakyat - no guarantor required!

    • Financing up to RM50k
    • Up to 5 years tenure
    • Unsecured Islamic Financing
    • Takaful insurance required
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Profit rate p.a.: -%

Not the personal financing you're looking for? Did you know you can compare all the personal financing in Malaysia?

Profit rates

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

Financing ValueFinancing PeriodYour IncomeProfit Rate
RM5000 - RM5000012 to 60 monthsmin. RM720009.73% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 9.73% p.a., depending on financing amount and period
Processing Fee
Stamp Duty
0.5% of the whole amount
Early Termination Fee
Late Payment Charge
1% from current outstanding amount
Optional 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
  • Salaried employee
  • GLC employee

Frequently Asked Questions about Bank Rakyat Personal Financing-i SMART Cash

Things you might want to know

Tell me about it.

Well, Bank Rakyat Personal Financing-i SMART Cash offers instant cash with competitive profit rate of 9.73% for up to 5 years for those in the private sector and government-linked companies. You need to have a minimum monthly EPF contribution of RM660 before you can get your hand on this fast loan.

How much money can I borrow?

It is established that you must have an EPF contribution of at least RM660 every month, Bank Rakyat allows you to borrow 25 times your EPF monthly contribution or up to RM50,000 with this Islamic personal loan.

Also, Bank Rakyat will require you to pay a 2-month instalment amount, which will be used to set off against any arrears when you have defaulted, i.e. non-payment event. This Security Deposit will be deducted from the financing and credited into the customer's Special Account upon disbursement.

Are there fees and charges?

Personal Financing-i SMART Cash has no processing fees and hides no charges to the financing. The only fees you must pay are Government Stamp Duty, which adds up to 0.5% of the total borrowed amount and a Wakalah (Agency) Fee of RM30 inclusive of GST.

What documents do I need to prepare?

This personal loan is unsecured, so you don't need a guarantor. Here are the documents that you need to provide:

  • Copy of MyKad
  • Latest three (3) months salary slip
  • Latest three (3) months bank statement of salary crediting account
  • EPF statement

And any one of these:

  • Confirmation letter from employer
  • e-B Slip by LHDN
  • EA Form

How do I pay the money back?

Once your loan is approved, you will be given a fixed monthly repayment schedule. You can only repay your monthly instalments via Electronic Payment.

Can settle the loan earlier?

Yes you may, all you have to do is pay in lump sum the remaining balance that you owe to the bank, which then will grant Ibra' (rebate) on the profit they have overcharged on your loan.

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