Public Bank BAE Personal Financing-i

A personal financing solution for GOVERNMENT SECTOR EMPLOYEES. Enjoy higher financing limit, low profit rates and longer repayment periods!

Public Bank BAE Personal Financing-iFor Government Staff
Profit Rate
From 3.99% p.a.
up to RM150k
up to 10 years
Loan Type
Unsecured Islamic Financing
Min. Income

Loan calculator

Profit rates

Based on your loan amount & loan period, the profit rates are as low as the following

Financing ValueFinancing periodYour IncomeProfit Rate
RM5,000 - RM99,00024 to 120 monthsmin. RM18,0004.45% p.a.
RM100,000 - RM150,00024 to 120 monthsmin. RM18,0003.99% p.a.

Fees & Charges

Profit Rate / APR
As low as 3.99% p.a.,depending on financing amount and period
Processing Fee
Stamp Duty
 0.5%  of the whole amount, and RM10 on the Letter of Offer
Early Termination Fee
Late Penalty Fee
 1%  from current outstanding amount
Mode of Payment
You must pay your financing installment by salary deduction


Minimum Annual Income
Minimum Age
  • 20 to 60 years old
Who can apply
  • Malaysians
  • Permanent staff with minimum service of 1 year
  • Statutory Body employee
  • Government employee
  • Police
  • AG

More Information

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

Public Bank BAE Personal Financing-i is offered to employees of Federal and State Government as well as selected Statutory Bodies. To qualify for this Islamic personal loan, you must meet the following criteria:

Employment SectorAG & State GovernmentSelected AG:
  • Kementerian Kesihatan
  • Kementerian Pendidikan
  • Jabatan Perdana Menteri
  • Kementerian Kewangan
  • Kementerian Pengangkutan
  • Kementerian Hal Ehwal Dalam Negeri
Badan BerkanunTELEKOM -TM
Exclude Telekom Sales & Services Sdn Bhd
POS Malaysia Berhad
Exclude Posmen
Min SalaryRM1,500RM2,000RM3,000RM3,000RM1,500
Min Service1 year6 months2 years1 year1 year
  • must be a Malaysian citizen
  • must be more than 20 years old, up to 60 years old at the time of application
  • must be a PERMANENT employee

How much money can I borrow?

You can borrow any amount between RM5,000 to RM150,000 over a flexible repayment term up to 10 years. 

Meanwhile, if your payroll is tied to Accountant General (AG), you can get a quick cash from a minimum of RM11,000 up to RM150,000.

But remember, your approved financing amount is subject to Public Bank's assessment of your credit. 

To give you an idea of the borrowing limit (i.e. how much you can borrow), in most cases your fixed monthly repayment should be less than 60% of your monthly salary. 

Your profit rate is calculated on a fixed and flat rate basis, so don't worry when the bank Islamic Bank Rate fluctuates, it won't hurt your wallet.

What are the fees and charges I need to pay?

Luckily there is no processing fee for this Islamic personal financing. 

The only charges you must pay is the Government Stamp Duty of 0.50%, which is deductible from the total amount borrowed, in addition to RM10 on the Letter of Offer.

What about my monthly installment payment?

Once Public Islamic Bank has signed and sealed your personal financing application, you will receive the Letter of Offer and the money will be transferred to your bank account.

Your first installment payment will begin the month after your money is fully disbursed. You must pay your monthly instalment via salary deduction through Biro Perkhidmatan Angkasa.

When your monthly installment payment is overdue, the outstanding due amount will be charged 1% p.a. as a penalty, calculated daily until you have made the payment.

Can I pay my Public Bank BAE Personal Financing-i loan off early?

Sure you can because there is no early settlement fee for paying off your personal financing before its maturity date. 

To top it off, Public Islamic Bank will offer a rebate on the remaining unearned profit charges.

Do I need a Takaful plan to cover this Islamic personal loan?

You are encouraged to take up a Takaful coverage from AIA Public Takaful Berhad or Takaful Ikhlas Bhd to cover for the outstanding loan balance in the event of death and total permanent disability. 

This Takaful policy is a single contribution, which is deductible from the approved financing amount upon disbursement. 

The coverage, however, does not include pre-existing illnesses, so make sure you get your health checked!

Do I need security or a guarantor?

No security is needed as this is an unsecured Islamic personal financing. A guarantor is required ONLY when you indicate a critical illness in the Health Declaration Form.

What documents do I need to prepare for this Public Bank personal loan?

You can apply for this personal financing at RinggitPlus by clicking the APPLY NOW button. Then, you need to provide a few supporting documents to complete the application:

  • 3 copies of NRIC (front and back), with original certified by the employer;
  • Latest 3-months salary slips, with 3 original certified by the employer
  • Original Confirmation Letter of Employment
  • A copy of BPA form

Am I qualified to apply for Public Bank BAE Personal Financing-i 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.

Public Islamic Bank is more likely to approve your Public Bank BAE Personal Financing-i application if you can show that you are managing your personal finances, rather than accumulating more debt.

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