Public Bank

Public Bank BAE Personal Financing-i

An unsecured, flat rate Bai Al-Einah personal financing for Government sector workers. Enjoy higher financing limit with longer repayment tenures!

    • 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 Public Bank BAE Personal Financing-i

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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 - RM15000024 to 120 monthsmin. RM360004.88% p.a.

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR
As low as 4.88% 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 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
20 years old
Maximum age
60 years old
Who can Apply
  • Malaysians
  • Confirmed and Permanent Staff
  • Government employee
  • Government-Linked Company employee

Frequently Asked Questions about Public Bank BAE Personal Financing-i

Things you might want to know

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 Government Linked Companies. To qualify for this Islamic personal loan, you must meet the following criteria:

  • must be a Malaysian citizen;
  • must be more than 20 years old and not exceeding 60 years old at the time of application;
  • must earn a minimum gross salary of RM1,500 per month; and
  • must have at least 3-year working experience with the Government.

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 high 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 instalment 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 instalment payment will begin the month after you have made full or partial disbursement of your money. Payment of your monthly instalment can be made via salary deduction through Biro Perkhidmatan Angkasa.

Should you late on your monthly instalment payment, Public Islamic Bank will not hesitate to charge you a penalty of 1% p.a. on your outstanding balance.  

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

Sure you can. In fact, there is no early settlement fee for redeeming your BAE Personal Financing-i ahead of its expiry date. To top it off, Public Islamic Bank will offer an Ibra' (rebate) on the remaining unearned profit charges.

Do I need a Takaful plan for cover this personal financing?

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!

Why should I apply for Public Bank BAE Personal Financing-i again?

There are several factors you might want to consider when applying for Public Bank BAE Personal Financing-i, such as:

  • Low, flat and fixed profit rate
  • Higher financing limit up to RM150,000 with longer repayment tenure up to 10 years
  • No guarantor and collateral required

What documents are required this Islamic personal loan application?

No deposit, guarantor or collateral is required when making a BAE Personal Financing-i application, this is unsecured personal loan. You will only need to provide a few supporting documents:

  • Copy of NRIC (front and back);
  • Latest 3 to 6-months salary slips; OR
  • EA Statement.

And any one of the following:

  • EPF Statement (not more than 1 year); 
  • Latest Tax Returns and Tax Receipts; 
  • Letter from Employer confirming position and salary;
  • Latest 3-months bank statement.

Am I qualified to apply for Public Islamic Bank 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.

Public Islamic Bank 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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