Yayasan Ihsan Rakyat Personal Financing-i

A fixed rate Islamic personal financing for Malaysian civil servants only. Get higher financing limit up to RM150,000 with lower income requirement of RM1,500.

Yayasan Ihsan Rakyat Personal Financing-iHigher Margin, Flat Rate
Profit Rate
from 6.5% p.a.
up to RM150k
up to 10 years
Loan Type
Unsecured Islamic Financing
Min. Income

Loan calculator

Profit rates

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

Financing ValueFinancing periodYour incomeProfit Rate
RM2,500 - RM150,00012 to 120 monthsmin. RM18,0006.5% p.a. - 9.99% p.a.

Fees & Charges

Profit Rate / APR
As low as 6.5% p.a., depending on financing amount and period
Processing Fee
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
RM60, processing fee for each Early Settlement Statement
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 58 years old
Who can apply
  • Malaysians
  • Government employee

More Information

Who can apply for Yayasan Ihsan Rakyat Personal Financing-i?

First of all, this fixed rate Islamic personal financing is open to all civil servants of the Malaysian government for the following employers only:

  • Accountant General
  • Polis Diraja Malaysia (PDRM)
  • Universiti Putra Malaysia (UPM)
  • Universiti Teknologi MARA (UiTM)

You are also required to meet the minimum eligibility criteria such as follows:

  • A Malaysian citizen
  • Aged between 20 - 50 years old (Maximum age for PDRM customers is 55 years old)
  • Earn at least RM1,500 per month
  • Have a permanent job with at least 6 months of service
  • Not a bankrupt person
  • Pass YIR's credit assessment

What is the profit rate for this personal financing?

Yayasan Ihsan Rakyat Personal Financing-i charges a flat rate between 6.99% p.a. to 9.99% p.a. on the total approved financing amount for the whole tenure of 10 years. 

The minimum financing amount you can apply is RM2,500 in East Malaysia, whereas RM3,000 in West Malaysia, up until RM150,000.

How soon can I receive my Yayasan Ihsan personal loan?

You can expect to receive your financing within 2 to 3 working days, provided that you have submitted a complete documentation, passed employer verification and confirmed on the terms and conditions of the facility agreement. 

Yayasan Ihsan Rakyat will notify you via email once your personal financing is transferred to your bank account.

How to repay my monthly installment?

You are required to activate salary deductions and are responsible to make a full and prompt payment every month until the facility is fully settled. 

In case your salary deductions is not processed via AG, you can pay your monthly installment via direct debit facility.

A late payment charges of 1% p.a. will be charged on your financing if you are late on your monthly payment.

If you have overpaid the installment, it will be treated as prepayment of overdue amounts, not as advanced installment.

Can I settle my financing off early?

You are allowed to fully settle your personal financing before the tenure ends at a charge of RM60 for each Early Settlement Statement. 

The statement can be requested from YIR's website and must be submitted, together with your name, IC and proof of payment to [email protected]

You will receive an Early Settlement Statement within 30 days. After that you can proceed to paying off your outstanding financing amount based on the advice in the statement. 

This payment can be made through JomPay, internet banking and cash deposit machine. 

A rebate will be given to you in the form of a reduction in the unearned profit charges to your financing, not in cash payable to you.

Do I need a guarantor or collateral &Takaful coverage for Yayasan Ihsan Rakyat Personal Financing-i?

Guarantor, collateral and Takaful coverage are not required when you apply for Yayasan Ihsan Rakyat Personal Financing-i. 

Who is Yayasan Ihsan Rakyat?

Yayasan Ihsan Rakyat is a foundation incorporated under the Companies Act 2016 with a company registration number 1003231-A.