Best Government/GLC Personal Loans in Malaysia 2025

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What Is A Government/GLC Personal Loan?

Like any other loans, government personal loans share similar features such as competitive rates, flexible repayment and high borrowing amounts.

There are a variety of government personal loans in Malaysia has to offer, from banks to cooperatives, conventional loans to Islamic loans, and secured loans to unsecured loans.

Who can apply for government personal loan?

Government loans are meant for those working in the government sector only. If you are employed by the Federal and State governments, your chances of being approved are likely.

Some banks do offer government personal loans to the employees of Statutory Bodies, Police, the Army and, in some cases, a government-linked company (GLC) as well.

It is best to check with the bank on the eligibility requirements when applying for personal loans for government employees.

What are the features and benefits of personal loans for government employees?

Although loans for government employees are quite similar to other types of personal loans in the market, two distinct features make government loans different from the rest.

A lower income requirement

Government employees have several advantages when applying for a government personal loan in Malaysia. One of them is the advantage of low-income requirement, which usually starts from as low as RM800 per month, although it may vary from bank to bank.

Fixed and low-interest rate

Government loans often offer a fixed and low interest rate on the total loan amount throughout your loan period. That's because government employees are required to repay the monthly instalments through salary deductions via Biro Perkhidmatan Angkasa (BPA).

What are the documents to apply for a government loan in Malaysia?

In any government personal loan application, you will need to prepare documents such as a copy of your IC, salary slips, bank statements and other supporting documents for the bank to process and approve your government loan so that you can receive your money quickly.

Here are the common documents required by banks for government loan applications for your easy reference:

  • Copy of your IC (front and back)
  • Latest salary slips (depending on the bank)
  • Confirmation letter from employer (depending on the bank)
  • Latest bank statement from your salary crediting account (depending on the bank)
  • Latest EA Form (depending on the bank)
  • Latest B/BE Form with validated receipt (depending on the bank)
  • Other supporting documents may be required (depending on the bank)

Best personal loans for government employees in Malaysia

Some of the best loans for government employees include loans from Public Bank, Affin Islamic Bank, MBSB Bank and several others.

Here's a quick browse of some of the best personal loans for government employees.

Bank/Financing Company Interest/Profit RateMinimum Monthly Income Loan/Financing Amount Loan Tenure
MBSB Bank 3.20% - 6.05% p.a.RM3,000 RM50,000 - RM250,000 2 - 10 years
Public Bank 3.52% - 6.72% p.a.RM1,500 RM5,000 - RM350,000 2 - 10 years
Bank Islam 4.20% - 5.99% p.a.RM2,000 RM10,000 - RM400,000 1 - 10 years
AmBank 4.25% - 5.90% p.a. RM1,500 RM5,000 - RM200,000 2 - 10 years
UKHWAH 4.35% - 4.99% p.a. RM1,500 RM2,000 - RM250,000 2 - 10 years
Bank Rakyat 3.42% - 5.22% p.a.RM1,600 RM5,000 - RM400,000 1 - 10 years
RHB 5.75% p.a. RM2,000 RM2,000 - RM300,000 2 - 10 years
BSN 4.60% - 5.30% p.a. RM1,500 RM5,000 - RM400,000 1- 10 years
Affin Islamic Bank 3.50% - 5.30% p.a. RM1,500 RM2,500 - RM250,000 2 - 10 years
Agrobank 6.45% - 7.85% p.a. RM1,000 RM1,000 - RM250,000 1 - 10 years
Yayasan Ihsan Rakyat 6.65% - 9.99% p.a. RM1,500 RM3,000 - RM300,000 1 - 10 years
Yayasan Dewan Perniagaan Melayu Perlis 6.65% - 9.99% p.a.RM1,500 RM3,000 - RM300,000 1 - 10 years

Before you get on with the loan application, make sure you compare all government loan rates, income requirements and benefits to get the best value out of your commitment.

How to apply for government loans online?

Nowadays, you can compare and apply for government loans online easily on RinggitPlus. And even better, you can also get loan recommendations with us as well!

With just one click away, our WhatsApp chatbot will help assess your financial profile and recommend loans that fit you. Click on the Apply For Loan button above to proceed.

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