Best Government/GLC Personal Loans in Malaysia 2019

Bank in on your job security as a civil servant with these personal loan packages made especially for government workers and employees at government linked companies. Reap the benefits of below market interest rates, with low income provisions and automatic salary deduction via Biro Angkasa.

What is a government / GLC personal loan?

Like any other loans, government loans share the same features such as competitive rates, flexible repayment and high borrowing amount. There are a variety of government loans Malaysia has to offer, from banks to cooperatives, conventional loans to Islamic loans, and secured loans to unsecured loans.

Who can apply for government loans?

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

Some banks do offer government loans to the employees of Statutory Bodies, Police, Army and, in some cases, government-linked company (GLC). It is best to check with the bank on the eligibility requirements when applying for personal loans for civil servants.

What are the features and benefits of government loans?

1. Low-income requirement

Government employees have several advantages when applying for a government personal loan. 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.

2. Fixed and low interest rate

Other than that, government loans offer a fixed and low interest rate on the total loan amount throughout your borrowing period. This could be because government employees must repay the monthly installments through salary deductions via Biro Perkhidmatan Angkasa.

What documents do I need to apply for a government personal loan?

In any government personal loan applications, you will need to prepare some supporting documents for the bank to process and approve your government loan so that you can receive your money in no time.

Below are the common documents required by banks for government loans application:

  • Identity card / passport
  • Latest 1 to 3-month salary slips
  • Confirmation Letter from Employer
  • Bank statement from salary crediting account
  • Other supporting documents may be required

Nowadays, you can compare and apply for government loans online easily on But beforehand, make sure you compare all government loan rates, income requirements and benefits to get the best value out of your commitment.

Top Government Personal Loan Interest Rates 2019:

Bank Min. Monthly Income Max. Loan Amount Interest/Profit Rate (p.a.) Loan Tenure
Bank Rakyat RM1,000 RM200,000 3.70% - 4.24% 12 - 120 months
AmBank RM1,500 RM200,000 4.35% 24 - 120 months
UKHWAH RM1,500 RM250,000 4.35% - 4.99% 24 - 120 months
RHB RM2,000 RM200,000 4.50% 12 - 120 months
BSN RM1,500 RM200,000 4.60% - 4.75% 24 - 120 months
Public Bank RM1,500 RM150,000 4.90% - 4.95% 24 - 120 months
Affin Islamic RM1,500 RM150,000 5.50% 24 - 120 months
Bank Islam RM2,000 RM200,000 5.99% 12 - 120 months
Agrobank RM1,000 RM200,000 6.45% - 6.95% 12 - 120 months
Yayasan Ihsan Rakyat RM1,500 RM150,000 6.99% - 9.99% 12 - 120 months