Bank Rakyat Home Financing-I Manzili Selesa (conventional)

Up to 35 years

Term Islamic financing

Floating Profit Rate

5 years lock in period

Up to 90% margin

30 days approval

Borrowing RM Monthly Repayment

Profit Rate

How Long Year
max 35 Year
Flexi/Term Lock in Period Islamic or Conventional
All Flexi Term All Yes No All Islamic Conventional

Bank Rakyat Home Financing-iManziliSelesa

Conventional term loan based on a floating interest rate with multiple very convenient ways to pay off your installments

    • Up to 35 years
    • Term Islamic financing
    • Floating Profit Rate
    • 5 years lock in period
    • Up to 90% margin of finance
    • 30 days approval

You Borrow

Estimated Profit Rate

up to RM199000

5.25% p.a.

RM200000 - 349000

4.95% p.a.

more than RM350000

4.75% p.a.

more than RM500000

4.75% p.a.

  • *Effective profit rate will be determined by Bank Rakyat upon approval.

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee - 1% p.a. of the outstanding amount

Processing Fee - No Fee

Early Settlement Fee - Subject to terms of agreement with bank

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Insurance Types - MRTT

*inclusive of 6% GST



Are you eligible for this Bank Rakyat home financing?

Minimum annual income - RM24000

Minimum age - 18 years old

Maximum age - 70 years old

Who can Apply - Malaysians


Frequently Asked Questions about Bank Rakyat Home Financing-iManziliSelesa

Things you might want to know


Explain the Home Financing-iManziliSelesa to me

The ManziliSelesa home loan is quite similar to its counterpart, Manzili Home-i Financing (fixed installments). The main difference is that it is based on a capped floating profit rate, to give you protection against a hike in rates - should that ever happen, and you know it probably will!

Bank Raykat offers finance up to 95% of your property's value regardless of whether you new house is complete, under construction or for refinancing purposes. Bank Rakyat won't be as generous if this is your third property, only 70% financing is available. This home financing option is also applicable for shoplots, but with a lesser tenure of 20 years and higher profit rate.

Worth noting that whilst your property is under construction you will only be charged a fixed interest rate of 4.85% - which is a pretty sweet deal. And if you're worried about interest rate fluctuations, don't dwell on them too much, as the bank's profit rate is capped at a steady 10.6%.


Can you count the ways I can pay off my installments

If you are a government employee you can make payments via Biro PerkhidmatanAngkasa. Alternatives are standing instructions to make payments direct from your savings or current account.


Can I pay in excess of my fixed monthly payment?

You can deposit more on top of your monthly repayments, but currently Bank Rakyat will only count it as an advanced payment which will not deduct from your principal. This is not a flexi-loan.


How about insurance?

It is highly recommended that you take on the MRTT on order to protect you and your loved ones from dire situations, such as illness. Fire insurance is compulsory for most home loans as well.


Am I eligible for the Bank Rakyat Home Financing-iManziliSelesa?

You'll need to be:

  • A Malaysian Citizen
  • 18 years or older

What documents do I need to bring along to the bank?

Government/ Private Sector applicant:

  • A copy of the Identification Card (MyKad)
  • Copies of the latest 3 months payslips
  • Account / Bank statements of the latest 3 months (salary credited)
  • Latest EA Form / EPF statement


  • A copy of the Identification Card (MyKad)
  • Account / Bank statements of the latest 3 months
  • Form B submitted to the LHDN / payment receipt

Singaporean or Permenent Residence with fixed income:

  • A certified copy of the original valid passport
  • Employer Verification Letter
  • Copies of the latest 3 months payslips
  • Account / Bank statements of the last 3 months (salary credited)