Bank Rakyat Personal Financing-i Public

  • Loan amount up to 5k-200k
  • Tenure 1-10 Years
  • Age 18-60 Years
  • Min Income 12k
  • Gov. Employee and GLC
  • A few business days

Borrow RM Monthly Repayment

Interest Rate

How Long
My monthly income
As a

Bank Rakyat Personal Financing-i Public

The only thing of low interest about this personal loan is the rate - short-term financing for government and GLC employees

    • Financing up to RM200k
    • Up to 10 years tenure
    • Unsecured Islamic Financing
    • Takaful insurance required



Interest Rates

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


Financing Value                     Financing Period        Your Income         Profit Rate

RM5000 – RM200000          12 to 120 months        min. RM12000      4.54% p.a.


Fees & Charges

There are always fees but how much are they?

Profit Rate / APR - As low as 4.54% p.a., depending on financing amount and period

Late Payment Charge - 1% from current outstanding amount

Mode of Payment - You must pay your financing installment by salary deduction.

Insurance - You must take takaful insurance with this financing.



Are you eligible for this personal financing?


Minimum annual income - RM12000

Minimum age - 8 years old

Maximum age - 60 years old

Who can Apply

  • Malaysians
  • Government employee
  • GLC employee


Frequently Asked Questions about Bank Rakyat Personal Financing-i Public

Things you might want to know


Who can apply for Bank Raykat Personal Financing-i Public?

This personal loan is strictly for Government employees with minimum three months employment. If you do not fall into the category do not try and apply as you will be disappointed.


How much money can I borrow?

Subject to the outcome of a successful credit check you can borrow up to RM200000. You can opt for a fixed or floating interest rate based on the Base Rate ( BR) which is generally lower but is subjected to market conditions. If you decide to go with the Takaful proctection plan, you profit rates will go even lower!


How much does it cost to apply for Personal Financing-i Public?

There are no processing fees for this loan. You only have to pay for the Government Stamp Duty which is 0.5% of the loan amount. The Bank will ask you to sign up for Takaful insurance - you can also include the one time premium for that in your loan.


What do I need to apply for this personal loan?

You don't need a guarantor or any extra security. The documents you'll have to provide are:

First time applicant

  • Copy of MyKad (front and back)
  • Last three month’s pay/salary slip
  • Latest 3 months pay slip bank statement if your pay is deposited in other bank
  • Reference / Certification Letter from your employer or head of department or EA form

For Returning customer

  • Copy of MyKad (front and back)
  • Latest 3 months' pay/salary slip

How do I get my hands on the money?

Bank Rakyat will process your loan as fast as they can, that may take a few business days. The money you are borrowing will be transferred to the account of your choice once all documents are finalised.


How do I pay the money back?

You have three options to pay your monthly installment. You can choose Angkasa Service Bureau (Biro Perkhidmatan Angkasa), auto salary deduction or auto deduction from the saving account where your salary is credited. When you sign up for this loan, you'll need to sign a letter allowing the bank to deduct automatically.


Can I pay my Bank Rakyat personal loan off early?

Absolutely. There will be no penalty and Bank Rakyat even give you a rebate for the interest charged to the loan amount when you settle your loan earlier then agreed.