Loan amount 5k–150k

Tenure2-10 Years

Age 20-58 Years

Min Income 18k

Gov. employee & GLV

A few business days

SEE IF YOU QUALIFY


Borrow RM Monthly Repayment
RM


Interest Rate

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How Long
My monthly income
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Public Bank BAE Personal Financing-i

An unsecured, flat rate Bai Al-Einah personal financing plan for Government and Public Sector workers.

    • Financing up to RM150k
    • 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

Financial Value                   Financial Period         Your Income           Profit Rate

RM5000 – RM150000      24 to 120 months       min. RM18000       3.99% p.a.

 

Fees & Charges

There are always fees but how much are they?

Profit Rate / APR - As low as 3.99% p.a., depending on financing amount and period

Processing Fee - RM106.00

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.

*inclusive of 6% GST

 

Requirements

Are you eligible for this personal financing?

Minimum annual income - RM18000

Minimum age - 20 years old

Maximum age - 58 years old

Who can Apply

  • Malaysians
  • Government employee
  • Government-Linked Company employee
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Frequently Asked Questions about Public Bank BAE Personal Financing-i

Things you might want to know

How to apply for Public Bank BAE Personal Financing-i

Who is eligible for Public Bank BAE Personal Financing-i?

Only employees of Government and Government Linked Companies may apply for this personal loan product.

 

How much money can I borrow?

Public Bank’s BAE Personal Financing-i provides personal loans of RM5,000 to RM150,000, with repayment terms between two to ten years.

Applications are credit checked before Public Bank approves a loan amount. To give you an idea of the borrowing limit, in most cases your fixed monthly repayment should be less than 60% of your monthly salary.

 

How much does this personal loan cost?

Public Bank charges a processing fee of RM100 and Stamp Duty calculated as 0.5% of the total amount borrowed. Further administration charges vary according to the amount that you are borrowing and the type of Security Documents you need to provide.

 

What do I need to apply for this personal loan?

No deposit, guarantor or collateral is required when making a BAE Personal Financing-i application, this is unsecured personal loan. You will only need to provide a few supporting documents:

  • Copy of NRIC (front and back).
  • Latest 3 month’s salary slips or EPF statements.
  • Letter from Employer confirming position and salary.
  •  

How do I get my hands on the money?

Loan approval takes a few business days to process. Once approved your borrowed funds will be transferred to the Public Bank account of your choice.

 

How do I pay the money back?

Installments must be deducted directly from your monthly salary until the loan is cleared.

 

Can I pay my Public Bank BAE Personal Financing-i loan off early?

Yes, you can settle your loan at any time. There is no early termination fee.

 

Is Public Bank BAE Personal Financing-iSyariah compliant?

Yes, this personal finance product is compliant with the Bai Al-EinahSyariah standard.