Cash woes? A personal loan to the rescue!

    Bank Rakyat Personal Financing-i Civil Servant

    Bank Rakyat Personal Financing-i facility offers personal loan to civil servants so that they can meet their personal financing requirements. The loan package works on the concept of Tawarruq.

    Features and Benefits

    The following are the features and benefits of this loan:

    • You get this personal loan at both fixed and floating profit rates.
    • The duration of this loan is up to 10 years.
    • No guarantor is required for this loan.

    Profit Rates

    Fixed Rate

    Type of Payment Duration Rate
    • Salary Transfer
    • Biro Perkhidmatan Angkasa (BPA)
    • Salary Deduction
    Up to 3 years 4.54% p.a.
    Between 3 to 10 years 4.99% p.a.
    Instalments paid through electronic payment Up to 3 years 5.64% p.a.
    Between 3 to 10 years 6.26% p.a.

    Floating Rate

    Note: The Current Base Rate (BR) is 4.10% p.a.

    Type of Payment Duration Profit Rate Effective
    Salary Transfer Up to 3 years BR + 2.31% 6.41% p.a.
    3 years to 10 years BR + 2.94% 7.04% p.a.
    BPA and Salary Deduction Up to 3 years BR + 3.12% 7.22% p.a.
    3 years to 10 years BR + 3.65% 7.75% p.a.
    Electronic Payment Up to 3 years BR + 5.12% 9.22% p.a.
    3 years to 10 years BR + 5.65% 9.75% p.a.

    Fees and Charges

    Type of Fee Charges
    Wakalah/Agency Fee RM30.
    Stamp Duty 0.5% of the total financing as per the Stamp Duty Act of 1949.
    Late payment
    • During the financing term, 1% p.a. is charged on the outstanding balance of the monthly payment.
    • After expiry of the financing term, the charge depends on the prevailing Islamic Interbank Money Market Rate levied on the outstanding principal balance.

    Eligibility Criteria

    • Nationality criterion-Malaysian citizen.
    • Age criteria:
      • Minimum age – 18 years
      • Maximum age - 60 years
    • Income criteria:
      • A minimum fixed monthly income of RM1,000 including fixed allowances.
    • You should be in the following nature of service for at least 3 months:
      • Public sector
      • GLC Companies
      • GLC Subsidiary

    Documents Required to apply for this loan?

    • A photocopy of your MyKad.
    • Last 3 months’ pay slip.
    • Last 3 consecutive months’ bank statements showing your salary credit.
    • A confirmation letter from your employer or EA Form.

    How to Apply for Bank Rakyat Personal Financing-i?

    Online: You can apply for the Bank Rakyat Personal Financing-i Public Sector loan through the official website of Bank Rakyat. You can click on the ‘Apply Now’ tab available on the product page to complete the application process.

    Offline: Alternatively, you can visit the nearest Bank Rakyat branch and request to apply for the loan.


    Q. What is the maximum financing amount that this loan provides?

    A. The maximum financing amount that you can get is up to RM200,000.

    Q. Is it mandatory for me to take the takaful coverage?

    A. No. It is optional. However, it is advisable to take the coverage. You can either take it from the takaful operator selected by the bank or from any other operator within Malaysia.

    Q. Can I fully settle the financing before its maturity period?

    A. Yes. In this case, the bank will give you a rebate (ibra') on the profit you did not accrue.

    Q. What are the different instalment methods that the bank offers to its customers?

    A. The following are the different methods available:

    • Electronic payment
    • Salary deduction
    • Salary transfer to the bank
    • Biro Perkhidmatan Angkasa

    Q. How do I inform the bank if there are any changes to my contact details?

    A. You can inform the bank in the following manner:

    • Contact/call the Call Centre number at 1-300-88-5454.
    • Visit the nearby branch of the bank.
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