Bank Rakyat Personal Financing-i Public Sector

Bank Rakyat Personal Financing-i Public Sector

Key Features

  • Approved financing amount of up to RM200,000
  • Options of fixed rate or floating rate starting at 4.54% p.a or 2.31% p.a respectively
  • Takaful coverage is optional

Other Features

  • Approval Duration: Up to 3 business days
  • Min. Financing Amount: RM 10,000
  • Max. Financing Amount: RM 200,000
  • Min Financing Tenure: 1 year
  • Max Financing Tenure : Up to 10 years
  • Profit Rate: Profit rate as low as 3.29%- 4.99% per annum depending on rate type, payment type and tenure

Eligibility

  • Age Requirement: 18-60 years old
  • Min. Monthly Salary: RM 1,000
  • Need to open linked bank account: Optional
  • Guarantor Collateral Requirement: N/A

Fees and Charges

  • Processing Fees: Free
  • Stamp Duty: 0.5% of loan amount
  • Early Settlement: N/A
  • Late Payment Charges: 1% on outstanding financing amount
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