Bank Rakyat Personal Financing-i Public Sector
| Pay | Profit Rate | Max. Financing Amount | Total payment |
| RM 853 / mth | 2.31% p.a. | RM 200,000 | RM 10,231 |
| Pay | Profit Rate | Max. Financing Amount | Total payment |
| RM 853 / mth | 2.31% p.a. | RM 200,000 | RM 10,231 |
I appreciate that Bank Rakyat was upfront about the fees, so no surprises there. However, the approval took longer than expected. They could improve on being more efficient, but otherwise, a decent experience.
I applied for the loan, and within 3 days, I received the funds. The staff was very helpful, and the process was straightforward. I got a fair interest rate, and everything was clear. Very happy with Bank Rakyat’s service!
My Personal Loan With Bank Rakyat approval was straightforward, but it was slower than I hoped for. The interest rate was reasonable, but nothing great. If you don’t mind waiting, it’s a decent loan.
I applied for a loan with Bank Rakyat, and it took forever to get approved! I had to chase them multiple times. By the time they approved it, I already gave up! Really disappointed with the slow process lah!
I called so many times to ask about my loan status but no one picked up. When I finally got through, they didn’t really help much. The whole experience was so bad. Seriously, can do better, Bank Rakyat.
Interest Rate Terlalu Tinggi!!! The interest rate they gave me was ridiculously high! I thought it was a good offer, but now I regret taking it. So many other banks have better rates, don’t bother with this one.
The loan took a long time to approve, and I had to keep following up. Finally, it was approved, but the whole process was so slow lah. The staff could have been faster in replying. Not my first choice.
I applied for the loan because I needed money urgently, but it took longer than expected. Even after I completed all the documents, I had to wait almost a week for approval. I thought Bank Rakyat would be faster.
The loan process was full of paperwork! I had to keep going back to submit more things. It wasn’t the smoothest experience. Still got my loan, but the process could have been simpler.
Everything went okay, but I had to wait too long for approval. I’ve applied for other loans before, and they were faster. Bank Rakyat can improve in that area. Otherwise, no big complaints.
Profit Rate
Bank Rakyat offers competitive profit rates starting from 3.42% p.a., depending on the loan amount and repayment period.
| Feature | Details |
|---|---|
| Profit Rate | From 3.42% p.a. to 5.22% p.a. (depending on loan amount and repayment period) |
| Pinjaman Minimum | RM5,000 |
| Pinjaman Maksimum | Up to RM400,000 |
| Tempoh Maksimum Pembiayaan | Up to 10 years (120 months) |
| Takaful Coverage | Optional: Takaful contribution required for lower profit rates |
| Tempoh Kelulusan | Approval within 5 working days |
| Example Repayment | For RM10,000 loan over 2 years: RM445.17/month, total repayment: RM10,649.99 |
| Processing Fee | RM28.30 for Wakalah Fee (inclusive of Brokerage Fee) |
| Stamp Duty | 0.5% of the loan amount |
| Other Charges | Late Payment Fee: 1% p.a. on the outstanding balance |
| Eligibility Criteria | – Age: 18-60 years – Minimum Monthly Income: RM1,600 – Must be a Malaysian citizen – Must be employed in the public sector or a GLC company |
| How to Apply | Submit required documents and undergo the approval process (within 5 working days) |
| Loan Usage | Home improvement, education, wedding, and other personal financial needs |
For a RM10,000 loan over 2 years, the monthly repayment would be RM445.17 at an interest rate of 3.42% p.a. The total repayment amount will be RM10,649.99.
To qualify for Bank Rakyat Personal Financing-i Public, applicants must meet the following conditions:
Applicants need to submit the following documents:
Once the application is submitted, approval will take 5 working days.
This loan can be used for various personal financial needs, including:
This format provides a detailed and organized overview of the Bank Rakyat Personal Financing-i Public, making it easy for potential applicants to understand the key features, fees, eligibility, and application process.