Bank Rakyat Personal Financing-i for Pensioner
Min. interest rate7.80% p.a.
Max. Loan amountRM 100,000
Max. Tenure10 years
Min. interest rate7.80% p.a.
Max. Loan amountRM 100,000
Max. Tenure10 years
Shariah financing for public sector pensioners, up to RM100,000 at rates from 6.3% p.a. No guarantor needed!
Calculate your monthly repayment
*Profit rate, monthly repayment, and total repayment amount displayed are estimates for illustrative purposes only. The actual financing terms, including the approved amount, and final profits are subject to assessment and approval by the lending party.
Fees and Charges
Profits RateAs low as 7.80% p.a.**Subject to terms and conditions
Stamp Duty
0.50%0.50% of the total amount
Processing Fee
RM 28.30For Wakalah Fee (inclusive of Brokerage Fee)
Late Payment Fee
1.00% on such overdue amount
Early Termination Fee
Exempted
Eligibility
Min. IncomeRM 800per monthRM 9,600 per year
Who Can Apply?Malaysian citizens45 - 70 years old
Employment Status
- Government Pensioner only
Documents required to apply
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- Letter of employment or employer confirmation
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profits Rate |
|---|---|---|---|
| RM 10,000 - RM 100,000 | 12 - 120 months | min. RM 9,600 | 7.80% p.a. - 8.15% p.a. |
Features
• No Collateral or Guarantor Required
• Can borrow up to 15x of your monthly gross pension
• Fixed Profit Rate as low as 6.3%p.a - 6.65%p.a
• Shariah compliant
• Minimum loan amount: RM10,000
• Maximum loan amount: RM100,000
• Minimum duration of the loan: 12 months
• Maximum duration of the loan: 120 months