Bank Rakyat Personal Loan
By Datoloan, on July 19th, 2010
Bank Rakyat Personal Financing-i 1ASLAH
Benefit
- Low monthly instalment
- Fast Approval
- No guarantor and collateral
- Profit rate as low as 3.25%
Eligibility
- Malaysian citizens between the ages of 18 and 55 years (58 years old – government employees only)
- Government employees with a minimum income of RM700.00
- Private sector employees with an income of RM3000.00
- Employees in service for not less than 3 years
- Financing of up to RM200,000.00* or monthly deductions not exceeding 60% of gross monthly income
- Repayment Tenure: Maximum of 20 years
- Repayment Method
- Biro Perkhidmatan Angkasa (BPA)
- Employee Salary Deduction
- Savings Account Deduction
Rate:
| Financing Tenure (Year) |
Member |
Non-Member |
| 1-3 |
3.25% |
3.30% |
| 4 – 5 |
4.25% |
4.30% |
| 6 – 7 |
4.75% |
4.80% |
| 8 – 15 |
4.85% |
4.90% |
| 16 – 20 |
5.20% |
5.25% |
For more information, please visit here.
Dear Sir/Madam,
I would like to confirm that this loan package is offered & applicable to every Malaysian? I’m a 27 years old Malaysian (Chinese region) and currently i’m getting interest to get a saving account at Bank Rakyat soon. I’m working at a private company and fulfill the income requirement. So, i’ve below question:
1) How many salary times of loan amount possible offer for me?
2) After i got a B.Rakyat saving account, is that mean that i’m already as ‘Member’ and i could take the ‘Member’ rate?
3) What is the required documentation for this application?
4) Who should i contact, my location is very near to Bayan Baru, Penang.
Hope i can get all my answer if possible…
Regards,
KC
Please go to the nearest Bank Rakyat branch to find out whether you are eligible to apply. First your company must be listed in thier panel list in order to apply and your company must allow to do salary deduction with the bank.