Bank Rakyat Interest Rate Personal Loan

The published rates fees and charges are effective from 1st april 2019 following the implementation of 6 sst from 1st september 2018.

Bank rakyat interest rate personal loan. Bank rakyat personal financing i private sector offering highly competitive rate in the market with floating rate of 5 09 p a up to 6 95 p a which is specially designed to meet your financial needs. If you decide to go without the takaful protection plan an additional rate of 1 5 will be charged over the current profit rate. Base rate br 2 60 effective on 15 july 2020 onwards profit rate p a. Interest rates are negotiable based on profile of the private company one is attached to.

The rates are tied with base rate from bank rakyat. The table above summarizes the interest rates for bank rakyat personal loan. Bank rakyat is well known for its great service in providing an islamic loan. Minimum age of 18 years and maximum 60 years old at the end of the financing tenure.

Terms conditions apply. This loan subjected to 0 5 stamp duty which is based on the financing amount based on stamp duty act 1949. At the time of writing bank rakyat s base rate is 3 85. Minimum fixed monthly income of rm 2 000 including fixed allowances.

The profit rate charged to this personal financing is floating based on your selected installment payment methods. Effective financing rate for home financing i financing amount of rm350 000 above 30 years tenure no lock in period.