Bank rakyat personal loan ccris

 

bank rakyat personal loan ccris

Bank Rayat Personal Financing-i Swasta is the personal loan package that is catered for private sector professionals such as doctors, engineer, lawyer and public listed companies employees . This is a personal loan for private sector unlike typical loans from Bank Rakyat which is catered for public sectors. The loan is fully Islamic compliant while it is based on Tawarruq concept.

Financing-i Swasta is a partially unsecured loan collateral is not needed however a guarantor may be needed when required by bank as a form of security. This loan offers from RM 2,000 up to RM 150,000 of financing. This amount of financing offered would a maximum of 5 times salary for those earning RM 2,000 to RM 4,000 , 15 times salary for those who are earning RM 4,000 to RM 6,000  and 25 times salary for those who are earning above RM 6,000 per month.

Interest rates of this loan would vary depending on loan amount. At the moment of writing, the interest rates provided by this loan is quite competitive among other private loans in Malaysia.  You can also enjoy better rate if you pay via Bank Rakyat’s saving account and Takaful package while having higher salary and stable employement. The table above summarizes the interest rates for Bank Rakyat Personal Loan. The rates are tied with Base Rate from Bank Rakyat. Interest Rates are negotiable based on profile of the private company one is attached to.

Bank rakyat personal loan ccris

Bank Rakyat is well known for its great service in providing an Islamic loan. Bank Rakyat Personal Financing-i Private Sector offering highly competitive rate in the market with floating rate of 6.16% p.a up to 6.89% p.a, which is specially designed to meet your financial needs. Bank Rakyat Personal Financing-i Private Sector is focusing on full-time employees of private sector organizations. Meanwhile, selected company by Bank Rakyat will enjoy lower profit rate, as low as 4.95% per annum. The approval process is within 5 business days and there is no need for any guarantor or collateral in order to apply for the loan.

There will be stamp duty fee of 0.5% of the loan amount and late payment charges of 1% p.a on outstanding amount. You are entitled to enjoy a minimum loan tenure of 1 year to 10 years depending on your salary with amount of financing up to RM150,000 or 5x to 25x of monthly gross salary. To be eligible to apply for this loan, your minimum monthly gross income should be at least RM2,000 and you must be at least 18 years old. You will also need a good credit record (CTOS/CCRIS) which means all of your overdue payments for all commitments should be settled off.

Applicant must be a confirmed full-time employee in a private sector organization with a minimum gross salary of RM2,000 per month including fixed allowances.

Bank Rayat Personal Financing-i Swasta is the personal loan package that is catered for private sector professionals such as doctors, engineer, lawyer and public listed companies employees . This is a personal loan for private sector unlike typical loans from Bank Rakyat which is catered for public sectors. The loan is fully Islamic compliant while it is based on Tawarruq concept.

Financing-i Swasta is a partially unsecured loan collateral is not needed however a guarantor may be needed when required by bank as a form of security. This loan offers from RM 2,000 up to RM 150,000 of financing. This amount of financing offered would a maximum of 5 times salary for those earning RM 2,000 to RM 4,000 , 15 times salary for those who are earning RM 4,000 to RM 6,000  and 25 times salary for those who are earning above RM 6,000 per month.

Interest rates of this loan would vary depending on loan amount. At the moment of writing, the interest rates provided by this loan is quite competitive among other private loans in Malaysia.  You can also enjoy better rate if you pay via Bank Rakyat’s saving account and Takaful package while having higher salary and stable employement. The table above summarizes the interest rates for Bank Rakyat Personal Loan. The rates are tied with Base Rate from Bank Rakyat. Interest Rates are negotiable based on profile of the private company one is attached to.

This Personal Loan is only for Malaysians who are private sector employees or government-linked company workers making their first loan application. Your interest rate will be calculated based on the latest Base Rate by BNM .

You will be able to borrow as much as RM 150000. If you earn less than RM 2000 a month, you can borrow up to 5 times your monthly salary. If you earn between RM 2000 and RM 4000 a month, you can be financed for up to 15 times that amount. If you earn between RM 4001 and RM 6000 a month, the maximum financing is up to 20 times your monthly salary. If you earn more than RM 6000 per month, you can borrow up to 25 times that amount.

What you see is what you get! This Personal Financing-i product has no processing fees and there are no hidden charges. With that said, you must pay Government Stamp Duty, which adds up to 0.5 % of the total borrowed amount.

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