Compare Government/GLC Personal Loans in Malaysia 2018

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Government Personal Loan

Showing personal loan packages for loan amount of RM 10,000 over 5 years

Personal Financing-I (Government Sector)

Personal Financing-I (Government Sector)

Profit Rate: 3.5 %

( Effective Rate: 6.54% )

Monthly Payment: RM 196

(Total Repayment: RM 11,750)

More About This Product
  1. Maximum loan amount: RM 400,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 19 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required, Mode of payment Salary Deduction

Fees and charges
  1. Stamp Duty: None
  2. Processing Fee: RM120
  3. Late Payment Fee: 1% of amount arrear
  4. Early Settlement Fee: 5% of remaining loan amount if loan repiad before 5 years. No penalty otherwise
  5. Handling Fee: None
Bank Rakyat Personal Financing-I Public

Bank Rakyat Personal Financing-I Public

Profit Rate: 3.9 %

( Effective Rate: 7.24% )

Monthly Payment: RM 200

(Total Repayment: RM 11,950)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required, Mode of payment Salary Deduction

Fees and charges
  1. Stamp Duty: 0.4% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SCOP Super Klasik B

BSN SPD SCOP Super Klasik B

Interest Rate: 3.9 %

( Effective Rate: 7.24% )

Monthly Payment: RM 200

(Total Repayment: RM 11,950)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, Royal Malaysian Police Force

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD BPA Super Klasik B

BSN SPD BPA Super Klasik B

Interest Rate: 3.9 %

( Effective Rate: 7.24% )

Monthly Payment: RM 200

(Total Repayment: RM 11,950)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SKAP Super Klasik B

BSN SPD SKAP Super Klasik B

Interest Rate: 3.9 %

( Effective Rate: 7.24% )

Monthly Payment: RM 200

(Total Repayment: RM 11,950)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, Federal Government Servant

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SKAN Super Klasik B

BSN SPD SKAN Super Klasik B

Interest Rate: 3.9 %

( Effective Rate: 7.24% )

Monthly Payment: RM 200

(Total Repayment: RM 11,950)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, State Government Servant

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD BPA Klasik

BSN SPD BPA Klasik

Interest Rate: 4.0 %

( Effective Rate: 7.42% )

Monthly Payment: RM 200

(Total Repayment: RM 12,000)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SKAP Klasik

BSN SPD SKAP Klasik

Interest Rate: 4.0 %

( Effective Rate: 7.42% )

Monthly Payment: RM 200

(Total Repayment: RM 12,000)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, Federal Government Servant

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SKAN Klasik

BSN SPD SKAN Klasik

Interest Rate: 4.0 %

( Effective Rate: 7.42% )

Monthly Payment: RM 200

(Total Repayment: RM 12,000)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, State Government Servant

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SCOP Klasik

BSN SPD SCOP Klasik

Interest Rate: 4.0 %

( Effective Rate: 7.42% )

Monthly Payment: RM 200

(Total Repayment: RM 12,000)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, Royal Malaysian Police Force

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD ATM

BSN SPD ATM

Interest Rate: 4.5 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,250)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    Malaysian Armed Force Personnel

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
RHB Personal Financing – i for Public

RHB Personal Financing – i for Public

Profit Rate: 4.5 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,250)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 58 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    1. Minimum income RM2,000 (inclusive fixed allowance)

    2. Takaful coverage

    3. Only for Malaysian Civil Servants under Federal Government and selected government agencies.

Fees and charges
  1. Stamp Duty: RM 10.00
  2. Processing Fee: 0
  3. Late Payment Fee: 0
  4. Early Settlement Fee: 0
  5. Handling Fee: 0
BSN SPD SCOP Klasik (RBP)

BSN SPD SCOP Klasik (RBP)

Interest Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, Royal Malaysian Police Force

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN SPD SKAP Klasik (RBP)

BSN SPD SKAP Klasik (RBP)

Interest Rate: 4.6 %

( Effective Rate: %)

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon loan maturity
  5. Conventional Loan
  6. Special Requirements:

    BSN GIRO/GIRO-i Account Holder, Federal Government Servant

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Personal Financing-i for Pensioner

Personal Financing-i for Pensioner

Profit Rate: 4.97 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,485)

More About This Product
  1. Maximum loan amount: RM 100,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 55 Years Old
  4. Maximum Age: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    None

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Public Bank BAE Personal Financing-i

Public Bank BAE Personal Financing-i

Profit Rate: 4.99 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,495)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 20 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    1. Only for Government employee and GLC employee.

    2. Takaful insurance is required.

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: RM100
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Rakyat Personal Financing-I Civil Servant (Rakan Pintar)

Bank Rakyat Personal Financing-I Civil Servant (Rakan Pintar)

Profit Rate: 6.15 %

( Effective Rate: %)

Monthly Payment: RM 218

(Total Repayment: RM 13,075)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Takaful Insurance Required

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
Ambank Personal Financing-i

Ambank Personal Financing-i

Profit Rate: 6.9 %

( Effective Rate: %)

Monthly Payment: RM 225

(Total Repayment: RM 13,450)

More About This Product
  1. Maximum loan amount: RM 200,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 18 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Rate is lower with Perkhidmatan Angkasa (BPA), 4.30% per annum.

Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: 4% of borrowed amount
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
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Frequently Asked Questions (FAQ)

A personal loan is an unsecured loan borrowed from a bank, credit union or online lender that you can use for any reason you have, and you would need to pay it back in fixed monthly payments.

An unsecured loan is not protected by any collateral, so if you happen to default on the loan, the lender is not able to automatically take your assets.

A secured loan is usually protected with a collateral (most of the time it's your property), and the interest rate in this type is lower than an unsecured loan. It can be more risky because you might lose your property if you are not able to make the payments, so it's important to understand how secured loans work.

A conventional loan follows the Conventional Financing Principles where lenders lend to borrowers to make a profit from the interest charged on the principal amount. For property loans, the borrower pays an interest on the outstanding principal amount. Interest rates can be fixed or based on a floating rate (e.g. BLR, KLIBOR).

An Islamic loan follows the Islamic Financing Principle which avoids interest-based transactions (Riba), and instead introduces the concept of buying something on the borrower’s behalf, and selling it back to the borrower for a profit. In place of interest, a profit rate is defined in the contract. Like Conventional Financing, profit rates can be fixed or based on a floating rate (e.g. BFR).

Interest rates

Interest rates in Malaysia are usually charged on a flat rate basis. The flat interest rate refers to the type where the interest is charged on the original amount, thus having nothing to do with what was paid initially.

It's possible but can be very hard to get a personal loan if you're unemployed because all the banks will request to provide a proof of income. Usually the best loan terms and rates are often reserved for customers with a good credit history, and for those in employment.

Generally, banks are reluctant to lend to students, as they're unlikely to be employed any time soon and may struggle to make repayments on time.

A short-term loan is one which is scheduled to be repaid in less than a year and the interest rate for this type of loan will usually be higher than a long-term loan. However, at the end of the term, you pay less interest than the longer duration loans.