Compare Government/GLC Personal Loans in Malaysia 2024

Looking for the best government personal loans in Malaysia? Compare and get a government personal loan with interest rates as low as 3.2%! Use the government personal loan calculator to check for your monthly repayments and apply online for free! Get approval within 24 hours.

Featured Government Personal Loans

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Government Personal Loans

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

CBP Pembiayaan Peribadi - I

CBP Pembiayaan Peribadi - I Islamic

Profit Rate: 2.67 %

( Effective Rate: 5.04% )

Monthly Payment: RM 189

(Total Repayment: RM 11,335)

Apply
More About This Product
  1. Minimum loan amount: RM 5,000.00
  2. Maximum loan amount: RM 200,000.00
  3. Minimum Tenure: 12 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 18 Years Old
  6. Maximum Age: 60 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:

    No Guarantor Needed

    Payslip Collection Required
Fees and charges
  1. Stamp Duty: 0.5% from Loan Amount + RM20
  2. Processing Fee: N/A
  3. Late Payment Fee: N/A
  4. Early Settlement Fee: N/A
  5. Handling Fee: 50
  6. APR: %
RHB Personal Financing-i for Civil Sector

RHB Personal Financing-i for Civil Sector

Profit Rate: 3.0 %

( Effective Rate: 5.64% )

Monthly Payment: RM 192

(Total Repayment: RM 11,500)

Apply
More About This Product
  1. Minimum loan amount: RM 2,000.00
  2. Maximum loan amount: RM 300,000.00
  3. Minimum Tenure: 24 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 18 Years Old
  6. Maximum Age: 58 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:

    No guarantor required
Fees and charges
  1. Stamp Duty: RM10
  2. Processing Fee: RM30
  3. Late Payment Fee: 1% on outstanding loan amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
  6. APR: %
RHB Personal Financing-i for Pensioner

RHB Personal Financing-i for Pensioner

Profit Rate: 3.79 %

( Effective Rate: 7.05% )

Monthly Payment: RM 199

(Total Repayment: RM 11,895)

Apply
More About This Product
  1. Minimum loan amount: RM 5,000.00
  2. Maximum loan amount: RM 100,000.00
  3. Minimum Tenure: 36 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 40 Years Old
  6. Maximum Age: 67 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:


    • Only for Pensioners's of Malaysian Government Servant

    • No Guarantor or Collateral Required
Fees and charges
  1. Stamp Duty: RM10
  2. Processing Fee: RM50
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: None
  5. Handling Fee: None
  6. APR: %
BSN MyRinggit (PUBLIC SECTOR)

BSN MyRinggit (PUBLIC SECTOR)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

Apply
More About This Product
  1. Minimum loan amount: RM 5,000.00
  2. Maximum loan amount: RM 200,000.00
  3. Minimum Tenure: 12 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 18 Years Old
  6. Maximum Age: 60 Years Old upon loan maturity
  7. Conventional Loan
  8. Special Requirements:


    • Works in government sector / GLA / GLC / organizations which has the facility of salary deduction through BPA

    • Permanent employee who has been employed for 3 months and above

    • Contract / temporary employee (over 12 months' service)

    • BSN GIRO/i Account holders
Fees and charges
  1. Stamp Duty: 0.5% loan amount
  2. Processing Fee: N/A
  3. Late Payment Fee: 1% of the per annum on the outstanding payments
  4. Early Settlement Fee: N/A
  5. Handling Fee: N/A
  6. APR: %
Cash-i (Government, GLCs, GLICs & Employers under Empanelment Program)

Cash-i (Government, GLCs, GLICs & Employers under Empanelment Program)

Profit Rate: 4.65 %

( Effective Rate: 8.55% )

Monthly Payment: RM 206

(Total Repayment: RM 12,325)

Apply
More About This Product
  1. Minimum loan amount: RM 10,000.00
  2. Maximum loan amount: RM 400,000.00
  3. Minimum Tenure: 24 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 18 Years Old
  6. Maximum Age: 60 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:

    Government Employees


    • Federal and State Governments

    • Confirmed position or is a permanent staff




    Newly Employed Civil Servant (NECS)


    • Employment less than 1 year




    Contract Government Servant


    • More than 1 year working experience

    • Grade 41 and above except Nurse U29
Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. of total outstanding amount
  4. Early Settlement Fee: Ibra'
  5. Handling Fee: RM50
  6. APR: %
Bank Muamalat Personal Financing-i (3P Special Package, 3PS)

Bank Muamalat Personal Financing-i (3P Special Package, 3PS)

Profit Rate: 4.95 %

( Effective Rate: 9.07% )

Monthly Payment: RM 208

(Total Repayment: RM 12,475)

Apply
More About This Product
  1. Minimum loan amount: RM 5,000.00
  2. Maximum loan amount: RM 150,000.00
  3. Minimum Tenure: 36 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 45 Years Old
  6. Maximum Age: Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:

    Employment under "Tetap & Berpencen" category

    For LLP - at least 18 years in services

    For Officer - Minimum 5 years before retirement

     
Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949
  2. Processing Fee: None
  3. Late Payment Fee: 1% p.a. on total outstanding amount
  4. Early Settlement Fee: None
  5. Handling Fee: None
  6. APR: %
MBSB Mumtaz-i

MBSB Mumtaz-i

Profit Rate: 5.8 %

( Effective Rate: 10.51% )

Monthly Payment: RM 215

(Total Repayment: RM 12,900)

Apply
More About This Product
  1. Minimum loan amount: RM 3,000.00
  2. Maximum loan amount: RM 250,000.00
  3. Minimum Tenure: 24 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 19 Years Old
  6. Maximum Age: 60 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:

     


    • Government Employee

    • Employee of Government Link-Company (GLC)

    • State Government Link-Company

    • Local Council

     
Fees and charges
  1. Stamp Duty: None
  2. Processing Fee: None
  3. Late Payment Fee: 1% of the total outstanding loan amount and not compounded
  4. Early Settlement Fee: None
  5. Handling Fee: None
  6. APR: %
Bank Rakyat Personal Financing-i Public Sector

Bank Rakyat Personal Financing-i Public Sector

Profit Rate: 6.25 %

( Effective Rate: 11.27% )

Monthly Payment: RM 219

(Total Repayment: RM 13,125)

Apply
More About This Product
  1. Minimum loan amount: RM 5,000.00
  2. Maximum loan amount: RM 200,000.00
  3. Minimum Tenure: 0 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 18 Years Old
  6. Maximum Age: 60 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:


    • No Guarantor is Required

    • Minimum of three (3) months in service

    • Service in Public sector, GLC Companies and GLC Subsidiary
Fees and charges
  1. Stamp Duty: 0.5% of the financing amount
  2. Processing Fee: Wakalah or agency fee of RM28.30
  3. Late Payment Fee: 1% p.a. of amount in arrears
  4. Early Settlement Fee: Rebate (Ibra’) will be given on the deferred profit
  5. Handling Fee: None
  6. APR: %
Bank Rakyat Personal Financing-i for Pensioner

Bank Rakyat Personal Financing-i for Pensioner

Profit Rate: 6.38 %

( Effective Rate: 11.48% )

Monthly Payment: RM 220

(Total Repayment: RM 13,190)

Apply
More About This Product
  1. Minimum loan amount: RM 5,000.00
  2. Maximum loan amount: RM 100,000.00
  3. Minimum Tenure: 12 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 45 Years Old
  6. Maximum Age: 65 Years Old upon financing maturity
  7. Islamic Financing
  8. Special Requirements:


    • No Guarantor is Required

    • Takaful Insurance is Optional

    • Maximum amount of RM100,000 or  Maximum 15x your monthly gross pension.
Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: Wakalah or agency fee of RM28.30
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: Rebate (Ibra’) will be given on the deferred profit
  5. Handling Fee: None
  6. APR: %
YIR Personal Financing

YIR Personal Financing

Profit Rate: 6.65 %

( Effective Rate: 11.93% )

Monthly Payment: RM 223

(Total Repayment: RM 13,325)

Apply
More About This Product
  1. Minimum loan amount: RM3,000
  2. Maximum loan amount: RM250,000
  3. Minimum Tenure: 12 Month(s)
  4. Maximum Tenure: 120 Month(s)
  5. Minimum Age: 20 Years Old
  6. Maximum Age: 58 Years Old
  7. Islamic Financing
Fees and charges
  1. Stamp Duty: As per the Stamp Duty Act 1949

Showing 10 of 15 Packages

Frequently Asked Questions (FAQ)

A government/GLC personal loan is an unsecured funding option provided specially for government employees or employees in the public sector. A government/GLC personal loan is not provided by the government because they are not a financial institution. It is provided by several banks which have the jurisdiction to provide loans to the public.

These are the features and benefits of a government/GLC personal loan:

  • You can get affordable financing options
  • You can choose between a fixed interest rate or a floating interest rate
  • You don’t need a guarantor
  • Your monthly repayments will be auto-deducted from your salary
  • You can get a maximum loan tenure of 10 years

The interest rate is calculated based on what type of interest rate you have chosen. The banks allow you to choose between a fixed interest rate or a floating interest rate. A fixed interest rate will not change throughout your loan tenure whereas a floating interest rate will vary depending on the banks’ base rate (BR).

Monthly repayments for a government/GLC personal loan will be deducted directly from your salary, therefore you will not have to worry whether you have made your monthly repayments. However, if you want to pay off your loan earlier, you will have to inform the bank ahead of time. This is because the process to stop deducting your monthly salary will take a certain period of time.

These are the criteria to apply for a government/GLC personal loan:

  • You must be a Malaysian citizen or a permanent resident.
  • You have to be 18 to 60 years old upon loan maturity.
  • You must have a minimum monthly gross income of RM1,000.
  • You have to be a GLC employee or a public sector employee.
  • You have to be working for at least 3 months.
However, scheduled_income_tax_deduction banks’ requirements may differ from the above. Make sure to check with your respective bank on their requirements.

On Loanstreet, just press apply and fill in your details. We will submit your application to the respective bank and you will receive an email from us within 1 working day. The email will state whether you will have to apply through the bank’s website or walk into the bank itself.

These are the documents you will need to apply for a government/GLC personal loan:

  • A copy of your NRIC
  • Latest 3 months of pay slips
  • Latest EPF statement
  • Confirmation letter from your employer
However, do check with your respective bank on what documents you will need, as some banks may require more documents than the ones stated above.

Every bank has a different processing time to approve your application. However, it would usually take an hour up to 5 working days to get an approval from the bank. Once your application has been approved, your loan will normally be given to you a day after approval. To make the processing time faster and more efficient, make sure to submit all the relevant documents with the correct details.