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

MBSB Mumtaz-i

MBSB Mumtaz-i

Profit Rate: 3.69 %

( Effective Rate: 6.87% )

Monthly Payment: RM 198

(Total Repayment: RM 11,845)

More About This Product
  1. Maximum loan amount: RM 250,000.00
  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:

    Government Employee

    Employee of Government Link-Company (GLC)

    State Government Link-Company

    Local Council

    Approved companies under Non-Biro arrangement

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
Ambank Personal Financing-i

Ambank Personal Financing-i

Profit Rate: 4.35 %

( Effective Rate: 8.03% )

Monthly Payment: RM 203

(Total Repayment: RM 12,175)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 21 Years Old
  4. Maximum Age: 60 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor or No Collateral is 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
RHB Personal Financing-i for Civil Sector

RHB Personal Financing-i for Civil Sector

Profit Rate: 4.5 %

( Effective Rate: 8.29% )

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:


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    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
Bank Rakyat Personal Financing-i Public Sector

Bank Rakyat Personal Financing-i Public Sector

Profit Rate: 4.54 %

( Effective Rate: 8.36% )

Monthly Payment: RM 205

(Total Repayment: RM 12,270)

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:

    No Guarantor is Required

    Minimum of three (3) months in service

    Takaful Insurance is Optional

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
BSN MyRinggit SCOP (Klasik)

BSN MyRinggit SCOP (Klasik)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

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:

    PDRM employees with salary account under Bahagian Akaun, KDN

    Permanent employee who has been employed for more than 3 months

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit SCOP (Super Klasik B)

BSN MyRinggit SCOP (Super Klasik B)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

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:

    PDRM employees with salary account under Bahagian Akaun, KDN

    Permanent employee who has been employed for more than 3 months

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit BPA (Klasik)

BSN MyRinggit BPA (Klasik)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

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:

    Employee of government / Statutory Bodies / selected organizations which has the facility of salary deduction through BPA

    Permanent employee who has been employed for more than 3 months (without guarantor)

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holders.

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

BSN MyRinggit BPA (Super Klasik B)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

Monthly Payment: RM 205

(Total Repayment: RM 12,300)

More About This Product
  1. Maximum loan amount: RM 20,000.00
  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:

    Employee of government / Statutory Bodies / selected organizations which has the facility of salary deduction through BPA

    Permanent employee who has been employed for more than 3 months (without guarantor)

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN GIRO/i account holders.

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

BSN MyRinggit SKAP (Klasik)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

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:

    Permanent Federal Government Servant

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit SKAP (Super Klasik B)

BSN MyRinggit SKAP (Super Klasik B)

Interest Rate: 4.6 %

( Effective Rate: 8.47% )

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:

    Permanent Federal Government Servant

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit SKAN (Klasik)

BSN MyRinggit SKAN (Klasik)

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:

    State Government Department employees maintained salary account under State Treasury / Finance Department

    Permanent employee who has been employed for ≥3 months

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit SKAN (Super Klasik B)

BSN MyRinggit SKAN (Super Klasik B)

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:

    State Government Department employees maintained salary account under State Treasury / Finance Department

    Permanent employee who has been employed for ≥3 months

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SCOP (Super Klasik B)

BSN MyRinggit-i SCOP (Super Klasik B)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    PDRM employees with salary account under Bahagian Akaun, KDN

    Permanent employee who has been employed for more than 3 months

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SKAP (Klasik)

BSN MyRinggit-i SKAP (Klasik)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Permanent Federal Government Servant

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SKAP (Super Klasik B)

BSN MyRinggit-i SKAP (Super Klasik B)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Permanent Federal Government Servant

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i BPA (Klasik)

BSN MyRinggit-i BPA (Klasik)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employees of government / Statutory Bodies / selected organisations with salary deduction facility through BPA

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i BPA (Super Klasik B)

BSN MyRinggit-i BPA (Super Klasik B)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Employees of government / Statutory Bodies / selected organisations with salary deduction facility through BPA

    Permanent employee who has been employed for more than 3 months – no guarantor required

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
 BSN MyRinggit-i SKAN (Klasik)

BSN MyRinggit-i SKAN (Klasik)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    State Government Department employees with salary accounts under State Treasury / Finance Department

    Permanent employee who has been employed for above 3 months

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i SKAN (Super Klasik B)

BSN MyRinggit-i SKAN (Super Klasik B)

Profit 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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    State Government Department employees with salary accounts under State Treasury / Finance Department

    Permanent employee who has been employed for above 3 months

    For contract / temporary employee (over 12 months’ service) - guarantor required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Rakyat Personal Financing-i for Pensioner

Bank Rakyat Personal Financing-i for Pensioner

Profit Rate: 4.79 %

( Effective Rate: %)

Monthly Payment: RM 207

(Total Repayment: RM 12,395)

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:

    No Guarantor is Required

    Takaful Insurance is Optional

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: None
  3. Late Payment Fee: 1%p.a on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing-i (3P Special Package, 3PS)

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

Profit Rate: 4.95 %

( Effective Rate: %)

Monthly Payment: RM 208

(Total Repayment: RM 12,475)

More About This Product
  1. Maximum loan amount: RM 150,000.00
  2. Maximum Tenure: 120 Month(s)
  3. Minimum Age: 45 Years Old
  4. Maximum Age: Years Old upon financing maturity
  5. Islamic Financing
  6. 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
BSN MyRinggit ATM (Salary Deduction)

BSN MyRinggit ATM (Salary Deduction)

Interest Rate: 4.99 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,495)

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:

    Open to all rank of Malaysian Armed Forces (MAF) staff

    Permanent employee who has been employed for 3 months and above

    Monthly salary payment must be through BSN e-Payment system

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i ATM (Salary Deduction)

BSN MyRinggit-i ATM (Salary Deduction)

Profit Rate: 4.99 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,495)

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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Open to all rank of Malaysian Armed Forces (MAF) staff

    Permanent employee who has been employed for 3 months and above

    No Guarantor or No Collateral is Required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
RHB Personal Financing-i for Pensioner

RHB Personal Financing-i for Pensioner

Profit Rate: 5.0 %

( Effective Rate: %)

Monthly Payment: RM 209

(Total Repayment: RM 12,500)

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: 67 Years Old upon financing maturity
  5. Islamic Financing
  6. 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
BSN MyRinggit-i PRIMA

BSN MyRinggit-i PRIMA

Profit Rate: 6.5 %

( Effective Rate: %)

Monthly Payment: RM 221

(Total Repayment: RM 13,250)

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: 65 Years Old upon financing maturity
  5. Islamic Financing
  6. Special Requirements:

    No Guarantor is Required

    BSN 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 MyRinggit ATM (Non Salary Deduction)

BSN MyRinggit ATM (Non Salary Deduction)

Interest Rate: 6.99 %

( Effective Rate: %)

Monthly Payment: RM 225

(Total Repayment: RM 13,495)

More About This Product
  1. Maximum loan amount: RM 2,000.00
  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:

    Angkatan Tentera Malaysia (ATM) staff - Lieutenant or equivalent and above only

    Permanent employee who has been employed for ≥ 3 months

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
BSN MyRinggit-i ATM (Non Salary Deduction)

BSN MyRinggit-i ATM (Non Salary Deduction)

Profit Rate: 6.99 %

( Effective Rate: %)

Monthly Payment: RM 225

(Total Repayment: RM 13,495)

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 financing maturity
  5. Islamic Financing
  6. Special Requirements:

    Malaysian Armed Force (MAF) staff - Lieutenant or equivalent and above only

    Permanent employee who has been employed for 3 months and above

    No Guarantor or No Collateral is Required

    BSN 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 on the amount in arrears.
  4. Early Settlement Fee: None
  5. Handling Fee: None
AgroCash-i

AgroCash-i

Profit Rate: 7.2 %

( Effective Rate: %)

Monthly Payment: RM 227

(Total Repayment: RM 13,600)

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:

    Government Employee

    Government Linked-Company Employee

Fees and charges
  1. Stamp Duty: 0.5% of the loan amount
  2. Processing Fee: RM 30 to RM 50 (Brokerage fee)
  3. Late Payment Fee: 1% from current outstanding
  4. Early Settlement Fee: None
  5. Handling Fee: None
Bank Muamalat Personal Financing for Pensioner (3P) for Government Servant Pensioner (Tawarruq)-i

Bank Muamalat Personal Financing for Pensioner (3P) for Government Servant Pensioner (Tawarruq)-i

Profit Rate: 8.9 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,450)

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

    Malaysia Armed Forces Pensioner and all Government Pensioner

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
Bank Muamalat Personal Financing-i (Pembiayaan Pengurusan Kewangan, PPK)

Bank Muamalat Personal Financing-i (Pembiayaan Pengurusan Kewangan, PPK)

Profit Rate: 8.9 %

( Effective Rate: %)

Monthly Payment: RM 241

(Total Repayment: RM 14,450)

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

    Employment under Tetap and Berpencen Scheme

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
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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.