Bank Rakyat Interest Rate Personal Loan

If you decide to go without the takaful protection plan an additional rate of 1 5 will be charged over the current profit rate.

Bank rakyat interest rate personal loan. Minimum age of 18 years and maximum 60 years old at the end of the financing tenure. Base rate br 2 60 effective on 15 july 2020 onwards profit rate p a. A flat interest rate is where a fixed interest is applied on the loan repayment until the loan tenure ends. In case a home loan is linked to mclr based interest rate then the amount of equated monthly instalment emi changes only on the reset date of the home loan which comes immediately after the bank revises its mclr.

Interest rates are negotiable based on profile of the private company one is attached to. The profit rate charged to this personal financing is floating based on your selected installment payment methods. Bank rakyat personal financing i private sector is focusing on full time employees of private sector organizations. Bank rakyat s personal loans are available with either a flat interest rate fixed interest rate or a floating interest rate variable interest rate.

Depending on the outcome of a credit check you can borrow up to rm200 000 for a maximum of 10 years. For any enquiries please visit the nearest branch or call our contact centre tele rakyat at 1 300 80 5454. Shariah concept tawarruq minimum deposit rm 500 2 to 60 months minimum deposit rm 5 000 1 month members of the bank rakyat offered 0 1 higher than the benefits offered to the public. Minimum fixed monthly income of rm 2 000 including fixed allowances.

The interest rate are based as per salaried individual for regular personal loan products. Terms conditions apply. The rates are tied with base rate from bank rakyat. 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.

For instance if the reset date of your home loan is in january and the bank revises its mclr in july of the following year then. Effective financing rate for home financing i financing amount of rm350 000 above 30 years tenure no lock in period. This loan subjected to 0 5 stamp duty which is based on the. The table above summarizes the interest rates for bank rakyat personal loan.

Banks are listed in ascending order on the basis of interest rate i e.