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Calculator MalaysiaCalculator Malaysia

🏛️ Bank Rakyat Personal Financing-i

Bank Rakyat Personal Loan Calculator 2026

Malaysia's lowest personal loan rate — from 3.42% p.a. for civil servants. Max RM400,000 · 10 years · Islamic (riba-free).

Loan Details

RM 50,000
RM5,000RM400,000
5 years (60 months)
1 year10 years
Applied profit rate: 4.54% p.a.(reducing balance · civil servant / BPA · 5-year rate)

Monthly Payment

RM 933.06

Total Profit

RM 5,984

Total Payable

RM 55,984

Bank Rakyat Financing Quick Reference

AmountTenureRateMonthlyTotal Profit
RM 20,0005 yrs4.54%RM 373.22RM 2,393
RM 50,0005 yrs4.54%RM 933.06RM 5,984
RM 50,00010 yrs5.22%RM 535.72RM 14,286
RM 100,00010 yrs5.22%RM 1,071.44RM 28,573
RM 200,00010 yrs5.22%RM 2,142.88RM 57,146
RM 400,00010 yrs5.22%RM 4,285.76RM 114,292

Profit rates on reducing balance basis. Civil servants via BPA salary deduction. Rates verified May 2026 via Bank Rakyat, RinggitPlus, iMoney.

Bank Rakyat Personal Financing-i — Key Facts

Min Financing

RM5,000

Max Financing

RM400,000

Min Salary

RM1,600/mo

Tenure

1–10 years

Profit Rate From

3.42% p.a.

Islamic (Shariah)

Yes

Eligible

Civil servants, GLC

Deduction Method

BPA salary deduction

Wakalah Fee

RM28.30

💰 Personal loan — check if you qualify

Min income RM3,000/mo · Compare Islamic & conventional

Al Rajhi Personal Financing-i

Islamic · No riba

Shariah-compliant · Fixed monthly payment · Min income RM3,000/mo

Up to RM150,000

Apply →

Alliance CashFirst Personal Loan

Conventional

Competitive rate · Fast approval · Min income RM3,000/mo

Up to RM200,000

Apply →

Alliance CashVantage Financing-i

Islamic · Alliance Bank

Shariah-compliant · Alliance Bank · Min income RM3,000/mo

Up to RM150,000

Apply →

RHB Personal Financing

Quick apply · No commitment

Fast eligibility check · Min income RM2,000/mo · No collateral

Up to RM150,000

Apply →

Via RinggitPlus · Free eligibility check · No commitment

Frequently Asked Questions

What is Bank Rakyat personal loan rate in 2026?
Bank Rakyat Personal Financing-i (public sector) profit rates in 2026: from 3.42% p.a. (1-year via BPA salary deduction) to 5.22% p.a. (10-year tenure). These are profit rates on a reducing balance basis for civil servants (penjawat awam), GLC and public-listed company employees. Maximum financing: RM400,000. Minimum salary: RM1,600/month. Maximum tenure: 10 years.
Who qualifies for Bank Rakyat personal loan?
Bank Rakyat Personal Financing-i (Public Sector) is for: (1) Civil servants (kakitangan awam / penjawat awam) with BPA salary deduction, (2) GLC (Government-Linked Companies) employees, (3) GLC subsidiaries, (4) Public-listed company employees. Minimum service: 3 months (permanent). Not available for private sector employees — they can apply for Bank Rakyat's other products at higher rates.
How to apply for Bank Rakyat personal loan?
Apply online at bankrakyat.com.my, via myBR+ app, or walk in to any Bank Rakyat branch. Documents needed: MyKad, latest 3 months payslip, latest 3 months bank statement, offer letter / appointment letter (surat perlantikan), employer confirmation letter. Civil servants can also apply via selected Pos Malaysia branches. Approval within 3–5 working days.
Bank Rakyat vs BSN personal loan — which is better for civil servants?
Both target civil servants but differ: Bank Rakyat rate from 3.42% vs BSN from 4.60% — Bank Rakyat is cheaper. Both offer max RM400k, 10-year tenure. Bank Rakyat requires min RM1,600 salary vs BSN min RM1,500. Bank Rakyat is Islamic (riba-free), BSN MyRinggit-i is also Islamic. If you qualify for both, Bank Rakyat's lower rate saves significant money on large or long-tenure loans.
What is BPA and why does it matter for Bank Rakyat loans?
BPA (Biro Perkhidmatan Angkasa) is Malaysia's automated salary deduction bureau for civil servants. Loan repayments are deducted directly from salary before it reaches your bank — eliminating missed payments. Because of this risk reduction, Bank Rakyat offers its lowest rates to BPA-enabled borrowers (penjawat awam). If your employer is BPA-registered, you qualify for the 3.42%–5.22% rate tier.
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