Bank Rakyat Personal Loan Swasta



Personal Financing-i Swasta
Minimum income of RM 2,000
Loan amount from RM 2,000 to Maximum of Rm 150,000 up to 9 years of financing
18 years and above

Bank Rayat Personal Financing-i Swasta is the personal loan package that is catered for private sector professionals such as doctors, engineer, lawyer and public listed companies employees . Financing-i Swasta is a partially unsecured loan collateral is not needed however a guarantor may be needed when required by bank as a form of security . This loan offers from RM 2,000 up to RM 200,000 of financing. This amount of financing offered would be 10 times salary for those earning RM 2,000 to RM 3,000 while 15 times salary for those who are earning RM 3,000 and above.

Interest Rates

Interest rates of this loan would vary depending on loan amount. At the moment of writing, the interest rates provided by this loan is quite competitive among other private loans in Malaysia.  You can also enjoy better rate if you pay via Bank Rakyat’s saving account and Takaful package. The table below summarises the interest rates for Bank Rakyat Personal Loan.

bank rakyat interest rates


This loan subjected to 0.4% stamp duty which is based on the financing amount. This fee will be deducted from the amount borrowed. There is a 1% p.a penalty for any late payment


This loan if available for Malaysian Citizens from 18 years and above. This loan has one of the youngest requirement for age. Typically a Malaysian personal loan would start from 20 years and above.  You will need to have a minimum monthly income of RM 2,000 to qualify for the loan. Personal Financing-i Swasta is only catered for professionals from private sectors.

Documents needed 

  • Photocopy IC on both sides
  • Latest 3 months payslip
  • Latest 6 months EPF statement
  • Confirmation employment letter
  • Most Recent BE form


If you are keen, Financing-i Swasta repayment table without Takaful is available below