Public Bank Personal Loan


BAE Personal Financing-I (Public Sector only) 

Form RM 5,000 to RM 150,000 financing available
Interest starts from 6.0% to 8.5%
No guarantor and collateral needed
Only available for selected panel companies, Telcos, Universities , Petronas group and panel of public listed companies
Aged from 20 years to 60 years old with minimum 3 years working experience.
Malaysian Citizens only

BAE Personal Financing-I is based on the concept of Bai Al-Inah which means  a financing facility with the underlying buy and sell transactions between the financier and the customer. The concept is based on Shariah where the financier buys an asset from the customer on spot basis. The price paid by the financier constitutes the disbursement under the facility. Subsequently the asset is sold to the customer on a deferred-payment basis and the price is payable in installments.

The minimum loan tenure is 2 years and the maximum will be 10 years. Based on the eligibility, customers who apply for the loan will be eligible to get loans from RM 5, 000 to RM 150, 000.To ease customers payment method, Public Bank will deduct the loan monthly payment from the customers salary.

Customers enjoy great benefits as Public Bank offers quick cash up to RM 150,000 and a hassle-free payment from 2 to 10 Years, as it is automatically deducted from customers’ salary with special arrangement with the employer. Another important factor, no guarantor required for loan application. Also if customers plan to terminate the loan by paying back the full amount, there is no early termination fee (please double check during the period of your loan application).

Here is a simple calculation when you borrow basing on the loan period, income and interest rate:

RM5000 – 150000                  24 to 36 months                      min. RM24000                       3.4%

RM5000 – 150000                  48 to 120 months                    min. RM24000                       4.99%

(Interest Rate / APRfrom 3.4% to 4.88%, depending loan amount and period)


Once the loan is approved, normally after a few working days, the borrowed funds will be transferred to the Public Bank account of your choice.


Once the loan is approved there is some additional cost customers must keep in mind such as processing fee RM100, stamp duty 0.5% of borrowed amount and late Penalty fee 1% of amount in arrears mode of payment. Further administration charges can vary according to the amount that you are borrowing and the type of Security Documents you need to provide. The loan includes Takaful Insurance policy which is linked to the loan when customers apply. Takaful is encouraged although not compulsory


In order to cater to customers convenience of personal financing with BAE Personal Financing-I, Public Bank has a very transparent method in loan application. Customers who apply for the loan must be Malaysian citizen aged 20 years above and below 60 years with a permanent job of at least 3 years in service in any one of Public Bank’s approved agencies. Applicant must also have a minimum salary of RM 1,500 per month.


To apply for the loan, customers need to make a copy of NRIC (front and back), latest 3 month’s salary slips or EPF statements, letter from employer confirming position and salary. Any additional documents; Public Bank representative will guide you during the application.

Repayment Table

Repayment for the loan is done via Biro Angkasa method.

Public Bank BAE Repayment table



  • Low income requirements of RM 1,500


  • Available to public sector only


BAE AG Personal Financing-i 

Form RM 11,000 to RM 150,000 financing available
Interest starts from 6.0% to 8.5%
No guarantor and collateral needed
Only available for selected Public sector employees
Aged from 20 years to 58 ears old with minimum 3 years working experience.
Malaysian Citizens only

BAE AG Personal Financing is catered for selected government agencies.  One has to be at least 1 year permanent staffs to be eligible for the personal loan.


Public Bank 

Public Bank is the biggest domestic bank in Malaysia by shareholders’ funds. It focuses on retail customers and small to medium sized enterprises. The bank was founded in 1966 by Teh Hong Piow, the then general manager of Malayan Banking. The bank was listed on the Malaysian Stock Exchange in 1967.Public Bank offers loans to customers to purchase a home, car and business venture. Currently there are many types of loans promoted by Public Bank. However BAE Personal Financing-I under Public Bank Islamic got my attention.


MBSB Personal Loan


MBSB personal loan has been long catered for Malaysian public servant with very competitive rates. It has also recently opened it’s personal loan application to private sector as well although with higher interest rates. For a start this loan is also a Shariah compliant loan. The interest of the loan is defined by Current Islamic Effective Cost of Fund (ECOF-i) .  *Base Rate not being used for MBSB

Here are some of the loan packages that are offered by MBSB.


MBSB Personal Financing-I Private

MBSB Personal Financing-i for private sector ( Pembiayaan Peribadi-i Sektor Swasta )
Interest at  ECOF-i + 4.10%  which is 6.43% p.a flat rate for around 10 years
Maximum RM 300,00 Financing available
Maximum 10 years repayment
Selected Private sectors , Public Listed Companies, Certified Professionals
No guarantor needed
Fast approval
Minimum 2 years permanent employment

*ECOF is MBSB terms for Base Rate

Finally, MBSB has decided to have personal loan for private sectors as well. This personal loan is shariah compliant while it is an unsecured loan where no guarantor and collateral is required. MBSB Personal loan provides up to RM 300,000 of financing with a maximum repayment of 10 years with a fast approval process.

It comes with an attractive ECOF-i + 4.10% p.a with monthly reducing balance. At the time of writing BLR 6.43, you will be getting 11.1% p.a. How is this different from other banks who are offering 8.8% p.a. (flat rate) ?  The effective interest rate of flat rate is actually near double while with monthly reducing balance, you are probably getting the same interest rates as advertised.  So the effective interest rate for 8.8% p.a. would probably be somewhere 16% to 17% p.a. EIR.

Charge and Cost

Takaful insurance is optional for this loan. There is a 1% p.a penalty for any late repayment. Standard 0.5% Stamp Duty is applicable.


This loan is only available for Malaysian citizens. The minimum age requirements is 21 years old while not more than 60 years old (or retirement age) at the end of loan tenure. This loan is available to private sector however to limited selected Public Listed Companies, Government Link Companies, Multinational companies, Private Education companies and Certified Professionals. The list is defined by MBSB. You will need to have at least 2 years permanently employed to be eligible for the loan.  The minimum salary for the loan application is RM 3,000.

Repayment table

MBSB Personal Loan repayment table


  • Very high financing amount at RM 300,000. Also dependent on factors such as borrower’s income


  • Limited to selected private companies



MBSB Mumtaz-i Public


MBSB Mumtaz-i for Public Sector
Interest at  ECOF-i – 2.0%  which is 3.66% p.a flat rate for around 10 years
Maximum RM 250,00 Financing available
Maximum 10 years repayment
Government servants only

MBSB Mumtaz-i is a personal loan that is catered for borrowers from Public servant which consists of selected permanent GCLS, and Government servants. This personal loan is Shariah complaint with no requirements for guarantor and collateral. One can loan a maximum of RM 250,000 for Mumtaz-i.  The interest rates of this loan is much lower as repayment is done via salary deduction schemes such as Biro Angkasa and Auto Salary Deduction.

This package offers one of the lowest interest rates for MBSB Personal loans.

Charge and Cost

Takaful is optional with this loan.


MBSB Mumtaz-i is only available for public servants only. This loan is available for anyone from 19 years old until 60 years no exceeding retirement age.



MBSB Afdal-i

MBSB Mumtaz-i for Public Sector
Interest at  ECOF-i + 1.0%  which is 4.40% p.a flat rate for around 10 years
Maximum RM 400,00 Financing available
Maximum 10 years repayment
Government Contract servants only

MBSB Afdal-i is offered to contractual Government staffs and selected GLCs. This loan offers as high as RM 400,000 financing. Repayment of the loan can be done with Biro Angkasa or Salary deduction


Documents needed 

  • Copy of IC ( Back and Front)
  • Most recent 3 months salary statement
  • Most recent bank account statements

About MBSB

MBSB stands for Malaysian Building Society Berhad has been around for over 50 years and is providing financial services to Malaysia. Although not being a bank, MBSB is an Exempt Finance company allowing it to operate finance based business ranging from savings account to student loans while not operating under Bank Negara’s policy. MBSB  is actually very much owned by EPF and Malaysian government.


RHB Easy Loan

RHB Easy Loan
From 8.00% (flat rate)  p.a. to 11.99%(flat rate)  p.a
Form RM 2,000 to RM 150,000 financing available
1 to 5 years repayment
Aged from 21 years to to 58 years old
Malaysian Citizens and permanent residents only

RHB Banking Group strengthens its service when they introduced easy banking concept called ‘Easy’ for its branches. It could be used for daily banking operation and every operation through this system take at least 8 minutes to process. This is very beneficial for borrowers who need cash urgently. Whereas customers have to manage their activities using application form as usual, the Easy RHB only needs the customers’ MyKad. The Easy concept provides personal loan products, savings and insurance services with an offer for the Amanah Saham Nasional Berhad (ASB) savings and Employees Provident Fund (EPF) kiosk.




Easy-Express Loan is a convenience personal loan without any collateral where interest will be charged upfront to the amount of loans approved and interest will be calculated in advanced for the entire tenure based on the “Rule of 78” (Rule 78 is a concept or a method of calculating the principle rate (total amount) and interest where interest will be in a greater percentage at the early stage of monthly instalment payment period).

Moreover, the loan has a maximum tenure up to 5 years for government employees, employees of private sector organizations or self-employed individuals. The minimum installment amount is RM57.74e per month with financing amount of RM 2,000 with 60 months repayment period.

Interest Rates

The interest rates of RHB Easy starts from 8.31% to 13.47% Flat p.a. which translates to around 15% to 24% EIR . The rates vary based on income of the applicant, amount of financing and tenure of financing. Basically you can enjoy better interest rates when you have higher salary and borrow larger amount over longer period of time.

Fees and charges

There is a 6 months lock in period for the loan where you will be sujected a RM 200 termination fees if you settle your loan during the period. There is a Personal Smart Sheild (PSS) insurance which is optional.  This insurance will cover your loan in case of any unfortunate event that happens to you. There is a 1% penalty for late repayment while bank can also gradually increase your interest if you fail to pay consecutively after 3 months.


This loan is available for Malaysian citizen only, aged between 21 to 55 years old, and have a total personal income not less than RM18,000 per year or RM1,500 per month.


For salaried workers;

  1. A photocopy of MyKad (front and back)
  2. Payslip or salary statements 
  3. Updated bank statements (1 month for public or private sector)  
  4. EPF statements ( Minimum 6 months) 

For self-employed workers and commission earners;

  1. A copy of MyKad (front and back)
  2. Business or company registration certificate
  3. Commission statements for commission earners
  4. Bank statements for the last 6 months that shown the income of business or company(6 months for business owners and commission based)
  5. Latest B or BE form together with payment or receipt confirmation slip from Domestic Institution (LHDN)


  • On the spot renewal and disbursement , this comes in hand for those who are in urgent need of cash


  • Very high interest rates effectively at 24% (EIR) , flat 13% if your loan is little.

Repayment Table

If you are interest, you can download the repayment table at

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