bank rakyat personal loan

Bank Rakyat Personal Loan Benefits

Low Interest Rate With Bank Rakyat Personal Loan

Are you looking for a personal loan that suits your needs and budget? Look no further than Bank Rakyat, the leading Islamic cooperative bank in Malaysia. Whether you need extra cash for home renovation, education, medical expenses, or any other purpose, Bank Rakyat has the right solution for you. With Bank Rakyat personal loan, you can enjoy:

  • Competitive profit rates from 3.5% to 6.5% per annum.
  • Flexible repayment tenure from 1 to 10 years.
  • High financing amount up to RM200,000.
  • No guarantor or collateral required.

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A Complete Guide For Bank Rakyat Personal Loan 2023

Are you in need of financial assistance? Look no further than Bank Rakyat. This Malaysian bank offers pinjaman peribadi to eligible individuals seeking to fund their personal private projects, businesses, or emergencies. In this article, we will provide you dengan a complete guide to Bank Rakyat Personal Loan, giving anda all the information you need to make an informed decision on whether it’s right for you in the year 2023.

What is Bank Rakyat?

Bank Rakyat is a Malaysian bank dan institusi kewangan that has been operating for over 60 years, specializing in Islamic banking and financing. It offers a range of financial services, including personal loans, credit cards, home financing and different insurances such as insurans kereta, insurans kesihatan dan travel insurance, to its customers at affordable rates.

Features of Bank Rakyat Personal Loan

The Bank Rakyat Personal Loan provides several benefits to its borrowers. These benefits include:

  • A flexible repayment period of up to a maximum of 10 years.
  • No guarantor or collateral is required.
  • Low-interest rates, starting from 4.54% p.a.
  • The loan amount ranges from RM 2,000 to RM 200,000, depending on the borrower’s eligibility.

Pros and Cons of Bank Rakyat Personal Loan

Like all financial products, Pinjaman Peribadi Bank Rakyat has its advantages dan disadvantages. Here are some of them:

Pros:

  • Flexible repayment period.
  • No guarantor or collateral required.
  • Low-interest rates.
  • Quick lulus process.

Cons:

  • The loan amount ditawarkan may not be sufficient for some borrowers.
  • Eligibility criteria are strict dan may exclude some individuals.
  • Penalties for late repayments can be expensive.

Requirements of Applying for Bank Rakyat Personal Loan

To be eligible for a Personal Loan Bank Rakyat, anda need to fulfill certain requirements. These requirements include:

  • Being a Malaysian citizen or Permanent Resident aged between 18 tahun sehingga 60 years old.
  • Having a minimum monthly income of RM1,500.
  • Having a good kredit score dan no outstanding debts.
  • Providing supporting documents such as a copy of IC anda, latest slip gaji, dan other necessary documents requested by the bank.

Fees & Charges of Bank Rakyat Personal Loan

Before applying for any loan, it’s essential to understand the fees dan charges involved. The fees dan charges for Bank Rakyat Personal Loan are as follows:

  • Processing fee – 1% of the loan amount.
  • Late payment fee – 1% of the overdue amount.
  • Early settlement penalty – 2.5% of the outstanding loan amount.

Latest Promotions of Bank Rakyat Personal Loan

Bank Rakyat frequently provides promotions dan offers to its customers. These promotions include:

  • Low-interest rates for selected tenure periods
  • No processing fee promotion for eligible customers
  • Cashback rewards for approved loans during the promotional period

Installment Table of Bank Rakyat Pinjaman Peribadi

The installment table for Bank Rakyat Personal Loan varies depending on the loan amount, tenure, dan interest rate. However, it’s essential to note that Bank Rakyat offers fixed monthly installments, allowing anda to plan finances pelan anda better. Here’s an example of the installment jadual:

  • Loan Amount: RM 20,000
  • Interest rate: 4.99%
  • Loan Duration: 5 Years
Year Principle Amount Interest Amount Total Payment
1
RM 3,174.47
RM 633.95
RM 3,808.42
2
RM 3,345.75
RM 462.67
RM 3,808.42
3
RM 3,524.39
RM 284.03
RM 3,808.42
4
RM 3,710.61
RM 97.81
RM 3,808.42
5
RM 3,904.67
RM 685.75
RM 4,600.42

Bank Rakyat Pinjaman Peribadi Terms and Conditions

It’s essential to read the terms and conditions of any loan before signing the agreement. The terms dan conditions for Bank Rakyat Personal Loan include:

  • Loan repayment must not exceed 10 years
  • Repayments must be made monthly
  • Early repayment of the loan is allowed, but early repayment penalties may buat mohon
  • If the borrower defaults on the loan, Bank Rakyat reserves the right to take legal action to recover the outstanding amount.

Conclusion

Bank Rakyat Personal Loan is an excellent option for anyone in need of financial assistance in Malaysia. Dengan its flexible repayment period, low-interest rates, dan no collateral required, it’s no wonder that many Malaysians opt for this bank with high maklum balas. Make sure anda assess the pros dan cons, fulfill the eligibility criteria, understand the fees and charges, frequently ask soalan and read the terms and conditions before applying.

FAQs

How long does it take for Bank Rakyat to approve a loan?

It takes approximately 4-6 days.

What is the minimum loan amount for Bank Rakyat?

The amount is RM3000.

What is the interest rate per years for Bank Rakyat installment?

The rate is 4% p.a.

How do I check my Bank Rakyat loan status?

Anda may check the status online or wait for a text message from the bank.