Explore Agrobank AgroCash-i, a Shariah-compliant personal financing facility providing individuals with consumer funding based on Tawarruq transactions.
Introduction
Agrobank offers dedicated, Shariah-compliant consumer products designed specifically for individuals who need personal funds. Its personal financing solutions provide retail customers with clean liquidity, allowing individuals to manage personal expenses while maintaining a connection to agricultural or rural economic activities.
AgroCash-i
This consumer personal financing facility is tailored specifically for individual customers who require personal funds for consumer spending. It provides a reliable avenue for retail applicants to secure financing while aligning with the bank’s specialized consumer banking services.
Tawarruq
Operating under strict Islamic banking principles, this plan is fully structured around the concept of Tawarruq, which involves a transparent commodity murabahah purchase and sale transaction. This process allows applicants to obtain immediate, clean liquidity legally and ethically without relying on conventional interest-bearing loans.
Key Features
Category
Details
Financing Limit
Government Employees: Maximum RM250,000 GLC Staff: Maximum RM200,000 Refer to Additional Eligibility for financing limit up to RM250,000
Financing Tenure
Maximum 10 years
Profit Rate Promotion ≥ RM50,000
Up to 3 years: SBR + 2.23% p.a. Up to 10 years: SBR + 2.25% p.a.
Open to Central Government, State Government, and Statutory Bodies Permanent staff with at least 6 months of service (including contractual/interim service) Gross monthly income including allowances based on financing eligibility (BPA deduction, DSR, Net Disposable Income) Debt Service Ratio (DSR) up to 70% (including housing financing) Other conditions as stated above
Minimum Salary Requirement – Government Employees
Gross monthly income (including fixed allowance) more than RM1,000
Minimum Salary Requirement – GLC Staff
Gross monthly income (including fixed allowance) more than RM2,000
Takaful Coverage
Customers are encouraged to take Skim Takaful Kredit
Agrobank’s AgroCash-i stands out as a focused consumer financial instrument for individuals requiring personal funding. By offering a solid personal financing framework backed by ethical Tawarruq transactions, Agrobank ensures that individual consumer needs are met transparently.
Contact Us
Category
Details
Head Office
Bank Pertanian Malaysia Berhad (Agrobank) Leboh Pasar Besar 50726 Kuala Lumpur
Speed up your digital applications using BRICK (Bank Rakyat Quick) for personal, vehicle, and home Shariah financing.
Introduction
The BRICK Bank Rakyat Portal stands for “Bank Rakyat Quick”, serving as an innovative, virtual banking gateway. It is designed to accelerate online retail banking by allowing users to instantly scan QR codes or apply directly online for financial services. This secure platform digitizes complex documentation, enabling applicants to access competitive, Shariah-compliant retail products efficiently.
Home
The home landing interface functions as the central point for the BRICK Bank Rakyat Application Platform, offering zero-friction navigation to find personal, home, or auto services. It is built specifically to handle online data input securely, allowing users to save their forms and resume them later via automated email links.
Personal Financing-i
This online financing module helps public and private sector workers get cash without needing a third-party guarantor. Users can submit documents on the digital portal to enjoy high financing caps, long tenures, and quick approval milestones.
Home Financing-i
The BRICK Home Financing-i Form provides a direct pipeline for users to secure property funding. Operating under the Shariah principle of Tawarruq, it simplifies homeownership by allowing buyers to request digital approvals for subsale property purchases or refinancing.
Vehicle Financing-i
This plan caters to both new and existing automotive finance clients by offering structured, interest-free credit terms. Applying online speeds up the assessment workflow, allowing buyers to secure funding approvals for passenger vehicles or hybrid cars efficiently.
Takaful
This section provides swift access to Islamic insurance packages designed to cover life, automotive, health, and property risks. It replaces standard premium metrics with cooperative mutual protection funds that safeguard family assets while keeping investments fully Shariah-compliant.
eCurrent / Savings-i
This digital onboarding service lets clients open high-yielding savings or transactional accounts built on Qard and Tawarruq structures. Users can deposit cash securely and manage daily withdrawals via active online banking setups and connected debit cards.
Investment-i
The digital investment portal highlights unique wealth building vehicles like the Investment-i Account Rizq Plus. It enables savers to gain higher potential profit payouts while automatically qualifying for promotional cash prizes and member rewards.
Pawn Broking-i
This Ar-Rahnu micro-financing option grants users fast cash loans up to RM350,000 by using gold jewelry as collateral. Applying online streamlines physical branch intake times, offering transparent transactions, low storage fees, and safe safekeeping.
Credit Card-i
The BRICK Credit Card-i Portal allows users to submit digital requests for a Shariah-compliant Mastercard. This card offers a flexible financing limit without compounding interest penalties, packing additional lifestyle benefits, air miles, and cashbacks.
Conclusion
By shifting core operations to the BRICK Bank Rakyat System, Bank Rakyat completely changes how consumers engage with Islamic retail banking. It bridges the gap between strict Shariah compliance and rapid digital execution, ensuring that checking balances or applying for a mortgage takes only a few taps.
Discover Bank Rakyat Personal Financing-i options for public, private, and retired sectors featuring low rates and debt consolidation.
Introduction
Bank Rakyat offers a robust suite of Shariah-compliant personal financing products tailored to various employment sectors in Malaysia. Operating under Islamic banking principles, these solutions provide competitive rates, high financing limits, and flexible tenures to help individuals manage their financial needs effectively.
Personal Financing-i Public Sector
This financing plan provides civil servants with swift, hassle-free access to funds of up to RM400,000 without requiring a guarantor. Backed by the Tawarruq concept, applicants can choose between fixed or floating profit rates with flexible repayment tenures extending up to 10 years, making it an ideal choice for government employees seeking large capital.
Financing Eligibility
Category
Eligibility Details
Installment Method
Biro Perkhidmatan Angkasa (BPA)
Up to RM400,000
Salary Deduction
Up to RM400,000
Electronic Payment
Based on income multiplier or RM400,000 whichever is lower
Income Range
RM 1,000 – RM 5,000
5 times monthly gross salary
RM 5,001 – RM 10,000
8 times monthly gross salary
More than RM 10,000
10 times monthly gross salary
General Eligibility
Citizenship
Must be a Malaysian citizen
Age Requirement
Minimum 18 years, maximum 60 years old at end of financing tenure
Minimum Income
RM1,600 fixed monthly income including allowances
Employment Sector
Public sector, GLC companies, or GLC subsidiaries
Service Duration
Minimum of three (3) months in service
Financing Rate, Fees & Document
Financing Rate, Fees & Document
Category
Details
Fixed Rate
Biro Perkhidmatan Angkasa – Salary Deduction
Up to 1 Year: 3.42% More than 1 Year – Up to 5 Years: 3.61% More than 5 Years – Up to 10 Years: 3.95%
Electronic Payment
Up to 1 Year: 4.53% More than 1 Year – Up to 5 Years: 4.76% More than 5 Years – Up to 10 Years: 5.22%
Floating Rate
Biro Perkhidmatan Angkasa – Salary Deduction
Up to 1 Year: SBR + 2.42% More than 1 Year – Up to 5 Years: SBR + 2.75% More than 5 Years – Up to 10 Years: SBR + 2.77%
Salary Transfer to Bank Rakyat
Up to 1 Year: SBR + 3.78% More than 1 Year – Up to 5 Years: SBR + 4.24% More than 5 Years – Up to 10 Years: SBR + 4.07%
Electronic Payment
More than 1 Year: SBR + 4.42% More than 1 Year – Up to 5 Years: SBR + 4.75% More than 5 Years – Up to 10 Years: SBR + 4.77%
Required Documents
New Application
Copy of MyKad/MyTentera Latest 3 months salary slip Latest 3 months bank statements of salary crediting account At least one: Employer confirmation letter or EA Form
Repeated/Overlapping
Copy of MyKad/MyTentera Latest 3 months salary slip At least one: Employer confirmation letter or EA Form
Fees & Charges
Wakalah/Agency Fee
RM28.30
Stamp Duty Fee
0.5% of total financing (Stamp Duty Act 1949)
Early Settlement Fee
Rebate (Ibra’) given on deferred profit
Late Payment Charges
During tenure: 1% per annum on outstanding monthly payment After expiry: Not more than prevailing daily overnight Islamic Interbank Money Market rate (IIMM)
Personal Financing-i for Pensioner
Specially structured for government pensioners, this plan ensures that retired individuals maintain seamless access to cash to fund personal milestones or medical expenses during retirement. The product offers a manageable maximum financing limit of RM100,000 over a 10-year tenure, ensuring the monthly commitments remain stress-free and aligned with pension payouts.
Financing Rate, Fees and Charges
Financing Rate, Fees and Charges
Category
Details
Financing Rate
Pension Transfer to Bank Rakyat
Up to 1 Year: SBR + 3.30% More than 1 Year – Up to 5 Years: SBR + 3.63% More than 5 Years – Up to 10 Years: SBR + 3.65%
Electronic Payment
Up to 1 Year: SBR + 5.30% More than 1 Year – Up to 5 Years: SBR + 5.63% More than 5 Years – Up to 10 Years: SBR + 5.65%
Notes
Current Standard Base Rate (SBR): 2.75% Additional profit rate of 1.50% for financing without takaful
Features
Maximum financing amount: RM100,000 Financing tenure: Up to 10 years No guarantor required Takaful coverage optional
Payment Methods
Pension Transfer to Bank Rakyat Electronic Payment
Eligibility
Government pensioner Not older than 70 years at end of financing period Minimum monthly pension: RM1,000
Fees & Charges
Wakalah/Agency Fee
RM28.30
Stamp Duty Fee
0.5% of total financing (Stamp Duty Act 1949)
Early Settlement Fee
Rebate (Ibra’) given on deferred profit
Late Payment Charges
During tenure: 1% per annum on outstanding monthly payment After expiry: Not more than prevailing daily overnight Islamic Interbank Money Market rate (IIMM)
Personal Financing-i Debt Consolidation
This solution simplifies your financial life by merging multiple scattered credit balances from different lenders into a single, structured monthly installment. By migrating conventional debts into this Shariah-compliant account, you can tap into profit rates as low as 2.89% per annum, reducing monthly financial stress significantly.
Step-by-Step Guide
Step-by-Step Guide
Category
Details
Step 1: List Financing
Gather financing balance, profit rate charges, and monthly installments for the financing you want to consolidate
Step 2: Calculate Eligibility
Estimate financing eligibility by visiting any Bank Rakyat branch or calling the Call Centre at 1 300 80 5454
Step 3: Apply Financing
Submit application via: • Online at www.irakyat.com.my • Apply Now at www.bankrakyat.com.my • Call Centre 1 300 80 5454 • Visit nearest branch
Eligibility
Malaysian citizen Minimum age 18 years, maximum 60 years at end of financing tenure Minimum fixed monthly income RM1,600 including allowances Public sector, GLC companies, or subsidiaries Minimum of 3 months in service
Features
Consolidates multiple financing into one Simplifies repayment Potentially lower monthly installment
Personal Financing-i Private Sector
Designed specifically to meet the unique financial needs of private-sector employees, this package delivers highly competitive market rates to match varied lifestyle requirements. Utilizing the trusted Tawarruq concept, it empowers private professionals to secure capital up to RM400,000 with a 10-year tenure and no guarantor obligations.
Key Features
Key Features
Category
Details
Salary & Tenure
RM2,000 – RM3,000: New Application – 5 years, Repeated/Overlap – 10 years RM3,001 and above: New Application – 10 years, Repeated/Overlap – 10 years
Eligibility
Malaysian citizen Age: Minimum 18 years, maximum 60 years at end of financing tenure Minimum Gross Income: • RM2,000 and above for Permanent Employee • RM8,000 and above for Contract Employee Employment: Public Listed Companies, Private Limited Companies, Cooperatives, Legal Firms, NGOs
Concept
Tawarruq
Features
Financing amounts up to RM400,000 Financing tenure up to 10 years No guarantor required Takaful coverage optional
Required Documents
New Application
Copy of MyKad Latest 3 months salary slip Latest 3 months bank statements of salary crediting account EPF Statement At least one: Employer confirmation letter, EA Form, or e‑B Slip by LHDN
Repeated/Overlap Application
Copy of MyKad Latest 3 months salary slip EPF Statement At least one: Employer confirmation letter, EA Form, or e‑B Slip by LHDN
Financing Rate – BPA / Salary Deduction / Salary Transfer
Up to 1 Year
SBR + 4.91% or SBR + 5.91%
> 1 Year – 5 Years
SBR + 5.37% or SBR + 6.37%
> 5 Years – 10 Years
SBR + 5.47% or SBR + 6.47%
Financing Rate – Electronic Payment
Up to 1 Year
SBR + 6.91% or SBR + 7.91%
> 1 Year – 5 Years
SBR + 7.37% or SBR + 8.37%
> 5 Years – 10 Years
SBR + 7.47% or SBR + 8.47%
Notes
Profit rate & tenure subject to employer classification Current Standard Base Rate (SBR): 2.75% Additional profit rate of 1.50% for financing without takaful Ceiling Rate = Effective + 4.00%
Fees & Charges
Wakalah/Agency Fee
RM28.30
Stamp Duty Fee
0.5% of total financing (Stamp Duty Act 1949)
Early Settlement Fee
Rebate (Ibra’) given on deferred profit
Late Payment Charges
During tenure: 1% per annum on outstanding monthly payment After expiry: Not more than prevailing daily overnight Islamic Interbank Money Market rate (IIMM)
Personal Financing-i Private (Exclusive)
This premium tier caters exclusively to qualified professionals and high-earning executives within the private sector who require higher liquidity and customized financial attention. Offering substantial financing limits up to RM400,000, it provides elite tier profit rates and streamlined processing times to suit fast-paced professional lifestyles.
Financing Details
Financing Details
Category
Details
Payment Method & Tenure
Salary Deduction (PGM): 10 Years Salary Transfer to Bank Rakyat: 10 Years Electronic Payment: 8 Years
Eligibility
Malaysian citizen Age: Minimum 18 years, maximum 60 years at end of financing tenure Minimum Gross Income: • More than RM5,000 for Permanent Employee • RM8,000 and above for Contract Employee
Concept
Tawarruq
Features
Financing amounts up to RM400,000 Financing tenure up to 10 years No guarantor required Takaful coverage optional
Financing Eligibility
Salary Deduction (PGM) / Salary Transfer
RM5,000 – RM6,000: 20× monthly gross income More than RM6,000: 25× monthly gross income
Electronic Payment
RM5,000 – RM10,000: 8× monthly gross income More than RM10,000: 10× monthly gross income
Financing Rate – Floating
Up to 1 Year: SBR + 3.03% More than 1 Year – Up to 5 Years: SBR + 3.13% More than 5 Years – Up to 10 Years: SBR + 3.23%
Notes
Current Standard Base Rate (SBR): 2.75% Additional profit rate of 1.50% for financing without takaful Ceiling Rate = Effective + 4.00%
Required Documents
New Application
Copy of MyKad Latest 3 months salary slip Latest 3 months bank statements of salary crediting account EPF Statement At least one: Employer confirmation letter, EA Form, or e‑B Slip by LHDN
Repeated/Overlap Application
Copy of MyKad Latest 3 months salary slip EPF Statement At least one: Employer confirmation letter, EA Form, or e‑B Slip by LHDN
Fees & Charges
Wakalah/Agency Fee: RM28.30 Stamp Duty Fee: 0.5% of total financing (Stamp Duty Act 1949) Early Settlement Fee: Rebate (Ibra’) on deferred profit Late Payment Charges: During tenure – 1% per annum on outstanding monthly payment; After expiry – Not more than prevailing daily overnight Islamic Interbank Money Market rate (IIMM)
Personal Financing-i Umrah and Hajj
This specialized Islamic financing package is uniquely crafted to help Muslims fulfill their sacred spiritual journeys to Mecca without facing immediate financial strain. The funds efficiently cover travel packages, accommodation, and related pilgrimage expenses, allowing individuals to focus fully on their spiritual obligations with structured, affordable repayments.
Key Features
Key Features
Category
Details
Financing Amount
Maximum financing up to invoice amount AND travel allowance up to RM500 per day OR actual eligibility amount, whichever is lower
Application Steps
1. Obtain invoice/cost: Get invoices or costs from registered Umrah/Hajj management company 2. Calculate eligibility: Estimate financing eligibility at nearest Bank Rakyat branch or call 1‑300‑80‑5454 3. Apply financing: Submit application via: • Online banking at www.irakyat.com.my or www.bankrakyat.com.my • Contact Centre 1‑300‑80‑5454 • Visit nearest branch
Personal Financing-i for Solar Panel
Geared toward eco-conscious homeowners, this green energy financing option assists customers in purchasing and installing solar photovoltaic systems for their residential properties. By lowering the upfront barrier to renewable energy, Bank Rakyat helps clients reduce long-term electricity bills while contributing positively to national sustainability goals.
Key Features
Key Features
Category
Details
Products Offered
Personal Financing‑i Public Personal Financing‑i Private Personal Financing‑i Pensioner Personal Financing‑i Private (Exclusive)
Features
Financing amounts up to RM400,000 Fixed or floating profit rate options Supports renewable energy and sustainability projects
Benefits
Financial empowerment through energy savings Exclusive partnerships with top‑tier solar PV providers Environmental stewardship for a cleaner Malaysia Access to innovative solar technology
Eligibility
Malaysian citizen Age: Minimum 18 years, maximum 60 years at end of financing tenure Available for public sector employees, private sector workers, pensioners, and professionals
Application Steps
1. Obtain invoice/cost: Acquire invoices from Bank Rakyat’s solar partners 2. Calculate eligibility: Estimate financing eligibility at nearest branch or call 1‑300‑80‑5454 3. Apply financing: Submit application via: • Online banking at www.irakyat.com.my or www.bankrakyat.com.my • Contact Centre 1‑300‑80‑5454 • Visit nearest branch
Bank Rakyat’s Solar Partners
Voltago Solar Sdn Bhd Green Energy Generation Sdn Bhd UZMA Environergy Sdn Bhd Suria Infiniti Sdn Bhd Voltek Energy Sdn Bhd
Financing Rate
Equivalent to flat rate as low as 2.92% per year Financing tenure up to 10 years
Enquiries
Visit nearest branch or call Contact Centre tele‑Rakyat at 1‑300‑80‑5454
Terms
Terms and conditions apply
Personal Financing-i DivA
This exclusive financial program is specifically reserved for registered Bank Rakyat Members, offering them premium banking privileges and tailored financing solutions. The DivA package rewards member loyalty by granting access to optimized profit rates and preferential terms that are unavailable to the general public.
Key Features
Key Features
Category
Details
Features
Financing up to RM400,000 (Public/Private Sector) Up to RM100,000 (Pensioner) Tenure up to 10 years No guarantor required Takaful coverage optional Fixed profit rate
Financing Rate – Public Sector
Up to 1 Year: Normal 3.17%, Debt Consolidation 2.99% 1–5 Years: Normal 3.56%, Debt Consolidation 3.33% 5–10 Years: Normal 3.88%, Debt Consolidation 3.64%
Financing Rate – Private Sector
Up to 1 Year: Normal 4.39%, Debt Consolidation 4.19% 1–5 Years: Normal 4.48%, Debt Consolidation 4.27% 5–10 Years: Normal 4.88%, Debt Consolidation 4.65%
Financing Rate – Pensioner
Up to 1 Year: 4.00% 1–5 Years: 4.10% 5–10 Years: 4.34%
Notes
Rates apply with or without takaful
Financing Eligibility
Maximum 80% of Bank Rakyat’s shares held OR maximum financing amount allowed, whichever is lower
Eligibility
Malaysian citizen Minimum age 21 at application Maximum age: 60 (Public/Private), 70 (Pensioner) Minimum gross income: RM1,600 (Public), RM2,000 (Private) Minimum pension: RM800 (Pensioner) Holding Bank Rakyat shares of RM5,000 with at least 1 year membership
Required Documents – Public Sector
Copy of MyKad/MyTentera Latest 3 months salary slip Latest 3 months bank statements At least one: Employer confirmation letter or EA Form
Required Documents – Private Sector
Copy of MyKad/MyTentera Latest 3 months salary slip Latest 3 months bank statements EPF statement At least one: Employer confirmation letter, EA Form, or e‑B Slip by LHDN
Required Documents – Pensioner
MyKad Malaysia Government Pensioner Card (JPA) Army Pensioner Card (JHEV) Ledger Pensioner Pension Statement
Fees & Charges
Wakalah/Agency Fee: RM28.30 Stamp Duty Fee: 0.5% of total financing (Stamp Duty Act 1949) Early Settlement Fee: Rebate (Ibra’) on deferred profit Late Payment Charges: During tenure – 1% per annum on outstanding monthly payment; After expiry – Not more than prevailing daily overnight Islamic Interbank Money Market rate (IIMM)
Personal Financing-i E-Bike
Designed to encourage sustainable urban mobility, this targeted financing product provides accessible funding for purchasing eco-friendly electric motorcycles and bicycles. It offers low monthly installments and fast approvals, making green transportation affordable for daily commuters looking to reduce fuel costs and carbon footprints.
Key Features
Key Features
Category
Details
Products Offered
Personal Financing‑i Public Personal Financing‑i Private Personal Financing‑i Pensioner Personal Financing‑i Private (Exclusive)
Benefits
Savings on commuting costs (fuel & maintenance) Environmentally friendly choice – reduces air & noise pollution Access to government incentives & rebates for EV purchases
Features
Financing amounts up to RM400,000 Fixed or floating profit rate options Tailored for public sector, private individuals, pensioners, and professionals
Eligibility
Malaysian citizen Age: Minimum 18 years, maximum 60 years at end of financing tenure Available for all personal financing segments under Bank Rakyat guidelines
Financing Rate
Equivalent flat rate as low as 2.92% per annum Financing tenure up to 10 years
Application Steps
1. Obtain invoice/cost: Get invoice for E‑Bike purchase 2. Calculate eligibility: Estimate financing eligibility at nearest branch or call 1‑300‑80‑5454 3. Apply financing: Submit application via: • Online banking at www.irakyat.com.my or www.bankrakyat.com.my • Contact Centre 1‑300‑80‑5454 • Visit nearest branch
Terms
Terms and conditions apply
Conclusion
Bank Rakyat’s diverse personal financing portfolio ensures that every Malaysian—whether a public servant, private executive, pensioner, or eco-conscious consumer—can find a structured financial solution. By combining competitive Shariah-compliant concepts with practical benefits like debt consolidation, the bank remains a premier institution for personal wealth management.
