Getting to know Public Islamic Bank Personal Loan
This personal loan is provided by Public Islamic Bank (a subsidiary of Public Bank) with a salary deduction by MCCM Resources Sdn Bhd and Revotek through Biro Angkasa. This loan is one of the personal loans that offers the lowest interest rates and high payouts to civil servants through salary deductions.
Special Loan Features
- Personal loan from Public Islamic Bank
- Financing amount up to RM350,000
- Financing period from a minimum of 2 years to a maximum of 10 years
- Fixed rate of 3.88% for loans from RM200,000 to RM350,000; and a flat 4.65% for loans RM50,000 to RM200,000; flat 5.2% for loans RM5,000 to RM49,000
- Payout as high as 98%
- Payment through Space Bureau (by MCCM Resources Sdn Bhd and Revotek)
- No member fees, no processing fees
- No guarantor or collateral
- Shariah concept financing
- Financing covered by Takaful
- Process 1-2 weeks
Applicant Requirements
- Malaysian citizens aged between 20 and 56 years
- Government employees, statutory bodies or selected GLCs (except Military Members)
- Permanent position and has served for a minimum of 1 year (or 6 months for the Ministry of Health, Education, Finance, Transport, Home Affairs and the Prime Minister's Department)
- Fixed monthly income of minimum RM1,500 including fixed allowance
- Must not have any Special Attention Account (SAA), current CCRIS arrears exceeding 2 months, Trade References or CTOS records over RM1,000.
- Debt holders with PTPTN are eligible to apply
Promotion plans made for you
Profit rate
- 3.88% fixed profit rate
Loan range
- RM 200,000 - RM 350,000
Profit rate
- 4.65% fixed profit rate
Loan range
- RM 50,000 - RM 200,000
Profit rate
- 5.20% fixed profit rate
Loan range
- RM 5,000 - RM 49,000
Achieve your dreams today
Want to buy or renovate a house? Starting or expanding a business? Paying off student loans? Enjoy this cheap and worthwhile personal loan to achieve any dream you have.
Lighten your debt burden by paying off credit card debt that pays 18% per year or expensive loans with this affordable personal loan from Public Islamic Bank. Rates are only from 3.88% fixed per annum
Direct Lending is an online personal loan platform that offers bank & cooperative personal loans that are fast, easy, safe and affordable. 100% free. Achieve your dreams today with us.
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Frequently Asked Questions
Public Islamic Bank - MCCM/Revotek personal loan is an unsecured personal loan. This means you do not need to provide collateral or guarantor to apply for this loan. Public Islamic Bank - MCCM personal loans are based on the Shariah concept.
You can apply for a personal loan from Public Islamic Bank - MCCM for any purpose such as renovating a home, buying a vehicle, starting or expanding a business, paying medical bills or paying off your expensive debt.
You are eligible to borrow if you are a civil servant in Malaysia and:
- A Malaysian citizen aged between 20 and 56 years
- Hold a permanent position and serve at least 1 year in the public sector or 6 months for the Ministry of Health, Education, Finance, Transport, Home Affairs and the Prime Minister's Department
- Minimum gross income of RM1,500 including fixed allowance
- Not declared bankrupt and able to repay the loan
Public Islamic Bank personal loan – MCCM/Revotek will calculate your external commitment. Examples are car loans, credit cards, home loans and others. So you need to settle the debt commitment before applying for this loan.
For borrowers who have problems with CCRIS records, Public Islamic Bank - MCCM/Revotek accepts but with the condition that the financing arrears cannot exceed 2 months. CCRIS records also cannot have Special Attention Account (SAA - Special Attention Account) records. For the CTOS problem, trade references or CTOS records exceeding RM1,000 are not eligible to apply for this loan.
Public Islamic Bank - MCCM/Revotek personal loans do not accept borrowers listed under the AKPK Credit Management Program.
The maximum loan amount that can be borrowed is RM150,000. The loan period is from a minimum of 2 years to a maximum of 10 years.
Your loan is repaid monthly through automatic salary deductions processed by Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA).
For personal financing, one of the general eligibility conditions that have been set is a salary deduction not exceeding 60% unless the cooperative provides some flexibility. In fact, there are other factors that can affect whether your loan application is approved or not, such as your credit record and debt service ratio. For example, you can try to apply for a personal loan even if your salary deduction is more than 60% but your credit record and DSR are good.
The required documents are:
- Copy of MyKad identification card (front and back)
- 3 months latest salary slip statement (certified true by the employer)
- Employment confirmation letter
- A copy of the latest bank statement with your monthly salary credit
The Public Islamic Bank - MCCM/Revotek personal loan application process is around 1-2 weeks. Please note that times shown are based on best efforts and are not guaranteed under any circumstances.
The fixed profit rate of Public Islamic Bank - MCCM/Revotek personal loans is 3.88% for loans RM200,000 to RM350,000; 4.65% for loans RM50,000 to RM200,000 and 5.20% for loans RM5,000 to RM49,000.
No member fees or processing fees will be charged for Public Islamic Bank - MCCM/Revotek personal loans.
For Public Islamic Bank - MCCM/Revotek personal loans, no advance installment payment is required.
The total payout or financing amount you can receive is as high as 98%. The amount of financing you will receive will be determined by the Public Islamic Bank - MCCM.
Public Islamic Bank - MCCM/Revotek personal loans have Takaful protection.
Yes, you can make an overlap loan for a Public Islamic Bank - MCCM/Revotek personal loan.
If you are late paying the monthly payment, you will be charged a late payment fee every month on the unpaid amount as stated in your financing agreement with the Public Islamic Bank - MCCM/Revotek personal loan.
Yes, you can make an initial explanation for Public Islamic Bank - MCCM/Revotek personal financing.
Check your eligibility through the Direct Lending platform and we will help you choose the best personal loan that suits your needs. Our experienced loan consultants will contact you and help you with the loan application process from AZ.
Apply and check your eligibility 100% free. No hidden charges or processing fees. To apply, click HERE .
* Subject to the terms and conditions. Public Islamic Bank's fixed financing profit rate is 3.88% for financing RM200,000 to RM350,000; 4.65% for financing RM50,000 to RM200,000; and 5.20% flat rate for financing RM5,000 to RM49,000. The financing period is between a minimum of 2 years and a maximum of 10 years.