Public Bank Personal Loan – Year 2016


Public Bank Personal Loan

BAE Personal Financing-I

BAE Personal Financing-I (Personal Loan) 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 payback is 2 years and the maximum will be 10 years. Based on the eligibility, customers who apply for the loan will be able to get loans from RM 5, 000 to RM 150, 000.To ease customers payment method, Public Bank will deduct the loan monthly payment directly from the customers salary.

Customers enjoy great benefits as Public Bank offers quick cash in hand 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 adjusted with the employer. Another important factor, there’s no guarantor required for loan application. Also if customers plan to terminate the loan by paying back the full amount, there is no early settlement fees for the personal loan. (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 charges 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 be different 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.


In order to fulfill to customers convenience of personal financing with BAE Personal Financing-I(Personal Loan), 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 1 year in service in any one of our approved branches or agencies.


To apply for the loan, customers need to :

  1. make a copy of NRIC (front and back),
  2. latest 3 month’s salary slips or EPF statements,
  3. letter from employer confirming position and salary.
  4. Any additional documents; Public Bank representative will guide you during the application.
  • Repayment Table


Jadual Pembayaran Balik Bulanan Pinjaman Peribadi BAE-i

Jadual Pembayaran Balik Bulanan Pinjaman Peribadi BAE-i