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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

New BNM Governor Should Focus on Inflation and Monetary Policy – Year 2016

KUALA LUMPUR: The new central bank governor replacing Tan Sri Dr Zeti Akhtar Aziz will have to focus on reducing the country’s inflation rate and reviewing monetary policies.

According to Chairman of the Centre for Public Policy Studies (CPPS) Tan Sri Dr Ramon Navaratnam, it is appropriate that the new governor to review and understand the role of the central bank first before making any changes.


Ramon: It is appropriate that the new governor to review and understand the role of the central bank first before making any changes.

“First review the whole position and don’t take any action. He or she must understand the roles of the central bank on what are they doing and what they have done.

“Brainstorm with the senior officers, public sectors and private sectors first and ask them what they think of Bank Negara’s monetary policy, its view on government, fiscal and other policies.

Ramon says after three to six months in office, a change in policies can be done if necessary, after having discussions with all stakeholders and relevant parties.

“After studies and consultations have been made with the public and private sectors and the government, then look into the possibility of changes in policy if necessary.

“I think the priority is to tackle inflation, how to bring the exchange rate to a more respectable level and ensuring the continuity in strengthening the financial banking system,” he said.

Ramon added, the government should announce Zeti’s replacement as early as possible to reduce the impact on instability of the local market due to investors; concern.
Asked about who should replace Zeti, he said the candidate should not be a politician.

Zeti who has been BNM Governor for 16 years, is due to retire in April and had said that she would not stay for another term.

BSN eyes 72,000 Credit Card holders on 2016

KUALA LUMPUR: Bank Simpanan Nasional (BSN) is eyeing 72,000 new credit card holders this year, up by 20-30 percent from last year, said Vice-President/Head Cards Business Department, Mohd Sofian Amirudin.

He said the spending pattern of customers which is expected to continue growing by 30-40 percent this year, coupled with the introduction of several new cards by BSN, would help the government-owned bank achieve its target.
51457936190_TeacherscardBSN will continue to attract customers from the education industry as well as government servants, given the attractive rate offered for these segments.

“Teachers are a huge market for us. We have introduced the 1Teacher Card with a low profit charge rate of 8.8 percent for them. It is the lowest in the country compared to the 17.5 percent mostly offered by other banks,” Mohd Sofian said.

He told reporters this after a mock cheque presentation ceremony to winners of the BSN “Impian Tunai 8 Kembali Lagi” campaign by Deputy Chief Executive, Ahmad Latfan, here today.

To date, BSN’s customer base for credit cards stands at 200,000 with a monthly absolute spending value of RM60 million.

For the 1Teacher Card, BSN currently has more than 80,000 members and aims to issue another 30,000 cards this year.