Bank Rakyat is a local, Islamic bank with 180+ Branches. They offer 5 different Credit Cards, and 5 Personal Loans Read more Show less
Bank Rakyat offers a bevy of financial products to the consumers, such as personal loans with competitive rates.
Credit Card | Min. annual income required (RM) | Annual fee for principal card | Annual fee for supplementary card | Conditions for waiver |
Bank Rakyat Credit Card-i Platinum | 60,000 | RM 388 | RM 150 | 2nd and subsequent years will be waived with at least one swipe per year |
Bank Rakyat Platinum Explorer Credit Card-i | 60,000 | waived | waived | waived with no condition |
Bank Rakyat Credit Card-i Gold | 36,000 | RM 150 | RM 80 | waived with no condition |
Bank Rakyat Credit Card-i Classic | 24,000 | RM 60 | RM 30 | waived with no condition |
Bank Rakyat Muslimah Credit Card-i | 24,000 | RM 150 | RM 80 | waived with no condition |
Credit Card-i Bank Rakyat-Takaful IKLHAS | 24,000 | waived | waived | waived with no condition |
[last updated: 08 Nov 2019]
Features & Benefits
Eligibility
Fees & Charges
Tier | Criteria | Yearly Profit Rate |
Tier 1: Minimum payment received before or on the due date for 9 consecutive months | Non-Bank Rakyat Share Member | 13.5% |
Bank Rakyat Share Member | 13.0% | |
Tier 2: Minimum payment received before or on the due date for 6 months or more within a 9 months' period | Non-Bank Rakyat Share Member | 17.0% |
Bank Rakyat Share Member | 15.5% | |
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2 | Non-Bank Rakyat Share Member | 18.0% |
Bank Rakyat Share Member | 17.0% |
*Tiered pricing structure above not applicable for Bank Rakyat staff
Documents Required
Category | Documents to prepare |
government servants | compulsory
|
private sector employees | compulsory
|
monthly salary with commission base | compulsory
any of the following where necessary
|
no basic pay, full commission base | compulsory
|
self-employed | compulsory
|
expats | compulsory
|
pensioner | compulsory
|
Reference
Features & Benefits
Item | Year 1 | Year 2 | Year 3 |
auto-debit facility | 0.5% | 0.5% | 0.5% |
good paymaster | 1.0% | 1.0% | 1.5% |
other Bank Rakyat Financing Facility | 0.5% | 1.0% | 1.0% |
Total Rebate (Tabung Rakyat Rewards) | 2.0% | 2.5% | 3.0% |
Eligibility
Fees & Charges
Tier | Criteria | Yearly Profit Rate |
Tier 1: Minimum payment received before or on the due date for 9 consecutive months | Non-Bank Rakyat Share Member | 13.5% |
Bank Rakyat Share Member | 13.0% | |
Tier 2: Minimum payment received before or on the due date for 6 months or more within a 9 months' period | Non-Bank Rakyat Share Member | 17.0% |
Bank Rakyat Share Member | 15.5% | |
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2 | Non-Bank Rakyat Share Member | 18.0% |
Bank Rakyat Share Member | 17.0% |
*Tiered pricing structure above not applicable for Bank Rakyat staff
Documents Required
Category | Documents to prepare |
government servants | compulsory
|
private sector employees | compulsory
|
monthly salary with commission base | compulsory
any of the following where necessary
|
no basic pay, full commission base | compulsory
|
self-employed | compulsory
|
expats | compulsory
|
pensioner | compulsory
|
Reference
Features & Benefits
Eligibility
Fees & Charges
Tier | Criteria | Yearly Profit Rate |
Tier 1: Minimum payment received before or on the due date for 9 consecutive months | Non-Bank Rakyat Share Member | 13.5% |
Bank Rakyat Share Member | 13.0% | |
Tier 2: Minimum payment received before or on the due date for 6 months or more within a 9 months' period | Non-Bank Rakyat Share Member | 17.0% |
Bank Rakyat Share Member | 15.5% | |
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2 | Non-Bank Rakyat Share Member | 18.0% |
Bank Rakyat Share Member | 17.0% |
*Tiered pricing structure above not applicable for Bank Rakyat staff
Documents Required
Category | Documents to prepare |
salary employed | compulsory
any of the following where necessary
|
self-employed | compulsory
|
non-Malaysian citizens | compulsory
any of the following where necessary
|
Features & Benefits
Eligibility
Fees & Charges
Tier | Criteria | Yearly Profit Rate |
Tier 1: Minimum payment received before or on the due date for 9 consecutive months | Non-Bank Rakyat Share Member | 13.5% |
Bank Rakyat Share Member | 13.0% | |
Tier 2: Minimum payment received before or on the due date for 6 months or more within a 9 months' period | Non-Bank Rakyat Share Member | 17.0% |
Bank Rakyat Share Member | 15.5% | |
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2 | Non-Bank Rakyat Share Member | 18.0% |
Bank Rakyat Share Member | 17.0% |
*Tiered pricing structure above not applicable for Bank Rakyat staff
Documents Required
Category | Documents to prepare |
salary employed | compulsory
any of the following where necessary
|
self-employed | compulsory
|
non-Malaysian citizens | compulsory
any of the following where necessary
|
Features & Benefits
Eligibility
Fees & Charges
Tier | Criteria | Yearly Profit Rate |
Tier 1: Minimum payment received before or on the due date for 9 consecutive months | Non-Bank Rakyat Share Member | 13.5% |
Bank Rakyat Share Member | 13.0% | |
Tier 2: Minimum payment received before or on the due date for 6 months or more within a 9 months' period | Non-Bank Rakyat Share Member | 17.0% |
Bank Rakyat Share Member | 15.5% | |
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2 | Non-Bank Rakyat Share Member | 18.0% |
Bank Rakyat Share Member | 17.0% |
*Tiered pricing structure above not applicable for Bank Rakyat staff
Documents Required
Category | Documents to prepare |
salary employed | compulsory
any of the following where necessary
|
self-employed | compulsory
|
non-Malaysian citizens | compulsory
any of the following where necessary
|
Features & Benefits
Eligibility
Fees & Charges
Tier | Criteria | Yearly Profit Rate |
Tier 1: Minimum payment received before or on the due date for 9 consecutive months | Non-Bank Rakyat Share Member | 13.5% |
Bank Rakyat Share Member | 13.0% | |
Tier 2: Minimum payment received before or on the due date for 6 months or more within a 9 months' period | Non-Bank Rakyat Share Member | 17.0% |
Bank Rakyat Share Member | 15.5% | |
Tier 3: Does not meet the above conditions for Tier 1 and Tier 2 | Non-Bank Rakyat Share Member | 18.0% |
Bank Rakyat Share Member | 17.0% |
*Tiered pricing structure above not applicable for Bank Rakyat staff
Documents Required
Category | Documents to prepare |
salary employed | compulsory
any of the following where necessary
|
self-employed | compulsory
|
non-Malaysian citizens | compulsory
any of the following where necessary
|
Bank Rakyat is an Islamic cooperative bank that was established in Malaysia on 28th September 1954. It is the result of the merger of 11 union banks. However, it only became Syariah compliant with several branches in 1993, before becoming the Islamic cooperative bank it is today in 2003. That changed enabled the bank to record encouraging profits year after year.
Its products and facilities include consumer banking, commercial financing, savings, and investments, as well as financial planning products. This allows the bank to handle the demands of the modern-day consumer. They have also received various recognitions as an industry player and as an outstanding cooperative organization internationally and in Malaysia.