Public Bank Refinance Interest Rates 2026
Rate From
3.68%
p.a.
Base Rate (BR)
5.72%
Current
Spread
-2.04%
to -1.47%
Loan Details
- Min Loan: RM150,000
- Max Loan: RM10,000,000
- Max Tenure: 35 years
- Max LTV: 90%
Fees & Penalties
- Processing Fee: 0%
- Lock-in Period: 3 years
- Early Settlement: 2-3%
Calculator: Estimate Your Public Bank Refinance Savings
Use our free calculator to estimate how much you could save by refinancing with Public Bank. Their competitive rates starting from 3.68% can lead to significant monthly savings.
Calculate Your Savings with Public BankPre-filled with Public Bank's current rate of 3.68%
Is Public Bank Good for Refinancing? Honest Review
Public Bank is Malaysia's third-largest bank and is known for conservative lending practices and competitive interest rates. Here's our honest assessment:
Pros
- Very competitive rates - Among the lowest at 3.68%
- Fast approval - Known for efficient processing times
- Excellent for salaried employees - Favors stable income applicants
- Strong customer service - Consistent service quality
Cons
- Higher min loan - RM150,000 minimum
- Conservative approval - Stricter for self-employed
- Limited flexi features - Fewer cash-out options than competitors
- Branch-centric - Less digital-focused than some banks
Best For:
Salaried employees. Ideal for those prioritizing the lowest possible rate over flexibility. Public Bank is excellent if you have stable employment, good credit history, and don't need cash-out features.
Who Gets Approved? Public Bank Refinance Eligibility
Basic Requirements
- Age: 21 - 65 years old
- Malaysian citizen or PR
- Minimum income: RM3,000/month
- Clean CCRIS/CTOS record
Higher Approval Chances
- - Salaried employee with confirmed position
- - Government or GLC employee
- - Income above RM5,000/month
- - Property in urban areas (KL, Selangor, Penang, JB)
- - DSR below 60%. Check your DSR
May Face Challenges
- - Self-employed (stricter documentation required)
- - Commission-based income
- - Properties in rural areas
- - High existing debt commitments
Documents Required for Public Bank Refinance
For Salaried Employees
- - MyKad (front & back)
- - Latest 3 months salary slips
- - Latest 6 months bank statements
- - EA Form / Tax return (Form BE)
- - EPF statement
- - Employment confirmation letter
- - Property title / S&P agreement
- - Current loan redemption statement
For Self-Employed
- - MyKad (front & back)
- - Latest 6 months bank statements (personal & business)
- - Form B / Tax returns (2 years)
- - SSM business registration
- - Company profile / Business license
- - Financial statements (2 years)
- - Property title / S&P agreement
- - Current loan redemption statement
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Public Bank vs Other Banks Comparison
| Bank | Rate From | Lock-in | Max Tenure | Best For |
|---|---|---|---|---|
| Public Bank | 3.68% | 3 years | 35 years | Salaried employees |
| Maybank | 3.65% | 3 years | 35 years | Existing customers |
| CIMB | 3.70% | 3 years | 35 years | High loan amounts |
| Hong Leong | 3.72% | 3 years | 35 years | First-time refinancers |
* Rates are indicative and subject to change. Compare all 14 banks' rates → Maybank, CIMB, RHB, Hong Leong, AmBank
Hidden Costs & Fees to Watch
Early Settlement Penalty
2-3% of outstanding balance if settled within 3-year lock-in. Calculate this carefully before deciding to refinance.
Legal Fees
RM2,000 - RM5,000. Public Bank occasionally offers subsidized legal fee packages.
Valuation Fee
RM300 - RM1,000. Required to determine current market value.
Stamp Duty
0.5% of loan amount. May be exempted for first-time buyers or under RM500k.
MRTA Insurance
Public Bank typically requires MRTA. Shop around for standalone policies that may offer better coverage at lower premiums.
How Fast is Public Bank Refinance Processing?
Document Submission
Submit complete application at branch
Initial Screening
Quick initial review and CCRIS check
Property Valuation
Professional valuation arranged
Credit Approval
Public Bank known for efficient approvals
Letter of Offer
Receive and sign offer letter
Legal Documentation
Complete loan and security documents
Disbursement
Funds released, old loan settled
Pro Tip: Public Bank values complete documentation. Ensure all documents are prepared before applying to maximize approval speed.
How to Apply for Public Bank Refinance
Calculate Your Savings
Use our calculator to see if Public Bank's rates benefit you.
Prepare Complete Documents
IC, salary slips (3 months), bank statements (6 months), EA form, existing loan statement, property documents.
Visit Public Bank Branch
Public Bank prefers branch applications. Bring all original documents.
Property Valuation
Bank arranges property inspection. Keep property presentable.
Accept Loan Offer
Review Letter of Offer carefully. Compare with other offers.
Complete Legal Process
Sign loan agreement and mortgage documents with lawyer.
Disbursement
Public Bank settles existing loan. Refinance complete.