- Profit rate (p.a.)
4.99% - 9.50%
- Loan Tenure
1 - 8 years
- Approval Duration
Up to 2 business days
- Min. monthly income
What's so great about Al Rajhi Bank Personal Financing-i?
- Approved financing amount of up to RM150,000.
- Attractive profit rates as low as 4.99% flat p.a.*
- Takaful protection to applicant is available
|Min. financing amount||RM10,000|
|Max.financing amount|| Up to 8x monthly salary or up to RM150,000 whichever is lower|
|Min. loan tenure||1|
|Max. loan tenure||Up to 8 years based on monthly income|
|Profit rate||The profit rate ranges from 4.99% to 9.50% p.a depending on gross income and financing tenure|
|Approval duration||Up to 2 business days|
|Debt consolidation||Available through Balance Transfer Program|
Fees & Charges
|One time set up|
|Stamp duty||0.5% of financing amount|
|Disbursement & misc. fee||N/A|
|Late payment charges||As per internal Shariah Ruling|
|Age requirement||Age 25 - 60|
|Employment eligibility||Salaried employees of private sector|
|Min. salary requirement||RM5,000 gross per month|
|Guarantor / Collateral requirement||N/A|
|Need to open linked banked account?||Yes|
|Need to buy Takaful product?||Strongly encouraged|
Product Review by
Al Rajhi Bank Personal Financing-i FAQ
What is the maximum allowable financing amount?
Financing amount of up to eight times your monthly gross salary or up to RM150,000 for a maximum tenure of 8 years
What will it cost you and how will you be charged?One time set-up fee:
How long is the application approval process and what are the documents required?
Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.
Thereafter, Al-Rajhi Bank will require an average of two business days (not including Saturdays, Sundays, and public holidays) before approval or disbursement.
You are required to furnish the following documents for your financing application:
Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?
No, you are required to settle all overdue payments before applying. It is advised that you continue repaying your financing on time for another three months before reapplying, but subject to the banks own credit assessment.