• Profit rate (p.a.)

    4.99% - 9.50%

  • Loan Tenure

    1 - 8 years

  • Approval Duration

    Up to 2 business days

  • Min. monthly income

    RM5,000

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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

Product Features

Min. financing amountRM10,000
Max.financing amount Up to 8x monthly salary or up to RM150,000 whichever is lower
Min. loan tenure1
Max. loan tenureUp to 8 years based on monthly income
Islamic/ConventionalIslamic
Profit rateThe profit rate ranges from 4.99% to 9.50% p.a depending on gross income and financing tenure
Approval durationUp to 2 business days
Debt consolidationAvailable through Balance Transfer Program

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.5% of financing amount
Disbursement & misc. feeN/A
Penalties
Early settlementN/A
Late payment chargesAs per internal Shariah Ruling

Eligibility

Age requirementAge 25 - 60
Employment eligibilitySalaried employees of private sector
Min. salary requirementRM5,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?Yes
Need to buy Takaful product?Strongly encouraged

Product Review byiMoney

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

The catch?

  • Applicant must be at least 25 years of age
  • Lowest profit rate of 4.99% flat p.a is for 1 to 2 years financing tenure with monthly gross salary of RM15,000 & above
  • An employee of a private sector with a minimum gross salary of RM5,000 per month
  • Takaful protection is strongly encouraged

    • What will it cost you and how will you be charged?

    One time set-up fee:
  • Stamp duty of 0.5% on financing amount to be deducted upfront before financing disbursement (as per Stamp Duty Act 1989).
    • Recurring payments:
  • Monthly payment comprising principal amount and profit charge.
  • The profit rate ranges from 4.99% to 9.50% p.a depending on gross income and financing tenure.
    • Late penalty charge:
  • In compliant with Al Rajhi Bank’s Shariah ruling.

    • 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:

  • Copy of NRIC (front and back)
  • 3 months (most current) salary slips
  • 3 months (most current) bank statements
  • EPF statement (most current)
  • Certification letter by your current employer (if available)

    • 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.


    If you are looking for other personal loans, you may also consider
    HSBC Amanah Personal Financing-i
  • HSBC Amanah Personal Financing-i has a flat interest rate starting from 6.99% p.a. The maximum tenure for this personal loan is 7 years. It also comes with a minimum income requirement of RM3,000.
    • Mach I.O.U Personal Loan
  • With Mach I.O.U Personal Loan, the personal loan comes with an fixed interest rate starting from 7.20% p.a (after 20% cashback on interest). This personal loan has a maximum tenure of 5 years. It also comes with a minimum income requirement of RM3,000.
    • Bank Rakyat Personal Financing-i Aslah Swasta
  • The personal loan effective rate for Bank Rakyat Personal Financing-i Aslah Swasta starts from 6.16% p.a. It has a maximum tenure of 10 years. The personal loan also comes with a minimum income requirement of RM2,000.