- Interest Rate (p.a.)
7.50% - 7.50%
- Loan Tenure
1 - 10 years
- Approval Duration
Up to 5 business days
- Min. monthly income
What's so great about Al Rajhi Bank Personal Financing-i?
- Approved financing amount of up to RM150,000.
- Fixed profit rate of 0.75% per month.
- Applicant covered by Takaful protection.
|Min. financing amount||RM1,000|
|Max.financing amount|| Up to 8x fixed monthly salary or up to RM150,000|
|Min. loan tenure||1|
|Max. loan tenure||10|
|Interest rate||Fixed rate of 7.50% per annum|
|Approval duration||Up to 5 business days|
Fees & Charges
|One time set up|
|Stamp duty||0.5% of financing amount|
|Disbursement & misc. fee||N/A|
|Late payment charges||N/A|
|Age requirement||Age 25 - 54|
|Employment eligibility||Government servants, employees of private sector organizations, and self-employed individuals|
|Min. salary requirement||RM5,000 gross per month|
|Guarantor / Collateral requirement||N/A|
|Need to open linked banked account?||No|
|Need to buy Takaful product?||Yes|
Product Review by
Al Rajhi Bank Personal Financing-i FAQ
What is the maximum allowable financing amounts?
Borrowable amount of up to five times your fixed monthly gross salary or up to RM150,000 for a maximum financing tenure of 10 years.
Applicant must be between the age of 25 to 60 to qualify.
Applicant must be a Government servant, an employee of a private sector organization, or self-employed with a minimum gross salary of RM5,000 per month.
Takaful protection is compulsory.
What will it cost you and how will you be charged?One time set-up fee:
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 five 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:
If you are commission earner:
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.