• Interest Rate (p.a.)

    7.50% - 7.50%

  • Loan Tenure

    1 - 10 years

  • Approval Duration

    Up to 5 business days

  • Min. monthly income


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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.

Product Features

Min. financing amountRM1,000
Max.financing amount Up to 8x fixed monthly salary or up to RM150,000
Min. loan tenure1
Max. loan tenure10
Interest rateFixed rate of 7.50% per annum
Approval durationUp to 5 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.5% of financing amount
Disbursement & misc. feeN/A
Early settlementN/A
Late payment chargesN/A


Age requirementAge 25 - 54
Employment eligibilityGovernment servants, employees of private sector organizations, and self-employed individuals
Min. salary requirementRM5,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?No
Need to buy Takaful product?Yes

Product Review byiMoney

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.

The catch?

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:
  • Stamp duty of 0.5% on financing amount to be deducted upfront before financing disbursement (as per Stamp Duty Act 1989). Besides that, there are 0.05% handling fees.
  • Recurring payments:
  • Monthly repayment comprising principal amount and profit charge via payment method of your choice. For financing tenure of 1 - 10 years, the profit rate is 7.50% p.a.
  • Penalties:
  • 1% p.a on installment amount overdue, accruing from the due date up to the date of settlement. For maturity facility, prevailing daily overnight Islamic Interbank Money Market (IIMM) will be imposed on the overdue principal accruing from the expiry date up to the date of settlement. No early settlement 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:

  • 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 you are commission earner:

  • Copy of NRIC (front and back)
  • Copy of Bank Statement/Passbook (first page) of Disbursement Account with Applicant's sole name
  • Latest 6 months commission statement/payment voucher verified against bank statements OR Latest EA Form OR Latest B Form together with validated payment slip/receipt to LHDN.
  • 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.

    If you are looking for other personal loans, you may also consider
    HSBC Amanah Anytime Money Personal Financing-i
  • HSBC Amanah Anytime Money Personal Financing-i has a flat interest rate starting from 10.50 % p.a. The maximum tenure for this personal loan is 5 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 12% p.a. This personal loan has a maximum tenure of 5 years. It also comes with a minimum income requirement of RM2,000.
  • Bank Rakyat Personal Financing-i Aslah Swasta
  • The personal loan effective rate for Bank Rakyat Personal Financing-i Aslah Swasta starts from 14.1% p.a. It has a maximum tenure of 10 years. The personal loan also comes with a minimum income requirement of RM2,000.