RHB Islamic Personal Financing-i (Medical)

The RHB Islamic Personal Financing-i (Medical) is an exclusive personal financing campaign that is offered by RHB. It is designed to help individuals and families pay for their medical expenses. It is an unsecured personal financing that can be used to cover a wide range of medical expenses, including hospitalization bills, surgery costs, medication expenses, and even cosmetic surgery. It offers a high financing amount of up to RM150,000, and a low minimum income requirement of only RM3,000 a month. Only customers that sign up for Group Credit Family Takaful (GCFT) coverage will be eligible to enjoy 3% lower effective profit rate (campaign rates).

Is RHB Islamic Personal Financing-i (Medical) the right one for me?

Best for: iMoney recommends RHB Islamic Personal Financing-i (Medical) for medical expenses use, as it offers fast approval of 24 hours with a 3% rebate from effective board profit rates provided if customers sign up for the Group Credit Family Takaful (GCFT) takaful coverage

Income requirements: RM3,000 gross income a month.

Pros: Fast Approval with a low-income requirement, as well as a high financing amount.

• How do I apply for an RHB Islamic Personal Financing-i (Medical)?

  All you need to do is click on the orange “Apply” button on the top right of your screen. Then fill in your contact details and we will get in touch to get started with your financing application.

• What is the maximum financing amount for RHB Islamic Personal Financing-i (Medical)?

  The maximum you can finance is up to RM150,000, while the minimum amount is RM2,000.

• What is the maximum financing tenure?

  How long can you spread your payment? The maximum financing tenure for RHB Islamic Personal Financing-i (Medical) is 7 years, while the minimum is 2 years. The longer your financing tenure is, the lower your monthly instalment will be.

• How does the RHB Islamic Personal Financing-i (Medical) calculator work?

  The iMoney Calculator is designed to match you with the most suitable financing for your needs. It takes into account your salary (which will determine how much you are able to finance), the type of financing you want, and the amount you want to apply.

  You can also use the calculator to adjust the amount of time you will need to pay it back to get an idea of how much the monthly payments you can afford.

• What is the RHB Islamic Personal Financing-i (Medical) profit rate?

  The RHB Islamic Personal Financing-i (Medical) is a variable rate personal financing product. The profit rate ranges from 7.19% to 13.83% per annum(fixed rate equivalent), or per year throughout the financing tenure. 

  Exclusive profit rates to enjoy 3% lower effective profit rates (campaign rates) if customers sign up for Group Credit Family Takaful (GCFT) coverage. 

  RHB Islamic Personal Financing-i (Medical) Payment Table

• What are the requirements when applying for an RHB Islamic Personal Financing-i (Medical)?

  Income: It has a low minimum income of RM3,000 per month.

  Age: To qualify, you must be aged between 21 and 60. This means, your financing should end latest by age 60 of the applicant.

  Other qualifying criteria:

  • Malaysian citizen
  • Employed in the private sector, or self-employed
  • May be required to open a bank account with RHB for the financing amount to be credited to your account
  • Group Credit Family Takaful (GCFT) takaful coverage is required for customer to enjoy the 3% lower effective profit rate

• What are the required documents?

  Upon completing your application with iMoney, our call centre consultant will contact you to confirm your application. Then, you will need to complete your application at the nearest RHB branch.

  All you need to bring along with you to the bank is your MyKad. With biometric verification, all your income data needed will be auto-filled electronically by the bank. Typically, you will not need to submit additional documents, but to be on the safe side, do bring along the following documents:

  1. If you are employed:
     • Any of the documents below (choose one):
     • Latest 1-month salary slip
     • Latest EPF statement with 18 months’ contributions
     • Latest 3 months’ savings account activity/current account statements
  2. If you are self-employed:
     • Copy of current and valid Business Registration Card (minimum 2 years in business)
     • Latest 6 months’ bank statement
     • Latest B/BE Form with validated payment slip/receipt to LHDN
  3. Medical documents:
     •  Pre-treatment:
       • Treatment booking form from hospitals, treatment centers, clinics (including cosmetics centers and dental clinics)
       • Appointment letter/card
       • Copy of Referral Letter ( if any)
       • Copy of MRI, X-ray, CT Scan ,HPE & other radiology/ lab reports & other relevant reports (if any ,depends on the tests performed by the doctor(s))
       • Medicine/medical related prescription
     • For post-treatment:
       • Reimbursement Medical Form
       • Original Hospital/Clinic Bill(s) & Receipt(s)
       • Appointment letter/card
       • Medicine/supplement prescriptions
       • Receipts for prosthetics, wheel chairs, and crutches etc.

• How long is the approval process?

  The RHB Islamic Personal Financing-i (Medical) can be processed as fast as 24 hours upon submitting all your information and documents to the bank. iMoney will assist you in checking eligibility and completing your form and document submission.

  Upon approval, the financing amount will be credited into a bank account that you provided to the bank. You may be required to open an RHB's bank account.

• How can I check my RHB Islamic Personal Financing-i (Medical) application status?

  You can contact iMoney for updates on your RHB Islamic Personal Financing-i (Medical). We will retrieve the status and get back to you within two (2) working days.

• What are the fees and charges?

  One-time set-up fee: You may be required to pay the stamp duty for the financing, which will be deducted from the amount before it is credited to your account.

  Late payment charges: 1 % p.a. on the overdue payment amount(s)

  Early settlement fee: There will be no exit fee charges imposed in the event of early settlement and no lock-in period is imposed and no partial principal payment is allowed.

  Takaful protection: The bank may require you to take up Takaful coverage for this financing, which varies accordingly to financing amount, age and payment period.

• How much do I have to pay monthly?

  The monthly payment is fixed throughout the financing tenure, and calculated based on your financing amount, financing tenure and profit rate.

  Use the personal financing calculator above to calculate your monthly payment.

• Do you have the RHB Islamic Personal Financing-i (Medical) payment table 2023?

  Here you can find and download the RHB Islamic Personal Financing-i (Medical) payment table.

• How can I pay my RHB Islamic Personal Financing-i (Medical) online?

  • By direct debit standing instruction from your savings/current accounts/-i
  • Self-payment at any RHB branches or ATM

• How can I check my RHB Islamic Personal Financing-i (Medical) balance?

  You can check on your RHB Islamic Personal Financing-i (Medical) status by logging into your RHB Internet Banking and RHB Mobile Banking app. It will be listed alongside any other RHB accounts that you own.

• Can government servants or staff apply for a RHB Islamic Personal Financing-i (Medical)?

  Yes, the RHB Islamic Personal Financing-i (Medical) application is open to all Malaysian citizens.

• Will pensioners be able to apply for an RHB Islamic Personal Financing-i (Medical)?

  To apply for an RHB Islamic Personal Financing-i (Medical) you must be between the ages 21 and 60 years old, and be able to show proof of income.

• Can I apply if I have a bad CCRIS/CTOS/credit score?

  As part of its approval process, RHB will check your credit record to determine your creditworthiness. If you have been blacklisted, have a bad CCRIS record or have a weak credit score, chances are your application will be rejected.

  iMoney recommends that you settle all your overdue payments before applying and keep a healthy credit record before you apply for personal financing. It is advised that you continue paying your financing on time for another three months before reapplying.