• Interest Rate (p.a.)

    6.60% - 14.16%

  • Loan Tenure

    2 - 7 years

  • Approval Duration

    Up to 5 business days

  • Min. monthly income

    RM1,500

Loan calculator
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What's so great about RHB Islamic Bank Personal Financing-i for Private?
  • Approved loan amount of up to RM150,000.
  • Fixed interest rate of 1.18% per month.
  • Applicant covered by Takaful protection.

Product Features

Min. financing amountRM5,000
Max.financing amount- Up to 3.5x fixed monthly salary of RM18,000 – RM30,000
- Up to 5.5x fixed month salary of RM30,000 and above
- Up to RM150,000
Min. loan tenure2 years
Max. loan tenure7 years
Islamic/ConventionalIslamic
Interest rateFixed rate of 6.60% – 14.16% per annum
Approval durationUp to 5 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing feeRM50
Stamp dutyRM10
Disbursement & misc. feeRM30
Penalties
Early settlementN/A
Late payment charges1% on outstanding loan amount

Eligibility

Age requirementAge 21 - 65
Employment eligibilityEmployees of private sector organizations, or self-employed individuals
Min. salary requirementRM1,500 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

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

Product Review byiMoney

RHB Islamic Personal Financing-i for Private FAQ

What is the maximum amount you can borrow?

Borrowable amount of up to:

  • 3.5 times your fixed monthly gross salary for a maximum loan tenure of seven years for gross salary of RM18,000 – RM30,000 per month
  • 5.5 times your fixed monthly gross salary or up to RM150,000 for a maximum loan tenure of seven years for gross salary of RM30,000 and above per month
  • The catch?

    Applicant must be between the age of 21 to 65 to qualify.

    Applicant must be employed as an employee of a private sector organization, or self-employed with a minimum gross salary of RM1,500 per month.

    Opening of a linked bank account and Takaful protection is compulsory.

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

    One time set-up fee:
  • Processing fee of RM50, stamp duty of 0.5% on loan amount, and brokerage fee of RM30 to be deducted upfront before loan disbursement. No other set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via standing instruction deduction.
  • For loan amount of RM5,000 – RM10,000:
  • Fixed interest rate of 14.16% per annum (1.18% per month) throughout the entire loan tenure.
  • For loan amount of RM11,000 – RM50,000:
  • Fixed interest rate of 12.22% per annum (1.02% per month) throughout the entire loan tenure.
  • For loan amount of RM51,000 – RM99,000:
  • Fixed interest rate of 10.33% per annum (0.86% per month) throughout the entire loan tenure.
  • For loan amount of RM100,000 – RM150,000:
  • Fixed interest rate of 6.60% per annum (0.55% per month) throughout the entire loan tenure.
  • Penalties:
  • No early settlement penalty or late payment charges imposed.
  • Calculate the cost of taking up this loan using our calculator

    How long will the application take and what documentations are required?

    Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.

    Thereafter, RHB 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 loan application:

    Salaried applicant for a multinational corporation (MNC):
  • Copy of NRIC (front and back)
  • Either 1 of the documents below:
  • 1 month (most current) salary slip
  • 1 month (most current) bank statement
  • EPF statement (most current)
  • Salaried applicant for a non-multinational corporation (non-MNC):
  • Copy of NRIC (front and back)
  • Either 1 of the documents below:
  • 1 month (most current) salary slip AND 1 month (most current) bank statement
  • EPF statement (most current)
  • Self-employed applicant:
  • Copy of NRIC (front and back)
  • Form 9, 24, 49 OR Business Registration Certificate
  • 6 months (most current) bank statements
  • B/BE form with tax payment receipt attached
  • 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 loans on time for another three months before reapplying.


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