• Interest Rate (p.a.)

    8.18% - 14.52%

  • Loan Tenure

    1 - 7 years

  • Approval Duration

    5 business days

  • Min. monthly income

    RM1,500

Loan calculator
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Monthly salaryRM0
Interest Rate (p.a.)

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What's so great about RHB Personal Financing?
  • Approved loan amount of up to RM150,000.
  • Fixed interest rate starting at 0.68% per month.
  • Individuals between the age 18 to 60 may apply.

Product Features

Min. financing amountRM2,000
Max.financing amount Up to 5x fixed monthly salary or up to RM150,000
Min. loan tenure1 year
Max. loan tenure7 years
Islamic/ConventionalConventional
Interest rateFixed rate of 8.18% – 14.52% per annum
Approval duration5 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.1% of approved loan amount
Disbursement & misc. feeN/A
Annual feeN/A
Other feesN/A
Penalties
Early settlementRM100 or 1%, whichever is higher if prepayment in full is made within the lock-in period of 6 months
Late payment charges1% p.a. on outstanding loan amount
Other penaltiesN/A

Eligibility

Age requirementAge 18 - 60
Employment eligibilityGovernment servants, employees 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?No
Other detailsN/A

Product Review byiMoney

Overview

RHB Personal Financing is an unsecured personal loan for government servants, employees of private sector organizations, or self-employed individuals. The minimum financing amount can be applied is RM2,000 and maximum up to RM150,000 for the minimum loan tenure of 1 year and maximum of 7 years. This is a conventional loan with fixed rate of 8.18% to 14.52% per annum and faster approval period of 5 working days. You are allowed to settle your loan whenever you want but there will be 1% penalty charged if you clear your outstanding loan within the first 6 months from the date of loan approval.

There are no processing fees to be paid where else a ONE-TIME payment of 1% per annum will be charged for the stamp duty. In order to apply for this loan you have to fit in the criteria of being a Malaysian citizen, must be between the age of 18 to 60 with a minimum monthly gross salary of RM1,500. Therefore, opening of a linked bank account is compulsory. To have a smooth loan application process and avoid higher risk of loan rejection you will have to make sure to furnish complete documents required by the bank and to have a good record in CTOS and CCRIS.

RHB Easy-Pinjaman Ekspres FAQ

What is the maximum amount you can borrow?

Borrowable amount of up to fives times your fixed monthly gross salary or RM150,000 for a maximum loan tenure of 7 years.

The catch?

Applicant must be between the age 18 to 60 above to qualify.

Applicant must be a Malaysian citizen employed as a Government servant, 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 is compulsory.

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

One time set-up fee:
  • 0.1% of approved loan amount.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via standing instruction deduction.
  • For loan amount of RM2,000 – RM10,000:
  • Fixed interest rate of 13.38% per annum to 14.52% per annum throughout the entire loan tenure.
  • For loan amount of RM11,000 – RM50,000:
  • Fixed interest rate of 11.63% per annum to 13.09% per annum throughout the entire loan tenure.
  • For loan amount of RM51,000 – RM99,000:
  • Fixed interest rate of 9.90% per annum to 10.94% per annum throughout the entire loan tenure.
  • For loan amount of RM100,000 – RM150,000:
  • Fixed interest rate of 8.18% per annum to 8.87% per annum throughout the entire loan tenure.
  • Penalties:
  • Early settlement penalty of 1% of approved loan amount if cleared within 6 months from the date of loan approval.
  • Late payment charges of 1% p.a. on outstanding loan amount. Late payment charges will increase your total outstanding loan amount.
  • 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 employee of a multinational corporation (MNC):
    • Copy of NRIC (front and back)
    • Any of the documents below (choose one):
    • 1 month (most current) salary slip
    • 1 month (most current) bank statement
    • 6 months (most current) EPF statements
    Salaried employee of a non-multinational corporation (Non-MNC):
    • Copy of NRIC (front and back)
    • 1 month (most current) salary slip
    • 1 month (most current) bank statement
    • 6 months (most current) EPF statements
    Government servant:
    • Copy of NRIC (front and back)
    • 1 month (most current) salary slip
    • 1 month (most current) bank statement
    Self-employed applicant:
    • Copy of NRIC (front and back)
    • Form 9, 24, 49 OR Business Registration Certificate
    • Any of the documents below (choose one):
    • 6 months (most current) bank statements
    • B/BE form with tax payment receipt attached (most current)
    Applicant earning commission:
    • Copy of NRIC (front and back)
    • 6 months (most current) commission statements
    • 6 months (most current) bank statements
    • B/BE form with tax payment receipt attached (most current)

    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.


    If you are looking for other personal loans, you may also consider
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  • AmBank Islamic Personal Financing-i has a flat interest rate starting from 4.30% p.a. The maximum tenure for this personal loan is 10 years. It also comes with a minimum income requirement of RM1,500.
  • Hong Leong Personal Loan
  • With Hong Leong Personal Loan, the personal loan comes with an fixed interest rate starting from 12% p.a. This personal loan has a maximum tenure of 7 years. It also comes with a minimum income requirement of RM2,000.
  • Citibank Ready Credit (Pay Lite)
  • The personal loan effective rate for Citibank Ready Credit (Pay Lite) starts from 14% p.a. It has a maximum tenure of 4 years. The personal loan also comes with a minimum income requirement of RM2,000.