RHB Bank Personal Loan

About RHB Bank

Since its inception in 1913, RHB Banking Group has been one of Malaysia’s leading financial institutions. RHB Bank offers prospective customers various financial services such as financing, investment, remittance, insurance, etc. It is supported by a cohesive and inspired workforce and relationships built with stakeholders. In Malaysia, RHB currently has 278 branches.

What is a personal loan?

A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement.

What type of personal loan does RHB offer?

RHB provides 2 types of personal loans:

RHB Personal Financing Loan
RHB Personal Financing-i

Personal Financing-i for Civil Sector
Personal Financing-i for Private Sector
Personal Financing-i for Pensioner

What are the eligibility to apply for RHB personal loans?

The eligibility for individuals to apply for RHB personal loans are as follows:

RHB Personal Financing Loan

Private-sector employee
Between 21 to 55 years old
Minimum annual income of RM18,000

RHB Personal Financing-i

Personal Financing-i for Civil Sector

Federal/ state government/ selected GLCs employee
Between 18 to 58 years old
Minimum monthly income of RM2,000 (inclusive fixed allowance)

Personal Financing-i for Private Sector

Malaysian citizen
Private-sector employee

Personal Financing-i for Pensioner

Malaysian citizen
40 years old and above

Why should I choose RHB personal loans?

You can have a fixed monthly instalment
Shariah-compliant personal financing loans are available
Profit rate as low as 8.18% p.a.

There are numerous other reasons you should choose RHB personal loans.

What are the benefits I can enjoy from RHB personal loans?

RHB personal loans can provide you with the following benefits:

RHB Personal Financing Loan

No guarantor or collateral is required
Get instant financing of up to RM150,000
On-the-spot approval and disbursement
You can enjoy up to 7 years of tenure
You can also consolidate your debts
As low as RM57.54 per month

RHB Personal Financing-i for Civil Sector

Financing of up to RM200,000 is available
Payment terms of up to 10 years are available
A guarantor is not required
A salary deduction plan

RHB Personal Financing-i for Private Sector

Financing of up to RM100,000 is available
Debt consolidation

RHB Personal Financing-i for Pensioner

Exclusively for Malaysian government pensioners
Financing of up to RM100,000 is available
Payment terms of up to 10 years are available
A guarantor is not required

What are the documents required for RHB personal loans?

When applying for RHB personal loans, the following documents are required:

RHB Personal Financing Loan

Salaried employee

Copy of MyKad (front and back)
Latest 1-month salary slip, bank statement, or 6-month EPF statement

Self-employed

Copy of MyKad (front and back)
Business Registration Certificate (company must be at least 2 years old)
Latest 6-month bank statement
Latest Form B from the Inland Revenue Board

RHB Personal Financing-i for Civil Sector

Copy of MyKad (front and back)
Latest 3-month salary slip
Employee confirmation letter (with employer’s letterhead)
Copy of RHB Bank Berhad/ RHBIB/ any other banks account passbook
Redemption Statement of other banks/ financial institutions (if any)
Retirement Option Letter (if the applicant is 48 years old or older and their tenure exceeds the mandatory retirement age)
Transfer Letter (for applicants who will be transferred within six months of their application)
T228 (for Sarawak only)

RHB Personal Financing-i for Private Sector

Copy of MyKad (front and back)
Latest 1-month salary slip

RHB Personal Financing-i for Pensioner

Copy of MyKad (front and back)
Copy of Malaysia Government Pensioner Card/ Army Pensioner CardPension Statement (JPA)
Pension Ledger (JHEV)
Copy of RHBIB Savings Account passbook/ statement
Redemption Statement of other banks/ financial institutions (if any)
Bank Exchange Application Letter to pay Pension
Pension Form (JPA/ KWAP/ JHEV)

What are the fees included in RHB personal loans?

Certain fees apply, including:

RHB Personal Financing Loan

Stamp duty fee

0.5% of the whole amount
Late payment fee

1% from the current outstanding amount
Early termination fee

RM100 or 1% of the remaining amount, whichever is higher

RHB Personal Financing-i for Civil Sector

Stamp duty fee

RM10 per document
Brokerage fee

RM30 per application
Collection fee

2.0% of the monthly payment
Takaful contribution

Depending on the financing amount, customer’s age, and tenure

RHB Personal Financing-i for Private Sector

Stamp duty fee

RM10 per document
Brokerage fee

RM30 per application
Takaful contribution (optional)

Depending on the financing amount, customer’s age, and tenure

RHB Personal Financing-i for Pensioner

Stamp duty fee

RM10 per document
Brokerage fee

RM30 per application
Takaful contribution (optional)

Depending on the financing amount, customer’s age, and tenure

Who should I contact for further information about RHB personal loans?

For more information or assistance with RHB personal loans,

Visit any RHB Bank/ RHB Islamic Bank branch
Log onto their official website

What are the common terms of personal loan?

Per Annum (p.a.)

The interest rate over one year with the assumption that interest is compounded annually.
Tenure

The period you must repay your loan.
Principal

Principal is commonly known as the loan amount you requested from the bank.
Interest rate

Principal is commonly known as the loan amount you requested from the bank.
Instalment

Instalment is the fixed amount you must repay your personal loan every month until the term expires.
Penalty

A fee that a bank will levy on your overdue amount if you are late with your repayment.
Default

The term used to describe a situation in which a personal loan is not paid off for more than three months.