Cash woes? A personal loan to the rescue!

    RHB Pensioner Personal Financing-i

    RHB Pensioner Personal Financing-i is a personal loan offered by the RHB Islamic Bank Berhad exclusively for the pensioners in Malaysia. Whether you want to travel or start a small business as a pensioner, the RHB Pensioner Personal Financing-i loan will help you to achieve your specific goal.

    Profit Rates

    Loan Amount Loan Tenure Pension Payment Profit Rate
    Up to RM100,000 Up to 10 years RM750 gross pension payment 5.25% p.a. (flat rate basis)


    Interest Rate 5.25% p.a. (flat rate basis)
    Effective Rate NA
    Minimum Loan Amount RM5,000
    Maximum Loan Amount Up to RM100,000
    Loan Tenure From 3 years to 10 years or until the age of 70 years old (whichever is earlier)
    Islamic/Conventional Islamic
    Debt Consolidation NA
    Takaful Coverage Compulsory
    Approval Duration Fast approval
    Government Servant? Government pensioners


    • You will receive a flat 5.25% p.a. profit rate based on your loan amount and loan tenure.
    • You will get to choose from a flexible tenure period ranging from 3 years up to 10 years.
    • You are not required to present any guarantor or collateral to apply for this loan.
    • You can choose a loan amount starting from a minimum of RM5,000 up to a maximum of RM100,000.
    • You can apply for this loan if you are government pensioner.
    • You can get a rebate (Ibra’) from RHB Bank if you settle your personal loan fully before its maturity date.
    • You need not pay the monthly instalment amount directly to the bank as the monthly amount will be deducted by the bank from your pension.

    Fees and Charges

    Stamp Duty Charges RM10 for each document As per the Stamp Duty Act 1949 (as per the government’s discretion)
    Processing Fee NA
    Brokerage Fee RM30 for each application
    Wakalah (agency fee) NA


    Early Settlement Charges No early settlement charges The bank may grant rebate (Ibra)
    Late Payment Charges NA

    Eligibility Criteria

    Age Requirement Minimum 40 years old
    Employment Government pensioner
    Minimum Income Requirement RM750 (as gross pension payment)
    Guarantor/Collateral Requirement Not required
    Should I have a linked bank account? RHBIB Savings Account

    What documents do I need to prepare for this?

    Documents Required Original Duplicate
    A copy of MyKad (both front and back) No 2
    Copy of Kad Pesara Kerajaan Malaysia (Malaysian Government Pension Card) or Kad Pesara Tentera (Military Retirement Card) No 2
    Penyata Pencen (JPA) (Pension Statement) or Lejar Pesara (JHEV) (Pensioner) No 1
    A copy of RHBIB Savings Account Passbook or a statement (compulsory for new customer) No 2
    Redemption Statement of other banks or FIs (if applicable) 1 No

    How to Apply for this Loan?

    You need to download the application form for RHB Pensioner Personal Financing-i loan which is available on the RHB website. Fill out the application form completely with required and relevant information. Carry the completed form along with the required documents, and visit the nearest branch of RHB Islamic Bank to apply for this personal loan.


    Q. Is a Takaful coverage mandatory to take up this personal loan? If yes, how do I apply for this coverage?

    A. Yes. A Takaful coverage is compulsory to apply for this loan. This coverage is quite beneficial for your family or next of kin. In unfortunate circumstances of either death or permanent disability, this Takaful coverage will pay off any outstanding loan amount with the bank. This will lighten the burden that will fall on your family or any survivors.

    Q. Can I pay more than the monthly instalment amount? If yes, how much can I pay more?

    A. Yes. You can pay more than your required monthly instalment amount. The extra amount will be considered as an advance payment on your personal loan amount. The amount you want to pay as an advance payment should be decided by you based on your personal circumstances and preference as there is no specific amount mentioned by the bank.

    Q. Can I settle the pensioner loan fully before maturity? If yes, is there any early termination fee or a lock-in period?

    A. Yes. You can settle your loan fully early before the maturity date. There is no lock in period enforced by the bank though you need to keep in mind that the bank does not allow any partial payment. There is no early termination fee or exit fee if you choose to settle your loan fully before the tenure period ends. You need to provide a written notice of the intended date of loan settlement to the bank at least one month in advance.

    Q. Do I need to inform the bank of any changes in my circumstances?

    A. Yes. It is compulsory to inform the bank of any changes in your circumstances. This is to make sure that you receive any notice or correspondence from the bank on time. It is also mandatory to inform the bank if you are no longer entitled to pension for any reasons whatsoever. If such a situation happens, then you need to pay the monthly instalment amount directly to the bank.

    Q. Whom should I contact in case of any queries or complaints regarding this personal loan?

    A. For any queries or complaints, you can contact the RHB Islamic Bank Berhad. The contact details are given below:

    RHB Islamic Bank Berhad

    Level 11, Menara Yayasan Tun Razak,

    200, Jalan Bukit Bintang,

    55100 Kuala Lumpur

    Tel No: 03-9206 8818/082 276 118

    Email ID:

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