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.

    Features & Benefits

    • 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.

    Monthly Repayment Table

    You can easily know the monthly amount you need to pay before you apply for the loan. Based on the monthly instalment amount, you can either choose a different loan tenure or loan amount from what you planned originally. To help you understand better, a monthly payment table is explained below. Do take a look at it before you decide on the loan terms.

    Flat Rate 5.25% p.a.
    Total Loan Amount (RM) 3 Years (RM) 5 Years (RM) 7 Years (RM) 10 Years (RM)
    5,000 160.76 105.21 81.40 63.54
    10,000 321.53 210.42 162.80 127.08
    20,000 643.06 420.83 325.60 254.17
    50,000 1,607.64 1,052.08 813.99 648.13
    75,000 2,411.46 1,578.13 1,220.98 953.13
    100,000 3,215.28 2,104.17 1,627.98 1,270.83

    Fees and Charges

    Fee Details Amount
    Stamp Duty Fee RM10.00 (per document). Based on Stamp Duty Act 1949 (Revised in 1989)
    Brokerage Fee RM30.00 (per application).
    Takaful Contribution Fee Will differ as per your age, loan amount and loan tenure.
    GST Wherever applicable. Currently not applicable for brokerage fee, stamp duty and Takaful contribution.

    Eligibility Criteria

    Nationality Criteria:

    • Applicable for only Malaysian Government pensioners.

    Age Criteria:

    • Minimum Age: 40 years old.

    Income Criteria:

    • Minimum RM750 pension per month.

    What documents do I need to prepare for RHB Pensioner Personal Financing-i

    • 2 duplicate copies of MyKad (front and back)
    • 2 duplicate copies of “Kad Pesara Kerajaan Malaysia/Kad Pesara Tentera
    • 1 duplicate copy of Penyata Pencen (JPA)/Lejar Pesara (JHEV)
    • 2 duplicate copies of RHBIB Savings Account Statement/Passbook (mandatory for new customers)
    • 1 original copy of redemption statement of any other banks/fls (if applicable)

    How to Apply for RHB Pensioner Personal Financing-i 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.

    RHB Islamic Personal Loan for Pensioners FAQs

    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: customer.service@rhbgroup.com

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.