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.
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)|
|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.|
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: [email protected]