RHB Personal Financing-i Civil Sector loan allows you to meet a multitude of expenses. The Personal loan works on the principal of Tawarruq and is offered with competitive fixed rates and flexible tenures allowing for easier repayment.
|Loan Amount||Loan Tenure||Min. Income||Profit Rate|
|Up to RM200,000||Up to 10 years||RM2,000 (including fixed allowance)||4.50% p.a. (promotional rate on flat rate basis)|
|Interest Rate||As low as 4.50% p.a. (promotional rate on flat rate basis)|
|Effective Profit Rate||7.91% to 8.41% p.a.|
|Minimum Loan Amount||RM2,000|
|Maximum Loan Amount||Up to RM200,000|
|Loan Tenure||From 2 to 10 years|
|Approval Duration||Fast approval|
|Government Servant?||Offered to federal and state government servants, selected GLCs, and self-accounting agencies|
|Stamp Duty Charges||RM10 for each document As per the Stamp Duty Act 1949 (subject to the government’s discretion)|
|Brokerage Fee||RM30 for every application|
|Collection Fee||2% of monthly payment|
|Early Settlement Charges||
|Late Payment Charges||NA|
|Age Requirement||Minimum age: 18 years
Maximum age: 58 years (at the end of the financing tenure)
|Employment||Granted to federal and state government servants, selected GLCs, and self-accounting agencies|
|Minimum Income Requirement||RM2,000 (including fixed allowance)|
|Guarantor/Collateral Requirement||Not required|
|Should I have a linked bank account?||RHB or RHBIB Account or any other account|
|A copy of MyKad (both front and back)|
|Salary slips (for up to 3 months)|
|Employment confirmation Letter (with a letterhead of the employer)|
|A copy of RHB or RHBIB account or any other bank account|
|Redemption Statement of other banks or FIs (if applicable)|
|Retirement option letter (if an applicant is 48 years old and above if the tenure is exceeding the mandatory retirement age)|
|Transfer letter (for an applicant who will be transferred in less than 6 months from the time of application)|
|T228 (applicable only for Sarawak region)|
Q. I am a permanent employee for a private organisation. What is the maximum amount that I can borrow using this loan?
A. The minimum amount that you can apply for is RM2,000 and the maximum amount that you can get is RM100,000. The maximum amount that you can borrow from the bank is 8x your monthly income or RM100,000 whichever is lesser.
Q. Do I need a guarantor for this personal loan?
A. No, you won’t require a guarantor to be eligible for this personal loan. This is an Islamic banking product.
Q. Can I settle the amount before it matures? What charges do I have to bear in such cases?
A. The bank will not charge an early settlement fee if you choose to settle early. You will have to provide the bank with one month written notice in-case you choose to settle early.
Q. Is Takaful coverage compulsory for this personal loan?
A. No you do not need compulsory Takaful coverage with this personal loan. You are however advised to get the necessary Takaful protection.
Q. I will be retiring in three years. Can I apply for a ten year duration personal loan? A. No. You will not be eligible to take out a 10-year loan if you will be retiring in three years. Your age cannot exceed 58 years by the end of the loan tenure.