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||Profit rate|
|Any amount||4.20% to 4.50% p.a.|
|Fee type||Fee details|
|Handling and disbursement fee||No charge is applicable|
|Stamp Duty||It will be calculated as per the Stamp Duty Act 1949.|
|Early settlement fee||No charge|
|Advance Payment||There is no advance payment necessary|
The following are the eligibility requirements for this loan:
The following documents are necessary to apply for the loan
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.