Digital bank Rize is currently running its Personal Financing-i 2024 campaign, where customers can apply for financing of up to RM250,000, with fixed profit rates starting from 3.79% p.a. to 5.80% p.a.. Already ongoing, the promo is scheduled to run until 15 May 2024.

According to Rize – which is powered by Al Rajhi Bank Malaysia – this promo will offer one of the lowest profit rates in the market, and customers can opt for a repayment tenure of between one to seven years. Additionally, the entire application process can be completed fully online, via the Rize app, with no need for collateral and guarantors.

To be entitled to this promotional rate, Rize said that the customer must first have an active Rize Commodity Murabahah Savings Account-i (CMSA-i). You are also required to accept Rize’s offer within seven calendar days once your application is approved, so if you were to submit your application today (18 May) and receive the approval by tomorrow (19 May), you will need to accept the offer on your app by 24 May 2024.

“Rize’s campaign encourages consumers to transfer their personal financing or credit card balances (multiple accounts allowed, subject to the bank’s approval) to access Rize’s attractive financing offering. Along with a competitive profit rate, customers also enjoy quick and convenient processing time on their financing applications, which is executed via the Rize app on their smartphones,” the bank shared in their statement.

On top of this campaign, Rize also has another ongoing Electrify Your Dreams campaign, where you stand a chance to win BYD Dolphin cars, as well as monthly cash prizes of up to RM200. This separate campaign – which has been running since September 2023 – is set to continue until 30 November 2024.

(Sources: Rize, The Edge Markets)

• TAGS:
• Al Rajhi Bank
• Al Rajhi Bank Malaysia
• Al Rajhi Personal Financing-i
• Personal Financing
• Personal Loans
• Promotional Campaigns
• Rize