RHB Vehicle Financing-i

More comfortable with an Islamic car loan? With competitive rates, fast approval and personalised service, this might be your solution!

RHB Vehicle Financing-iVariable rate financing
up to 9 years
Loan Type
Flexi Islamic loan
Profit Type
Margin of finance
Up to 90%
Excess Repayment
Not applicable
Early Settlement Rebate

Profit rates

How much the bank charges you based on your loan amount & loan period

ConditionMaximum YearsMargin of FinanceInterest rate
New9 years90%3.18% p.a.

Fees & Charges

Profit Rate for New Cars
from 2.8% p.a. to 3.18% p.a., depending on car brand, borrowing amount, and period
Stamp Duty
Photocopy Charges
Early Settlement Fee
 Subject to terms of agreement with the bank
Late Penalty Fee
1%  p.a. in arrears (Ta'widh)


Minimum Annual Income
Minimum Age
  • 18 to 55 years old
Who can apply
  • Malaysians

More Information

Who can apply for the RHB Vehicle Financing-i?

Anyone can apply for this car loan, you just need to be 18 years of age or older. If you're under 21 years of age and do not have a credit history you may be asked to provide a guarantor.

Is this an Islamic car loan, how does it work?

The RHB Vehicle Financing-i is a product that adopts the Al Ijarah Thumma Ai-Bai concept. This allows customers to hire cars from the bank and subsequently, upon settlement of the last instalment, to purchase and take ownership of the car. It's essentially a lease-to-buy arrangement.

If you are looking to finance a used car, you may be out of luck, as RHB does not allow for used cars for this loan at the moment.

Will I pay a penalty for not being on time with my payments?

Yes, most banks will penalise you for paying late. 

In this case, you will pay 1% interest per annum on the outstanding instalment, which is the maximum allowed amount for an Islamic car loan. 

Repossession is very likely if you default on your car loan for more than two consecutive months.

What documents do I need to apply for this car loan?

Salaried applicants:

  •  Photocopy of identity card
  •  Photocopy of driving license
  •  Latest ONE(1) month salary slip; or
  •  Latest ONE(1) month credit bank statement; or
  •  Latest EPF statement

Government-employed applicant:

  • Photocopy of identity card  
  • Photocopy of driving license
  • Latest one (1) month salary slip or
  • Latest one (1) month crediting bank statement

Self-employed applicant:

  • Business Registration Form A/B (for Sole Proprietor/Partnership); or Current and valid professional practice certificate: or
  • Borang 24 and Borang 49 (for Sdn Bhd); or Trading License (for East Malaysia)
  • Latest six (6) months' Personal or Company bank statement; or 
  • Latest Borang B/BE

Commission earner applicant:

  • Latest six (6) months salary slip; and
  • Latest six (6) months crediting bank statements; or
  • Latest Borang BE (validated payment receipt of payment to LHDN)
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