Al Rajhi Personal Financing-i

Al Rajhi Personal Financing-i Campaign FAQs:

For a limited time, qualified applicants of Al Rajhi Personal Financing-i will receive a free sign-up gift of:

• RM500 Cash (For every 5th approved and disbursed qualified applicant from the bank's approval list)

This promotion runs from 2 July 2025 until 31 July 2025, subject to the campaign's terms and conditions.

Who is qualified for this promotion?

This campaign is open to new and existing Al Rajhi Bank customers. Non-individual or corporate customers, employees of the Bank, customers whose financing account with the Bank is not in good standing or has been suspended, are not eligible.

How to be eligible for the gift?

Apply with RinggitPlus, get your Al Rajhi Personal Financing-i approved during the Promotion Period, and successfully disbursed by or before 21 August 2025 to be eligible.

For more details, please check out the terms and conditions.

Where can I reach out for more information?

For any questions, please get in touch with us via email at [email protected]. We're happy to help!

What can I get from Al Rajhi Personal Financing-i?

Al Rajhi Bank offers a financing amount between RM10,000 to RM250,000 (or up to nine times your monthly income) to all salaried and permanent employees.

This unsecured Islamic personal loan can be used for personal consumption, home improvement, holidays, medical, education, investment, small business financing and debt consolidation.

The profit rate, on the other hand, you'll get to enjoy rates such as the following, effective 7th March 2025.

• For monthly income of RM5,000 to below RM15,000: From 5.77% p.a. to 14.83% p.a.
• For monthly income of RM15,000 to RM29,999: From 5.61% p.a. to 13.83% p.a.
• For monthly income of RM30,000 and above: From 5.27% p.a. to 12.70% p.a.

Bear in mind that the better your credit rating or background is, the better rates you'll be able to get.

Can I consolidate my credit card and personal loan debts with Al Rajhi Personal Financing-i?

Yes, you can. Al Rajhi Personal Financing-i allows for debt consolidation under its Balance Transfer programme at lower monthly instalments and fixed profit rates. 

How fast can I get my money?

The financing application is usually processed within 24 hours, after which you will get to access your money via your account with Al Rajhi Bank.

Once you have applied for an Al Rajhi personal loan, you will be required to open either a Current Account or a Savings Account with Al Rajhi Bank. 

What are the fees for this Islamic personal loan?

The list of fees you will need to bear includes:

• Brokerage fee: 0.0008% of the financing principal amount
• Redemption statement fee: RM10 per request
• ARNT fee (agency fee): RM1 per transaction
• Annual financing statement fee: RM5 per request
• Lawyer's fee for Personal Financing Balance Transfer: RM20 upon each approved Balance Transfer

What is my monthly commitment?

Your monthly instalment will be due every first of the month, which means the payment of this personal financing must be completed before or on the due date.

It is important for you as the borrower to honour the financing agreement you initially made to not only avoid paying more than you should but also to avoid getting legal action, which in turn can hurt your credit rating and affect your eligibility for other loans in the future.

Who can apply for this personal financing from Al Rajhi Bank?

Any Malaysian individual aged 25 years and above with a minimum monthly income of RM5,000* can apply for this unsecured personal financing. 

*Subject to a minimum annual income of RM60,000 and fixed income earner only

You will be asked to provide supporting documents such as:

Salaried Employee:

• A copy of your IC (both sides)
• Latest 3-months payslips
• Latest 3-months bank statement
• Latest EPF statement

Self-Employed:

• A copy of your IC (both sides)
• A copy of your Business Registration Form
• A copy of Forms 9, 24 and 49
• Latest 6-months company bank statement
• Latest 2 years of Form B or Form EA with an official tax receipt

*If you’re self-employed, the bank may request other supporting documents for your application

Am I qualified to apply for an Al Rajhi personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course would be to break the habit and start making your payments on time to avoid future hurdles.

Al Rajhi Bank is more likely to approve your loan application if you can show that you are managing your finances rather than accumulating more debt.

I’m interested in applying! Tell me about the steps

To apply online for Al Rajhi Personal Financing-i, kindly follow the simple steps below:

• Click on the Apply Now button
• You will then be directed to our WhatsApp chatbot
• Start your application by answering some questions asked by our chatbot
• Once you're finished, your answers will be submitted to Al Rajhi Bank to be processed as an application
• Within 3 working days, Al Rajhi Bank will contact you and help you with your loan application