Al Rajhi Personal Financing-i

A Shariah-compliant personal financing from Al Rajhi Bank that helps you meet financial goals and consolidate debts at lower profit rates and flexible tenures.

Al Rajhi Personal Financing-iFinance Up To RM250K
Profit Rate
From 6.37% p.a.
up to RM250k
up to 8 years
Loan Type
Unsecured Islamic Financing
Min. Income

Loan calculator

Profit rates

Based on your loan amount & loan period, the profit rates are as low as the following

Financing ValueFinancing periodYour IncomeProfit Rate
RM10,000 - RM250,00012 to 96 monthsmin. RM60,0006.37% p.a.
RM10,000 - RM250,00012 to 96 monthsmin. RM60,00018.62% p.a.

Fees & Charges

Profit Rate / APR
As low as 6.37% p.a.,depending on financing amount and period
Processing Fee
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
Late Penalty Fee


Minimum Annual Income
Minimum Age
  • 25 to 60 years old
Who can apply
  • Malaysians
  • Salaried employee
  • MNC/PLC/GLC employee
  • Non-MNC/PLC/GLC employee

More Information

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, holiday, 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 1 October 2023.

  • If you're an MNC/PLC/GLC employee: From 6.37% p.a. to 18.46% p.a.
  • If you're a non-MNC/PLC/GLC employee: From 6.48% p.a. to 18.62% 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 and charges of this Islamic personal loan?

Al Rajhi Bank does not charge a processing fee, late payment fee or early termination fees. 

A Stamp Duty of 0.50% will be charged on the total borrowed amount. 

As for the Balance Transfer, a Lawyer's fee of RM20 will be applied.

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 RM4,500* 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


  • 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 personal loan application if you can show that you are managing your personal 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 these 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
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