Affordable RepaymentIdeal personal financing for government employees for personal consumption, investing in appreciating assets, children's education, paying hospital bills, or any Halal transactions.
Why should I apply for RHB Personal Financing-i for Civil Sector?
Specially tailored for government employees, this personal loan is compliant with Shariah principles. If you earn below RM5,000, you'll get flat profit rates as low as 2.63% p.a. to 2.73% p.a., equivalent to an Annual Effective Rate of 5.00% p.a.
For those earning RM5,000 and above monthly, you'll enjoy flat profit rates from 2.77% p.a. to 2.88% p.a., with an Annual Effective Rate equivalent to 5.25% p.a.
Government pensioners can also apply for RHB Personal Financing-i for Civil Sector, provided you open and maintain a bank account with RHB Islamic Bank.
How much money can I borrow?
RHB Islamic Bank allows you to borrow up to RM300,000, with a minimum borrowing amount of RM2,000.
The repayment terms for this personal financing are flexible, ranging from 2 to 10 years.
Once your personal financing application is approved, you must pay a Brokerage Fee of RM30 and statutory Stamp Duty under the Stamp Duty Act 1949 (Revised 1989).
After RHB Islamic Bank reviews and approves your personal financing application, your money will be transferred to a Savings Account or Current Account of your choice.
What is my monthly instalment payment?
RHB Islamic Bank will provide you with a repayment table based on the approved borrowing amount and your selected financing tenure.
You must make your instalment payment on time every month.
If you pay your instalment after the due date, RHB Islamic Bank will charge you a late payment fee of 1% p.a. of the outstanding balance.
You are also required to set up a salary deduction payment via Biro Angkasa for this personal financing. This way, you won't miss a payment.
Can I choose to settle my Islamic personal loan early?
There is no penalty for early settlement, provided you inform RHB Islamic Bank with 1 month's notice before terminating your Islamic financing facility.
In fact, you will be granted Ibra’ (rebate) based on the profit calculation and any applicable early settlement charges. Please refer to the product disclosure sheet for more details.
Do I need Takaful coverage?
You can sign up for a Takaful plan with RHB Islamic Bank's panels or Takaful providers of your choice.
On the bright side, Takaful coverage is beneficial in the event you have lost the capability to meet your outstanding payments due to total permanent disability or death.
What documents are required to apply for this government financing?
To approve your personal financing application, RHB Islamic Bank requires you to fill out an application form and submit it together with supporting documents such as:
- Copy of your IC (front and back)
- Latest 1-month salary slip/commission statement
- Latest 1-month bank statement
- Latest 12-month EPF statement
- Latest Form B/BE with the official tax receipts by IRB
Am I qualified to apply for an RHB 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).
If you have poor credit standing due to irregular payments, the best course is to break the habit and start making payments on time to avoid future hurdles.
RHB Islamic Bank is more likely to approve your RHB Personal Financing-i for Civil Sector application if you can show you are managing your finances, rather than taking on more debt.
