Get approval within 24 hours
RHB Personal Financing Product Features |
||||
|---|---|---|---|---|
| Approval Duration | Min. Loan Amount | Max. Loan Amount | ||
Within 24 hours |
RM 2,000 |
RM 150,000 |
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Other Product Features |
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|---|---|---|---|---|
Interest Rate |
Min. Loan Tenure |
Max. Loan Tenure |
Debt Consolidation |
|
| Fixed rate of 8.59% – 13.76% per annum | 1 year | 7 years | Yes | |
About RHB Personal Financing
The RHB Group is committed to a high level of innovation and forward-thinking making it a local favourite among the people of Malaysia and a preferred financial service provider across Asia.
RHB, in Malaysia, caters to a wide variety of customers through banking and financial services like asset management, premier banking, investment banking, loans, credit cards and Islamic banking.
How much money can I borrow from RHB Personal Financing?
Previously known as RHB Easy-Pinjaman Ekspres, this RHB personal loan is an express loan where you can get approved immediately for borrowing between RM2,000 and RM150,000.
You can even choose loan repayment terms for up to 7 years.
How much does this personal financing cost?
There are no processing fees and no hidden charges with RHB Personal Financing.
You will need to pay Government Stamp Duty on the amount you borrow, calculated at 0.5% of the total amount borrowed.
What do I need to bring to apply for this RHB loan?
First and foremost, this RHB Personal Financing is open to Malaysians working in the private sector only.
Once your loan is conditionally approved, all you need to bring to the bank branch is your IC.
With biometric verification, all your income data will be auto-filled electronically by RHB. No documents or forms to fill out!
However, you must prepare the following documents upon the bank’s request.
Salaried Employee:
- A copy of your IC (both sides)
And the following extra documents upon the bank’s request:
- Latest 3-months salary slips
- Latest 12-months EPF statement
- Letter of Employment (mandatory for employment below 6 months)
Self-Employed:
- A copy of your IC (both sides)
And the following extra documents upon the bank’s request:
- Business Registration Certificate (business must be at least 2 years old)
- Latest 6-months bank statement
- Latest Form B/BE with an official tax receipt
- A copy of Forms 9, 24 and 49
- Latest Notice of Assessment & latest tax payment receipt (for those working in Singapore)
How do I get my hands on the money?
Apply at your selected RHB branch and if you meet all the requirements, your loan will be approved on the spot, and the cash will be deposited into your savings or current account.
How do I pay the money back?
Your repayment schedule will be detailed in your application approval document.
In most cases, payments begin the month following the date you receive your RHB loan and continue every month until the loan has been completely repaid.
If you're late on your repayments, you will be charged 1% p.a. on the outstanding balance, calculated daily, resulting in a higher loan amount!
Can I pay my RHB Personal Financing off early?
You can settle your loan whenever you want.
If you’d like to repay in full before the full loan term is up, you will need to pay an early termination fee of RM100 or 1% of your total loan approved amount (whichever is higher).
Do note that there is a lock-in period of 6 months from the date of your offer letter.
Is there anything else I should know about this personal loan?
Please note that this is a reducing balance type of loan.
Your RHB Personal Financing instalments are fixed each month but the amount of interest you pay gets less and less with each passing month.
How do I clear my name if I have been ‘blacklisted’ by CCRIS?
Your entire credit history is recorded in CCRIS and to improve your credit rating with the bank, you would want to settle all outstanding payments and loans.
Make sure that you settle all your monthly payments regularly thereafter.
If you need help managing your debt and getting back on track, get in touch with AKPK. Their experienced counsellors can point you in the right direction with their Financial Counselling and Debt Management program.
Do I need to sign up for insurance for this RHB loan?
Personal Smart Shield (PSS) and Easy-Insurans Kasih Income Aid (EIKIA) are optional insurance policies that you can sign up for when you apply for personal financing from RHB.
How do I apply for RHB Personal Financing?
It’s easy to apply and you can do so online with our chatbot on WhatsApp. The steps are:
Step 1:
- Click on the Apply Now button
- You will then be directed to our WhatsApp chatbot
- Start your application by answering the questions asked by our chatbot to check your eligibility
- Your answers will be submitted to RHB Bank to be processed as an application
Step 2:
- Within 24 hours, RHB Bank will send you an SMS to notify your loan application status
Step 3:
- Once you have received the SMS approval, visit the RHB branch that you have selected in the chatbot within 7 working days and remember to bring your IC
