alrajhi bank Malaysia Personal Financing-i
Flexible Shariah-compliant financing with alrajhi bank Malaysia Personal Financing-i
Calculate your monthly repayment
Fees and Charges
Eligibility
- MNC/PLC/GLC Employees and Non-MNC/PLC/GLC Employees & applicants with bad payment/CTOS Record are not eligble to apply
- NRIC copy (front and back)
- Latest salary slips (3 months)
- Latest bank statement (3 months)
- Latest EPF statement
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 10,000 - RM 250,000 | 12 - 96 months | RM 36,000 to RM 180,000 | 5.77% p.a. |
| RM 10,000 - RM 250,000 | 12 - 96 months | RM 36,000 to RM 180,000 | 14.83% p.a. |
| RM 10,000 - RM 250,000 | 12 - 96 months | RM 180,000 to RM 359,988 | 5.61% p.a. |
| RM 10,000 - RM 250,000 | 12 - 96 months | RM 180,000 to RM 359,988 | 13.83% p.a. |
| RM 10,000 - RM 250,000 | 12 - 96 months | min. RM 360,000 | 5.27% p.a. |
| RM 10,000 - RM 250,000 | 12 - 96 months | min. RM 360,000 | 12.70% p.a. |
Features
No collateral or guarantor required
Fixed profit rates as low as 5.27% p.a.
Can borrow up to 9x of your monthly gross salary
Debt consolidation plan is available
Compulsory opening of an alrajhi bank Malaysia Savings Account or Current Account
Terms and Conditions
Product Review by CompareHero
What can be obtained from alrajhi bank Malaysia Personal Financing-i?
alrajhi bank Malaysia offers a Personal Financing-i amount between RM10,000 to RM250,000, or up to nine times the applicant's monthly income, to all salaried and permanent employees.
This unsecured Islamic personal loan can be used for personal consumption, home improvement, holiday expenses, medical costs, education, investment, small business financing, and debt consolidation.
Effective 1 August 2024, the alrajhi bank Malaysia Personal Financing-i profit rates are as follows:
| Employee Category | Profit Rate |
| MNC/PLC/GLC employee | 5.42% p.a. to 12.67% p.a. |
| Non-MNC/PLC/GLC employee | 6.60% p.a. to 14.19% p.a. |
A stronger credit rating or financial background results in a lower alrajhi bank Malaysia Personal Financing-i profit rate.
Can credit card and personal loan debts be consolidated with alrajhi bank Malaysia Personal Financing-i?
alrajhi bank Malaysia Personal Financing-i allows for debt consolidation under its Balance Transfer programme, with lower monthly instalments and fixed profit rates.
How fast is alrajhi bank Malaysia Personal Financing-i disbursement?
The alrajhi bank Malaysia Personal Financing-i application is processed within 24 hours, after which funds are made accessible via the applicant's account with alrajhi bank Malaysia.
Applicants for alrajhi bank Malaysia Personal Financing-i are required to open either a Current Account or a Savings Account with alrajhi bank Malaysia.
What are the fees for alrajhi bank Malaysia Personal Financing-i?
| Fee Type | Amount |
| 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 the alrajhi bank Malaysia Personal Financing-i monthly commitment?
Monthly instalments are due on the first of each month, and payment must be completed on or before the due date.
Honouring the financing agreement avoids additional charges and legal action, which can affect credit rating and eligibility for future loans.
Who can apply for alrajhi bank Malaysia Personal Financing-i?
Malaysian individuals 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 status.
Supporting documents required for alrajhi bank Malaysia Personal Financing-i:
Salaried Employee:
- Copy of IC (both sides)
- Latest 3 months' payslips
- Latest 3 months' bank statement
- Latest EPF statement
Self-Employed:
- Copy of IC (both sides)
- Copy of Business Registration Form
- Copy of Forms 9, 24 and 49
- Latest 6 months' company bank statement
- Latest 2 years' Form B or Form EA with official tax receipt
Additional supporting documents may be requested by the bank for self-employed alrajhi bank Malaysia Personal Financing-i applicants.
Can a blacklisted applicant apply for alrajhi bank Malaysia Personal Financing-i?
There is no official "blacklist" in Malaysia. Credit information — including outstanding credit card, personal loan, home loan, or car loan debts is captured in CCRIS and CTOS, which are credit reporting systems rather than blacklisting systems.
Applicants with poor credit standing due to irregular payments are advised to make consistent, on-time payments going forward, as this improves the likelihood of future alrajhi bank Malaysia Personal Financing-i approval.
alrajhi bank Malaysia is more likely to approve an alrajhi bank Malaysia Personal Financing-i application from applicants who show responsible management of personal finances rather than accumulating additional debt.
How to apply for alrajhi bank Malaysia Personal Financing-i
To apply online for alrajhi bank Malaysia Personal Financing-i, the following steps apply:
- Click on the Apply Now button
- Get redirected to the WhatsApp chatbot
- Answer the questions asked by the chatbot to begin the alrajhi bank Malaysia Personal Financing-i application
- Submit the completed answers to alrajhi bank Malaysia for processing
- alrajhi bank Malaysia contacts the applicant within 3 working days to proceed with the alrajhi bank Malaysia Personal Financing-i application