RHB Personal Loan

RHB Bank Berhad is the fourth largest fully integrated financial services group in Malaysia. Read more Show less

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Compare Personal Loans by RHB Malaysia

About the loan

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Features

ongoing
 promotion
-
Interest rates
7.05% p.a. - 13.83% p.a.
Minimum financing amount
RM 2,000
Maximum financing amount
RM 150,000
Minimum financing tenure
12 months
(1 year)
Maximum financing tenure
84 months
(7 years)

Benefits

  • Profit rate as low as 7.05% p.a. equivalent to 13.83% p.a.
  • Borrowing amounts of up to RM 150,000
  • Express loan within 24 hours and disbursement
  • Repayment as low as RM 57.54 per month
  • Enjoy up to 7 years of tenure
  • Repay via self-payment or auto-debit instructions

Eligibility

  • Private sector employees only
  • 21 to 60 years old
  • Minimum annual income - RM 18,000 (or RM 1,500 per month)

Fees & Charges

  • Late payment compensation - 1% p.a. on the overdue amount or outstanding balance
  • Early exit fee - RM100 or 1 % of the remaining amount whichever is higher, during the 6 months lock-in period
  • Stamp duty - 0.5% as per Stamp Duty Act 1949 (revised 1989), deducted from total loan approved prior to disbursement
CategoryFinancing Amount
Capping (RM)
Profit Rate
from p.a.

Maximum
Financing Tenure
MinimumMaximum
Tier 1
2,000
15,000
12.25%
7 years (84 months)
Tier 2
16,000
50,000
10.49%
7 years (84 months)
Tier 3
51,000
99,000
8.76%
7 years (84 months)
Tier 4
100,000
150,000
7.05%
7 years (84 months)

* Effective interest rate (EIR) may be higher if the monthly repayment is not regular

* The rates stated above are based on a flat rate and vary according to the repayment period from 12 months onwards

  • Tier 1:  12.25% p.a. flat equivalent to EIR 25% p.a.
  • Tier 2: 10.49% p.a. flat equivalent to EIR 22% p.a.
  • Tier 3: 8.76% p.a. flat equivalent to EIR 19% p.a.
  • Tier 4: 7.05% p.a. flat equivalent to EIR 16% p.a.

Reference

[last updated: 03 March 2023]

Features

ongoing
 promotion
-
Interest rates
6.91% p.a. - 13.83% p.a.
Minimum financing amount
RM 2,000
Maximum financing amount
RM 150,000
Minimum financing tenure
12 months
(1 year)
Maximum financing tenure
84 months
(7 years)

Benefits

  • Syariah-compliant
  • Exclusively for Private Sector
  • Promotion rates as low as 6.91% p.a. flat
  • Financing amount up to RM 150,000
  • Repayment tenure up to 7 years
  • No guarantor required
  • Salary transfer and Auto debit instructions
  • A flexible payment period

Eligibility

  • Malaysian citizen
  • Private Sector Employees
  • Minimum age of 21 years old
  • Minimum monthly income - RM 3,000

Fees & Charges

  • Stamp duty - RM 10 per document as per Stamp Duty Act 1949 (revised 1989)
  • Brokerage fee - RM 30 per application
  • Takaful contribution - varies accordingly to financing amount, age and payment period
  • Late payment compensation - 1% per annum of the overdue payment
  • No lock-in period imposed
  • Exit fee charges - none
CategoryFinancing Amount
Capping (RM)
Profit Rate
from p.a.

Maximum
Financing Tenure
MinimumMaximum
Tier 1
2,000
15,000
12.25%
7 years (84 months)
Tier 2
16,000
50,000
10.49%
7 years (84 months)
Tier 3
51,000
99,000
8.76%
7 years (84 months)
Tier 4
100,000
150,000
7.05%
7 years (84 months)

* Effective interest rate (EIR) may be higher if the monthly repayment is not regular

* The rates stated above are based on a flat rate and vary according to the repayment period from 12 months onwards

  • Tier 1:  12.25% p.a. flat equivalent to EIR 25% p.a.
  • Tier 2: 10.49% p.a. flat equivalent to EIR 22% p.a.
  • Tier 3: 8.76% p.a. flat equivalent to EIR 19% p.a.
  • Tier 4: 7.05% p.a. flat equivalent to EIR 16% p.a.

Reference

RHB’s ASB/ASB2 Financing is a loan that lets you take out a loan to purchase ASB units for your future wealth.

Benefits & Features

  • High margin of financing
  • Flexible financing tenure
  • Consistent dividend returns
  • Affordable repayment schemes
  • Insurance coverage (optional)

Financing Amount & Interest Rates

Financing Amount:

  • Minimum RM20,000 up to RM200,000 or the maximum investment limit determined by ASNB/PNB

Interest Rates:

  • First 4 years: Base Rate + 1.55%
  • Subsequent years: Base Rate + 1.15%

Financing Tenure:

  • Minimum tenure: 5 years
  • Up to 30 years or up to the age of 65

Fees and Charges

  • Endorsement Fee: RM50
  • Overdraft against ASB/ASW 22020: RM100 per certificate
  • Offer Letter: RM10
  • Commitment Fee: 1% p.a. on unutilized portion of overdraft facility for amounts above RM250,000
  • Exit Fee: When full repayment of the outstanding financing is made within first 2 years from date of loan disbursement

RHB Bank is a Malaysian bank and is one of the largest integrated financial services group in Malaysia. It was founded in 1997 as a result of a merger between DCB Bank and Kwong Yik Bank. They offer a variety of products through its many subsidiaries such as RHB Bank Berhad, RHB Investment Bank Berhad, and RHB Islamic International Asset Management Berhad.

They were the first local banking and finance group in Malaysia to establish an Islamic banking subsidiary: RHB Islamic Bank Berhad. They also acquired OSK Investment Bank Berhad in November 2012, making them the largest investment bank in the country (by assets). They provide financial services to Malaysia, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Indonesia, and Hong Kong.

RHB Personal Loans are available in several different plans that offer you a variety of options and choices for your financing needs. Be it you are looking to fund your wedding, buy a car, renovate your house, or even to go on a holiday, their competitive rates and excellent services can provide.

You must be a Malaysian and must be employed for at least 6 months, as you will need to provide your latest 6-month EPF statement. If you are self-employed, you will also need to have the latest 6-month bank statement of your business.

No, you will not require a guarantor or collaterals for RHB personal loans.

Yes, you can. However, it must be done after the lock-in period (depending on which personal loan you apply for). There will be an early settlement fee.

Yes, there is. It will be calculated with a flat interest rate and charged based on the amount approved. It is calculated as such:


[n(n+1)/t(t+1)] x P

n: Number of monthly instalments remaining

t: Financing tenure in months

P: Total interest payable over entire tenure


Total settlement after rebate calculation = (Total repayments – rebate) + [early exit fee+late payment charges (if any)]


References

RHB Personal Loan Terms and Conditions

RHB Personal Loan Product Disclosure Sheet