RHB Islamic Bank Pensioner Personal Financing-i

Pay	Profit Rate	Max. Financing Amount	Total payment
RM 877 / mth	5.25% p.a.	RM 100,000	RM 10,525

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No Title

December 12, 2024

I retired last year and decided to apply for a personal loan through RHB Islamic Bank’s Pensioner Personal Financing-i. The loan approval process was smooth, and I was happy with the amount I was approved for. The monthly repayments fit well into my pension, so no issues there. However, I had some issues getting the paperwork sorted in the beginning, but the staff were very helpful once I reached out to them. A little faster response from customer service would make the experience even better, but overall, it was a good choice. 😊

Ramesh Kumar

No Title

December 12, 2024

As a retiree, I was looking for a personal financing plan with low interest and manageable payments. RHB Islamic Bank’s Pensioner Personal Financing-i met my expectations. The application process was simple, and I was approved quickly. The loan terms are very reasonable, and the repayment amount is very suitable for my pension income. The only reason I’m not giving 5 stars is because the processing time was a bit slower than expected, but in the end, I’m happy with the loan. I would recommend it to other pensioners. 👍

Mohd Ali

RHB Pensioner Personal Financing-i

Interest Rate & Loan Details:

Borrow Amount	Financing Period	Profit Rate
RM5,000 – RM150,000	36 to 120 months (3 to 10 years)	From 7.05% p.a.

Key Highlights:

Profit Rate: Starting at 7.05% p.a., depending on the financing amount and period.
Max. Financing Amount: RM150,000.
Tenure: Up to 10 years.
Unsecured Islamic Financing: No collateral required.
Takaful Insurance: Mandatory coverage required for this financing.

Key Features:

Min. Income: RM750/month (for pensioners).
Min. Age: 40 to 70 years old.
Eligibility: Open to Malaysian citizens, government pensioners, and army pensioners.
Processing Fee: RM30 (for brokerage fee).
Late Payment Penalty: 1% on outstanding balance.
Early Termination Fee: None (early settlement is allowed with a 1-month notice).

Fees & Charges:

Profit Rate / APR: Starting at 7.05% p.a., depending on the financing amount and period.
Processing Fee: RM30 (Brokerage fee).
Stamp Duty: RM10.
Late Payment Charge: 1% of the outstanding amount.
Insurance: Takaful insurance is required.

Eligibility:

Age Requirement: 40 to 70 years old.
Min. Annual Income: RM9,000.
Citizenship: Malaysian citizens only.
Employment: Government or army pensioners only.

Required Documents:

NRIC: Copy of IC (front and back).
Pension Documentation: Latest pension letter or pension statement.
Bank Statement: Recent 3 months’ bank statement showing pension credits.

How Fast Can I Get the Loan?

Approval Duration: Typically 1-2 weeks.

How to Apply:

Complete the RHB Pensioner Personal Financing-i application form.
Submit required documents, including pension statement and bank statements.
Wait for loan approval, typically within 1-2 weeks.

Additional Information:

Early Settlement: No penalty for early settlement, but a 1-month notice is required.
Takaful: Takaful coverage is mandatory, and can be arranged through RHB Islamic Bank’s panel or an external provider.
Credit History: Applicants with a poor credit history may still be considered if they can demonstrate improvements in managing personal finances.

This structured summary captures all key aspects of RHB Pensioner Personal Financing-i, making it easy for potential applicants to understand the terms and conditions.