RHB Personal Financing (Medical)
Key Loan Details:
| Borrow Amount |
Financing Period |
Interest Rate |
| RM2,000 – RM150,000 |
Up to 7 years |
From 7.19% p.a. |
Key Highlights:
- Interest Rate: From 7.19% p.a. to 13.83% p.a..
- Max. Loan Amount: Up to RM150,000.
- Approval Duration: Within 24 hours.
- On-the-spot Disbursement: Financing disbursed immediately upon approval.
- Campaign Offer: 3% lower effective interest rate if customers sign up for Personal Smart Shield (PSS).
- Financing Purpose: Exclusively for medical expenses such as non-elective surgeries, IVF, cosmetic procedures, and more.
Key Features:
- Min. Loan Amount: RM2,000.
- Max. Loan Amount: RM150,000.
- Max. Financing Tenure: Up to 7 years.
- On-the-Spot Disbursement: Quick financing with immediate disbursement after approval.
- Special Interest Rates: Eligible customers with Personal Smart Shield (PSS) enjoy 3% lower interest.
- Medical Expenses Financing: For both elective and non-elective surgeries, IVF, cosmetic surgery, dental, optical, and other related medical treatments.
Fees & Charges:
- Processing Fee: Free.
- Stamp Duty: 0.5% on the approved loan amount.
- Late Payment Charges: 1% p.a. on overdue payments.
- Insurance Coverage: The cost depends on loan tenure, amount, and customer profile (age/gender).
- Stamp Duty and Insurance Contributions: Deductions from the total loan amount if applicable.
Eligibility:
- Employment Eligibility: Salaried employees, self-employed individuals, or commission earners.
- Age Requirement: Between 21 to 55 years old.
- Min. Monthly Salary: RM1,500.
Required Documents:
- NRIC: Copy of IC (front and back).
- Salary Slip: 1-month payslip (for salaried employees) or 6 months of commission earnings.
- EPF Statement: Latest 12 months of EPF statement.
- Medical Documents: Medical referral letter, booking forms, quotations, medical bills, receipts, invoices, and medical reports for verification.
Loan Calculator Example:
For an applicant borrowing RM2,000 for 1 year with a monthly salary of RM1,500:
- Monthly Payment: RM179.
- Interest Rate: 7.19% p.a..
- Total Interest Payable: RM144.
- Total Payment: RM2,144.
Additional Information:
- Fast and Convenient: Same-day approval within 24 hours and immediate loan disbursement upon approval.
- Special Coverage: Customers signing up for Personal Smart Shield (PSS) can enjoy a 3% reduction in the interest rate.
- Medical Financing Flexibility: Loans can cover a wide range of medical expenses, from surgeries to post-hospital care and prescribed medications.
This summary provides a comprehensive look at RHB Personal Financing (Medical), focusing on its benefits, eligibility criteria, and related costs, helping you understand how the product could meet your medical financing needs.
