RHB Islamic Personal Financing-i

Pay	Profit Rate	Max. Financing Amount	Total payment
RM 893 / mth	7.19% p.a.	RM 150,000	RM 10,719

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No Title

December 12, 2024

Lah, I thought RHB Islamic Personal Financing-i would give me better terms. The loan amount was okay, and the process was easy enough to apply. The monthly payment is manageable lah, not too heavy for me. But the 7.19% profit rate, I find it a bit tinggi la. When you calculate the total repayment, it’s more than I expected. It’s not a bad loan, but it’s not the best deal I’ve seen. Can try other banks if you want better rates. Not bad, but can be better. 💸

Muhammad Idris

No Title

December 12, 2024

I applied for RHB Islamic Personal Financing-i, and the process was relatively smooth. I qualified for the maximum financing amount of RM 150,000, which is great. The monthly repayment of RM 893 is manageable, but the total payment of RM 10,719 feels a bit high. The profit rate of 7.19% is reasonable, but there are other options with slightly better rates. Overall, it’s a decent loan, but the total payment amount could have been a little lower. I think it’s a good option if you need financing quickly but would prefer a better deal. 🧐

Zainal Abidin

RHB Islamic Personal Financing-i

Key Loan Details:

Borrow Amount	Financing Period	Profit Rate
RM2,000 – RM150,000	Up to 7 years	From 7.19% p.a.

Key Highlights:

Profit Rate: From 7.19% p.a. up to 13.83% p.a..
Max. Financing Amount: RM150,000.
Approval Duration: Approval within 10 minutes.
Unsecured Islamic Financing: No collateral required.
Debt Consolidation: Available as an option.
Flexible Financial Management: Offering flexible repayment options.

Key Features:

Min. Financing Amount: RM2,000.
Max. Financing Amount: RM150,000.
Max. Financing Tenure: Up to 7 years.
Debt Consolidation: Yes, the facility allows debt consolidation.
Fast Approval: Approval process within 10 minutes.

Fees & Charges:

Processing Fee: Free.
Stamp Duty: RM10 per document as per the Stamp Duty Act 1949 (Revised 1989).
Late Payment Charge: 1% on the outstanding financing amount.
Brokerage Fee: RM30 per application.
Collection Fee: 2.0% of the monthly payment.

Eligibility:

Employment: Salaried, self-employed, or commission earners.
Age Requirement: 21 to 55 years old.
Min. Monthly Salary: RM3,000.

Required Documents:

NRIC: Copy of IC (front and back).
Salary Slip: Up to the last 3 months’ salary slips.
EPF Statement: Latest 12 months of EPF statements.
Employee Confirmation Letter: From your employer on official letterhead.

Loan Calculator Example:

For an applicant who wants to borrow RM2,000 for 1 year with a monthly salary of RM3,000:

Monthly Payment: RM179.
Profit Rate: 7.19% p.a..
Total Profit Payable: RM144.
Total Payment: RM2,144.

Additional Information:

Fast Approval: Instant approval in 10 minutes.
Debt Consolidation: Can be used to consolidate other debts into a single loan.
Flexible Financial Management: The bank offers options to tailor the repayment process based on your financial needs.

This summary provides a concise overview of the RHB Islamic Personal Financing-i, highlighting the key features, eligibility, and fees to help you make an informed decision.