Profit Rates
How much the bank charges you based on your financing amount & tenure period
Your Financing
Financing Tenure
Profit Rate
Up to RM250,000
24 to 96 months
Income of RM5K to below RM15K: Ranging from 5.77% to 14.83%
Fees and Charges
Profit Rate/APR
Income of RM5K to below RM15K: Ranging from 5.77% to 14.83%
Processing Rate
None
Stamp Duty
0.5% of the whole amount
Early Termination Fee
None
Requirements
Minimum Annual Income
RM60,000
Minimum Age
25-60 years old
Who can apply
Malaysians
Frequently Asked Questions
Can I take up Al Rajhi Bank Personal Financing-i for balance transfer?
Yes, you can. Al Rajhi Bank allows for anyone who is eligible to apply for this Personal Financing-i for the purpose of balance transfer. Pay off your credit cards outstanding debts or personal loan/financing with other financial institutions at attractive low profit rate.
How much money can I apply?
If you’re looking to secure a higher financing limit, this personal financing offers you up to RM250,000, or 9x your monthly salary, whichever is lower. That is considerably higher than most products in the market in addition to higher financing tenure of up to 8 years.
How fast can I get my money?
First, you will be required to open either a Current Account or Savings Account with Al Rajhi Bank. The financing application is usually processed within 24 hours, after which you will get to access your money via your account with Al Rajhi Bank.
What is my obligation for this personal financing and what happens should I fail?
You only have one job, which is to make a regular monthly instalment payment on or before its due date until the end of this personal financing tenure. If you wish to settle Al Rajhi Bank Personal Financing-i before maturity, you can do so at any time and will be granted with a rebate.
Am I qualified to apply for Al Rajhi Bank personal financing if I’m blacklisted?
Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan/financing, home loan/financing or car loan/financing debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).
