RHB Personal Financing-i For Civil Sector

Islamic Financing Low Income Government Servant
  • Profit Rate
    5.75% p.a.
  • Max. Financing Amount
    RM 300,000
  • Approval Duration
    7 business days

RHB Islamic Bank Loan Calculator

RM
year(s)
RM
You Pay
RM 89 /mth
Profit Rate
Total Profit Payable
RM 70
Total Payment
RM 1,070

More details

  • icon Features Features

    Approval Duration
    7 business days
    Min. Financing Amount
    RM 2,000
    Max. Financing Amount
    RM 300,000

  • icon Eligibility & Required Documents Eligibility & Required Documents

    Employment Eligibility
    Salaried
    Age Requirement
    18-58 years old
    Min. Monthly Salary
    RM 2,000

    Other eligibility requirements

    Guarantor Collateral Requirement
    None required
    NRIC
    Front & back (2 copies)
    Employment confirmation letter
    Salary slip
    3 months
    Copy of RHB Bank Berhad / RHBIB / any other banks Account Passbook
    Redemption Statement of other banks/ financial institutions (if any)
    Retirement Option Letter
    For applicant aged 48 years old & above if Tenure exceeds mandatory retirement age
    Transfer Letter
    For applicant who will be transferred in less than 6 months from the point of application
    T228
    For Sarawak only

  • icon Fees and charges Fees and charges

    Other fees and charges

    Stamp Duty
    As per the Stamp Duty Act 1949(Revised 1989) (subject to change that imposed by Government)
    Brokerage Fee
    RM30.00 per application
    Collection Fee
    2.0% of monthly payment
    Takaful Contribution
    Varies accordingly to financing amount, Customer’s age and tenure.
Last updated: Oct 7, 2024

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How do you apply for a personal financing online?

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Step 1

Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.

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Step 2

Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.

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Step 3

Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.

More details about the product

RHB PF-i for Civil Sector is a personal financing facility that adopts the concept of Commodity Murabahah via Tawarruq arrangement. With a high financing amount of up to RM300,000, it is specifically for both federal and state government servant, selected GLCs and self-accounting agencies.

Best for: Debt consolidation or cashflow for personal use.

Income requirements: Minimum RM2,000/month.

Pros:

  • Low income requirement (RM2,000 gross monthly income)
  • Higher financing amount (RM200,000)
  • Repayment through salary reduction
  • Flat profit rate (4.5% p.a.)
  • No guarantor required

RHB Personal Financing-i for Civil Sector FAQ

An unsecured Islamic personal financing offered RHB Bank.

  • RM2,000 to RM300,000

  • 2 – 10 years.

  • Employees of the Malaysian government, including

    • State and federal government servants
    • Selected GLC employees
    • Self-accounting agencies

    You are also required to meet the eligibility criteria below:

    • Citizenship: Malaysian
    • Income: Minimum RM2,000/month gross income
    • Age: Between 18 – 58 years old

  • Your application will be processed within 7 days, subject to complete document submission.

    To speed up the process, you can complete the application through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.

  • Below are the details of Fees and Charges for this loan:

    • Stamp Duty: As per the Stamp Duty Act 1949(Revised 1989) (subject to change that imposed by Government)
    • Brokerage Fee: RM30.00 per application
    • Collection Fee: 2.0% of monthly payment
    • Takaful Contribution: Takaful contribution is optional. It varies according to the financing amount, customer’s age and tenure.

     

    Note 1: The Bank will inform you at least 21 calendar days before the effective date of implementation should there be any changes in the fees and
    charges which are applicable to your financing facility.
    Note 2: Stamp duty, brokerage fee and Takaful contribution will be deducted from the total financing proceeds.
    Note 3: 2.0% collection fee is already incorporated in the monthly salary deduction.

    • As low as 3.0% p.a. with additional 2.75% , depending on your financing amount and period.
    • Celing Profit Rate: 18% (in any cases, where the effective rate is more than 18%, customer will only be charged at maximum profit rate of 18%)

  • Once you have completed your application with iMoney, you are required to provide the following documents for your application:

    • 2 copies of NRIC (front and back)
    • 1-month latest salary slips (1 original, 2 copies)
    • Confirmation letter by employer (1 original, 1 copy)
    • Redemption Statement (1 original, 1 copy)
    • RHB / RHB Islamic Bank passbook / bank statement (2 copies)
    • Angkasa Form (Blue Form) or Letter of authorisation to deduct salary
    • Application Form

  • Yes. Takaful coverage is compulsory. In circumstances of death and total permanent disability, the Takaful will pay off all outstanding amounts of your financing with the Bank. This will alleviate the burden of payment on your survivors or next of kin.

  • As with any personal financing, you will have to make monthly repayment which comprises of principal amount and an interest rate.

    Use our personal loan calculator above to estimate your monthly repayment.

  • Authorised salary deduction via Biro Angkasa.

  • RHB Personal Financing-i for Civil Sector

    • Product Disclosure Sheet here
    • Terms and Conditions (SBRI) here
    • Terms and Conditions (new applicant) here 

  • Yes you may. There will be no fee imposed if you settle the financing early.

  • The Bank may grant a rebate to you according to any of the following situations:

    1. Early settlement or early redemption made by you
    2. Settlement due to financing restructuring made by you
    3. Settlement upon the event of default made by you
    4. Settlement in the event of termination or cancellation made by you

  • Unfortunately, RHB Bank will consider your credit score in the approval process. The repayment profit rate you get will also depend on your credit score. We recommend that you settle outstanding payments and wait for 3 months before you apply.

    Check your iMoney CreditScore for free to find out how your credit health is.

  • CBP Personal Financing-i Lestari

    Another personal financing facility for civil servants is CBP Personal Financing-i Lestari which provides a higher financing amount of RM200,000. Although the monthly income requirement is slightly higher at RM3,000, it comes with a lower profit rate of 2.75% - 2.85% p.a.

    AEON i-Cash Personal Financing

    If you wish to have a slightly faster approval, you may consider AEON i-Cash Personal Financing which can approve your application within 3 days. With a similarly low income requirement of RM1,500, this personal financing package comes with a shorter repayment tenure of 7 years.

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