Same day approval in principle (within 24 hours)
On the spot disbursement upon approval with financing amount of up to RM150,000
Enjoy 3% lower effective interest rate (Campaign period until 31 Dec 2023)
Features
Eligibility & Required Documents
Fees and chargesLeave your details and our friendly agents will get back to you!
Explore our Suggest Me Personal Loan tool to identify the best personal loan based on your requirements and eligibility.
Select the best product that fits your requirements from the list of recommended personal loan products listed and click on the Apply button.
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.
The RHB Personal Financing (Medical) is an exclusive personal financing campaign that is offered by RHB. It is designed to help individuals and families pay for their medical expenses. It is an unsecured personal loan that can be used to cover a wide range of medical expenses, including hospitalization bills, surgery costs, medication expenses, and even cosmetic surgery. It offers a high financing amount of up to RM150,000, and a low minimum income requirement of only RM1,500 a month. Only customers that sign up for Personal Smart Shield (PSS) coverage will be eligible for to enjoy 3% lower effective interest rate (campaign rates).
Is RHB Personal Financing (Medical) the right one for me?
Best for: iMoney recommends RHB Personal Financing (Medical) for medical expenses use, as it offers fast approval of 24 hours with 3% rebate from effective board interest rates provided if customers sign up for the Personal Smart Shield (PSS) insurance coverage.
Income requirements: RM1,500 gross income a month.
Pros: Fast Approval with a low-income requirement, as well as a high financing amount.
All you need to do is click on the orange “Apply” button on the top right of your screen. Then fill in your contact details and we will get in touch to get started with your financing application.
The maximum you can borrow is up to RM150,000, while the minimum amount is RM2,000.
How long can you spread your payment? The maximum financing tenure for RHB Personal Financing (Medical) is 7 years, while the minimum is 1 year. The longer your financing tenure is, the lower your monthly instalment will be.
The iMoney Calculator is designed to match you with the most suitable financing for your needs. It takes into account your salary (which will determine how much you are able to borrow), the type of financing you want, and the amount you want to apply.
You can also use the calculator to adjust the amount of time you will need to pay it back to get an idea of how much the monthly payments you can afford.
The RHB Personal Financing (Medical) is a variable rate personal financing product. The interest rate ranges from 7.19% to 13.83% per annum (fixed rate equivalent), or per year throughout the financing tenure.
Exclusive interest rates to enjoy 3% lower effective interest rate (campaign rates) if customers sign up for Personal Smart Shield (PSS) coverage.
Income: It has a low minimum income of RM1,500 per month.
Age: To qualify, you must be aged between 21 and 55. This means, your financing should end latest by age 55 of the borrower.
Other qualifying criteria:
Upon completing your application with iMoney, our call centre consultant will contact you to confirm your application. Then, you will need to complete your application at the nearest RHB branch.
All you need to bring along with you to the bank is your MyKad. With biometric verification, all your income data needed will be auto-filled electronically by the bank. Typically, you will not need to submit additional documents, but to be on the safe side, do bring along the following documents:
The RHB Personal Financing (Medical) can be processed as fast as 24 hours upon submitting all your information and documents to the bank. iMoney will assist you in checking eligibility and completing your form and document submission.
Upon approval, the financing amount will be credited into a bank account that you provided to the bank. You may be required to open a RHB's bank account.
You can contact iMoney for updates on your RHB Personal Financing (Medical). We will retrieve the status and get back to you within two (2) working days.
One-time set-up fee: You may be required to pay the stamp duty for the financing, which will be deducted from the amount before it is credited to your account.
Late payment charges: 1% on the outstanding financing amount
Early settlement fee: 6 months lock-in period (please refer to Product Disclosure Sheet for further information)
Insurance protection: The bank may require you to take up insurance coverage for this financing, which varies accordingly to financing amount, age and payment period.
The monthly payment is fixed throughout the financing tenure, and calculated based on your financing amount, financing tenure and interest rate.
Use the personal financing calculator above to calculate your monthly payment.
Here you can find and download the RHB Personal Financing (Medical) payment table.
You can check on your RHB Personal Financing (Medical) status by logging into your RHB Internet Banking and RHB Mobile Banking app. It will be listed alongside any other RHB accounts that you own.
Yes, the RHB Personal Financing (Medical) application is open to all Malaysian citizens.
No, personal financings in Malaysia mainly cater to locals. If you require a financing, please directly contact your nearest bank branch and make a special request.
To apply for a RHB Personal Financing you must be between the ages 21 and 55 years old, and be able to show proof of income.
As part of its approval process, RHB will check your credit record to determine your creditworthiness. If you have been blacklisted, have a bad CCRIS record or have a weak credit score, chances are your application will be rejected.
iMoney recommends that you settle all your overdue payments before applying and keep a healthy credit record before you apply for personal financing. It is advised that you continue repaying your financing on time for another three months before reapplying.
