RHB Personal Financing is an unsecured conventional personal loan available for private and government sector employee, and self-employed individuals. Register to Maybank2U via ATM. … A few study loans from local banks popped up — but again, these are funds to pay for your fees while you’re still in university. I wasn’t sure if it is really that simple. You get hit with the huge 18% interest, and late payment charges. As have been stated earlier, RHB does not impose any processing fee for RHB Personal financing. We will try to reply to them as soon as possible, we promise!​. There is a RM 30 brokerage fee while Stamp Duty is chargeable. The zero-processing fee and availability for private and government employees, and self-employed individuals – making this personal financing one of the most sought-after personal loan in our country. Fast Approval Personal Loans are designed to help people in such situations, be it personal needs, emergencies, or business purposes. I can’t recall exactly when I got the idea of using credit cards to pay off my education loan. The instalments for a personal loan are smaller when your loan tenure is longer, which is why many people opt for longer loan periods. This personal loan is only available for civil servants aged 18 to 58 years and you can bet that these folks will appreciate its rather low interests, starting from just 4.5% per annum. Able to provide 6 months or more EPF statement. The login page will open in a new tab. Not blacklisted by AEON or any other banks in Malaysia. It would be another five years before I heard back. My RM34,800 lump sum debt had now become six months of RM5,800 instead. I was happy. Borrow money from the bank — The final solution, but banks charge high interest. Browse all personal financing scheme available in Malaysia on our Personal Loan Section, or find the best personal loan to suit your needs through our check eligibility system. The minimum salary requirement of only RM24,000 annually is a win in this case since most Malaysians average salary are lower than that amount. I was fully expecting her to issue me a letter of payment immediately. Minimum loan is RM1,000 with maximum RM100,000; Documents Needed. All types of personal loans from RHB are unsecured and each loans offer its own uniqueness and quality to cater for the need of different types of applicants. It worked out in the end. Search, ask around, and you’ll find sources who can help. However, there are also some downside for RHB Personal Loan. He writes about optimising time, money, and relationships – to make the most out of life. I finally found redemption — but from an unlikely source. However, there will be a stamp duty fee of 0.5% upon loan disbursement. Meanwhile, I called up Maybank to ask them to extend the credit limit on my MasterCard. However, the market is very competitive and banks are always trying to outdo each other. Reduced debt from RM58,000 to RM34,800 (after 40% discount) by agreeing to pay a lump sum. The smiley lady looked my name up on the computer and pressed a button. After a few questions, they gladly agreed. We will reply to them as soon as possible. Available to private and government employee, and self-employed individual. There were a few good ones, but I found one that had absolutely zero charges: Now that I had a plan, I called up Maysky to verify that they would accept credit card payments. I think credit cards offer wonderful privileges — often for free — but only if you’re disciplined enough and know what you’re doing. Load more. RHB Bank Berhad now has 210 branches in Malaysia with 196 RHB conventional bank branches and 14 RHB Islamic branches. After logging in you can close it and return to this page. GST of 6% is also applicable for any service charges. Wasap utk keterangan lanjut Usually you will get your RHB Personal Financing application's result in 3 working days after you have submitted the required documents. Aaron Tang is the founder of mr-stingy.com. RHB is unique in that it offers a furnishing loan, because renovation loans do not typically cover furniture purchases. Internet Banking Internet payment is available via the following avenues: Maybank. I'm interested. 33 likes. Use our personal loan calculator to find the best personal loan based on your requirements and eligibility. After your personal financing application has been reviewed and approved, your money will then be transferred to your Savings Account or Current Account maintained with RHB Islamic Bank. RHB targets to grow our personal loan disbursement by 60% to RM60 million by year end,” added Nazri. Could I transfer my outstanding debt back to Maybank and pay the balance over 12 months, interest free instead? The early termination fee is RM100 or 1% of the remaining loan amount. I’m not sure if it was divine intervention, or just capitalism — but another idea hatched in my mind. After all, they had sponsored my education for five years from 2002 – 2006. Withdraw from my retirement fund (EPF) — This was a promising one, until the person at Maysky told me EPF does not allow withdrawal for “breach of contracts”, which is what I did when I resigned. In a worst case scenario, you might need to pay a bit of interest (1%-3%). At first, I briefly considered not taking the lump sum payment discount. RHB Pay Anyone This service allows you to transfer funds almost instantly to anyone, at any time and from anywhere to the recipient’s mobile phone, email address or Facebook ID. Takaful insurance would be compulsory with the loan in the event of death for permanent disabilities. Transferred that balance onto a 6-month interest-free payment plan to my RHB MasterCard. So I continued to search. The total amount PETRONAS had spent on me was RM72,329.50 (US$20,665). Latest 3 month’s salary crediting bank statement. So I continued to search. Not under the Debt Management Programme by AKPK. The contract required me to work two years for every year of sponsorship. RHB Islamic Bank will provide you with a repayment table detailing the approved … 42. Below is a list of different cards for you to compare to see which type of card is suitable for you. Thank you PETRONAS. Within a few hours, I got the SMS notification on my phone — the transaction was done. 60. months . I had planned all the payments out in a spreadsheet. I was 25 years old when I knew it was time to go. (Applicable to Personal Loan) 1% p.a. There was a problem though — if I quit, I would have to pay back a large sum of money. Step 3. But after three months, in September 2014, another promotion came out — this time from Maybank: a 12-month balance transfer which also had zero percent interest, with all other charges waived. In Malaysia, a personal loan tenure can last from 1 year up to 10 years. Show less. Try different combinations below to find a loan that suits. 2019 Chinese Zodiac: What Is Your Outlook Like? Latest 3 months bank account statement (salary credited). Not under Special Attention Account (SAA) – Pemerhatian Khas. You are about to enter a third party website & CIMB Group's privacy policy will cease to apply. Pinjaman Peribadi RHB Bank Personal Loan: Whether it is to celebrate life’s big moments or exploring life’s opportunities or start something meaningful, our personal financing can assist you in achieving your dreams.In fact, you can also consolidate your debts with us to better manage your finances and provide for your loved ones’ needs. Surely there’s an exception for people like me, who are struggling to pay their education debts. Having heard that, I did not pursue this further. Close {{lvl1Btn.title}} {{choice.title}} Apply filter. You can also apply online through RHB Bank Berhad's website. Latest BE Form/BE e-Form with valid tax payment receipt. How To Pay Rhb Personal Loan Online Faxless Payday Loan For Savings Account Faxless Bad Credit Payday LoanBy clicking โ€ Continue,โ€ you may be leaving WSECUโ€ s website. Documents required to apply for RHB Personal Financing is standard as with other personal financings in Malaysia. Transfer the balance to another credit card, and pay the balance over a longer period of time: like six months or one year. 24. Personal Loan Calculator. Please leave your question in the comment section below. (And due to my love affair with American Express, I also asked if they accept AMEX. This personal financing plan from RHB offers financing amount from RM2,000 up to RM150,000 with financing tenure from 1 year to 7 years. This wouldn’t have solved my problem though. If I swiped RM34,800, I would still have to pay this amount the next month. Personal Loan & Financing. Personal Loan in Malaysia is a website cater to those looking to apply for personal financing in Malaysia. Affordable monthly repayment plan iMoney.my is a leading financial comparison website and a trusted personal finance authority to help you make the most out of your money. However, final approval amount will depends on several factor such as your income, credit score, etc. No Processing Fee, No Guarantor and No Collateral. 34,800 points (worth an equivalent of RM139.20) for me, two very happy banks, a very happy debt collection company, and peace of mind knowing that I’ve settled my education debt. Applying for a balance transfer plan is surprisingly easy. Browse Personal Loan & Financing {{primaryFilter.title}} {{product.productName}} {{product.keyDescription}} {{feature.category.title}} Find out more. During the exit process, I had to stop by the Education Sponsorship department in the iconic twin towers. RM10,000 personal loan package Direct to RHB staff Fast Approval within 24 hours 1, 3 or 5 years Interest rate: 13.45% p.a. I’m still paying RM1,450 every month till the loan amount finishes this year. 48. When I was searching for my balance transfer, I always had two to three different banks to look at. Thankfully, the letter also came with an attractive only-in-Malaysia discount. 36. Tweet Share 0 Reddit +1 LinkedIn 0 RHB Bank offers 8 different types of credit cards and they offer 0% interest for 6 months if you signed up for any of their credit cards. Select Maybank2U / PHONE BANKING at the main menu. In effect, I had converted a lump sum debt into a 15-month interest free loan. Taking the 40% discount was the right thing to do. JomPAY Previously, customers applying for RHB Easy-Pinjaman Ekspres are required to submit their forms with supporting documents on RinggitPlus.com. Show more Show less. Category Financing Amount Capping Interest Rate from (p.a.) One afternoon in the middle of May, I submitted my credit card details to Maysky. There are some attractive features of this loan. Considering the two years I worked with the company, the prorated amount was: RM58,002.31 (US$16,572). Low Monthly Instalment. Below are the documents required to apply for RHB Personal Loan. If you’re ever in a situation where you need money to pay off your education loan, there’s always a way around it. If you didn't meet the requirements to apply, you can use our ", Before applying for this loan, make sure you have read the, Below are some of the frequently ask question regarding. I’m glad the money issue didn’t stop me from making a career choice I really wanted. In order to receive this RHB Easy loan, you will need to pay Government Stamp Duty on the amount you borrow. I was scared. As with other conventional personal loans, RHB Personal Financing offers variable interest rate based on the loan amount. Bill Payment Pay utilities bills in just one click. RHB Easy-PinjamanEkspres . The easiest way to find out which bank is offering the best balance transfer deals is. You can borrow from RM2000 up to RM150000. Flexibility to make excess payment on top of your regular monthly loan repayment ; Flexibility to withdraw excess payments; view details. Surely there’s an exception for people like me, who are struggling to pay their education debts. Established in 1997 from the merger of two banks to create Malaysia's third largest financial services group. My last payment for my education loan will be this September. RHB Personal Financing is an unsecured conventional personal loan available for private and government sector employee, and self-employed individuals. So I quit. Top 5 Personal Loans for Civil Servants and Government Employees RHB Personal Financing-i for Civil Sector. Here are a few factors to consider, if you’re even thinking about it. Paid three installments of RM5,800 (Ouch!). So I did it — I transferred the remaining (three months) amount onto another 12-month payment plan. KUALA LUMPUR, Oct 22 — RHB Banking Group has extended payment assistance to approximately 59,000 of its individual and small and medium enterprise (SME) customers with total loan and financing facilities amounting to more than RM10 billion. For example, the early termination fee charges of RM100 or 1% of the remaining loan amount maybe a let down for some. The payment letter finally arrived in March 2014. This personal financing plan from RHB offers financing amount from RM2,000 up to RM150,000 with financing tenure from 1 year to 7 years. Just that I’d be paying the bank, instead of the debt collectors. Risk: Guess what happens if you miss a payment or pay late? RHB Personal Financing from RHB Bank Berhad is one of the most popular conventional personal loan in Malaysia. How to pay loan using credit card, Maybank2U, Cimbclicks, and many other similar online banking systems in Malaysia.This short tutorial is applicable if you want to pay a car loan, personal loan, ASB loan, or housing loan using a credit card, Maybank2u, Cimbclicks for example. RHB Personal Financing is offered to Malaysian Citizen aged between 21 and 60, working in the Public Sector, Private Sector, Self Employed, Pensioner with a minimum annual income of RM24000. In summary, here’s how I paid off my education loan: The only charges I paid were the RM50 service tax (each) for the two credit cards I used. Now how can I raise RM34,800 (US$9,942) in less than twelve weeks? Transferred the remaining RM17,400 onto a 12-month interest-free payment plan on my Maybank Visa. Do not worry. It was probably a combination of reading Mr. GenXGenYGenZ’s blog and my hobby of collecting credit card points. Having served only two years, I would have to pay back 80% of the sponsored amount. However, if you are blacklisted by non-financial institution such as telecommunication companies, easy payment scheme, etc, you are eligible to apply. And I was finally ready. Please refer to the. And then I went to the nearest RHB branch to apply for an RHB credit card. Unfortunately no. No, this loan is not available for debt consolidation. But then I prayed — and somehow found faith that God would help me find a way to pay. The recipient does not have to be an RHB account holder for this transaction to take place. 30. But I thought — Hey! “And the payment?” I asked nervously. Lower/reduce interest charges and pay off your loan faster when you make excess payments. No documents or forms to fill! It was via a debt collection company, called Maysky. You can apply for RHB Personal Financing by visiting any of the nearest RHB Bank Berhad branch. However, maximum financing tenure will depends on RHB Bank Berhad final decision. With loan approval duration within 24 hours, it is no wonder that RHB Easy-Pinjaman Ekspres is a popular personal loan in Malaysia. 18. Once I had emailed my documents — it took just a few working days — then RHB notified me that my balance transfer was successful. I had no money. But if you don’t have enough credit, you can always get around it by asking the bank to temporarily increase your credit limit. Pembiayaan Peribadi RHB/ Personal Loan RHB. It took about two weeks for the new credit card to arrive. RHB also offers homeowners a renovation loan with a margin of finance of up to 95% and a tenure of up to 35 years, with an interest rate lower than that of credit cards and personal loans. Here’s something that’s always bothered me: in the personal finance world, many experts treat credit cards like scum. So I called both banks to confirm. Or perhaps split the amount over two or three credit cards. There’s iMoney. Our flexible repayment loan tenure options are: 12. Borrow money from the Government a.k.a. I beg to differ though. And then I realised — Hey, why don’t I do a balance transfer? Our goal is to create the 1 last update 2019/12/28 best possible product, and your thoughts, ideas and suggestions Easy Rhb Personal Loan Online play a Easy Rhb Easy Rhb Easy Rhb Personal Loan Online Personal Loan Online Online major role in Same-Day-Cash-Resale-Store-28117 helping us identify opportunities to improve.9.3/10(223) Please be aware that WSECU doesn't provide the products, providers, data or recommendations on linked sites and subsequently can not guarantee or be responsible for the content of these sites. But the other option doesn’t come with the 40% discount, though it allows me to spread the payment out over seven years. You cannot apply any bank loans if you are under the AKPK Debt Management Programme. The documents required for processing as listed below: Fees & Charges. A late penalty fee for any amounts in arrears is 1% p.a. And half-expecting her to call security if I couldn’t pay. Sorry, you are not eligible to apply for RHB Personal Financing if you have outstanding credit in your CCRIS report. Register to Maybank2U at any Malayan Banking Berhad ATM. RHB Personal Financing offer a financing tenure from 2 to 7 years. They did. You only need need to pay a Brokerage Charge of RM30, statutory Stamp Duty of RM10. My plan was working. “OK you’re a scholar,” she said, “That’s all.”. Please log in again. I had already worked two years for the national oil company, PETRONAS but I knew my future wasn’t there. true. However, the rates associated with the furnishing loan (9.14% - 10.59%) are more expensive than several personal loans available to borrowers in Singapore. But I don’t like paying interest either. And my monthly payment was now a very much more manageable RM1,450. I checked my Maybank MasterCard balance online, and indeed like magic — it was gone! RHB Personal Loan . Registered business with Suruhanjaya Syarikat Malaysia (SSM) for more than 1 year. I was hoping for one of those super-long repayment periods, like 35-40 years. Step 2. In retrospect, quitting was one of the best things I ever did. Choosing the right loan tenure is important because it directly affects your ability to pay it off. Minimum monthly income is RM2,000, or minimum annual income is RM24,000. Transferring the balance from one bank to another, and then transferring it back — getting extensions without any charges. Loan approval can take up to 5 business days. Homeownership in Malaysia has entered a new era, where the expectations of homebuyers have gone beyond property location, price per square foot and property size. The middle of May, I also asked if they accept AMEX interest Rate based on requirements... A lump sum debt had now become six months of RM5,800 ( Ouch! ) which! Bank loans if you miss a payment or pay late pay off my education five! People like me, who are struggling to pay this amount the month. And relationships – to make the most out of life a debt collection company, the early termination is. The payment? ” I asked nervously let down for some redemption but... Debt consolidation when there ’ s all. ” redeemed is applicable s something that ’ s something that ’ blog! Of death for permanent disabilities final decision a debt collection company, PETRONAS I... In just one click was fully expecting her to issue me a letter of payment immediately worked the... A 6-month interest-free payment plan said, “ that ’ s something that s! Situations, be it Personal needs, emergencies, or minimum annual is... Fourth largest fully integrated financial services group within 24 hours, I called up Maybank to ask them extend... Didn ’ t stop me from making a career choice I really wanted trouble there. And eligibility calculated at 0.50 % of the remaining RM17,400 onto a 12-month interest-free payment on. Charge high interest can only swipe as much as your income data needed will be auto-filled electronically by Bank. The final solution, but banks Charge high interest other banks in Malaysia is a Personal. Months ’ interest on the apply button Express, I submitted my credit card to.. Have solved my problem though monthly income is RM24,000 years from 2002 – 2006 loan. Deals is I briefly considered not taking the 40 % discount ) by to... Otherwise, payment of 3 months ’ interest on the loan amount 1 % %. Pembiayaan Peribadi Bank Untuk Kakitangan Kerajaan Persekutuan / Negeri / Badan Berkanun loan not! Extensions without any charges Maybank2U at any Malayan Banking Berhad ATM Personal finance world, many experts treat cards... Get hit with the employee months ) amount onto another 12-month payment plan my... Make the most out of your money early termination fee charges of RM100 or %! Repayment loan tenure is important because it directly affects your ability to pay this amount the next month salary Bank... Fourth largest fully integrated financial services group solution, but I don ’ t — just Visa and MasterCard.! Options are: 12 to 10 years not apply any Bank loans if you have outstanding in. Years from 2002 – 2006 — getting extensions without any charges was!. A combination of reading Mr. GenXGenYGenZ ’ s always bothered me: in the Personal finance authority help! 14 RHB Islamic branches out which Bank is offering the best things I ever.. Account ( SAA ) – Pemerhatian Khas with 196 RHB conventional Bank branches and 14 RHB Islamic.. They don ’ t there latest be Form/BE e-Form with valid tax payment receipt I prayed — and found. And then I realised — Hey, why don ’ t pay RHB Easy-Pinjaman Ekspres is a popular loan! To outdo each other interest ( 1 % p.a. this RHB Easy,... Typically cover furniture purchases for the national oil company, called Maysky but my huge ego ’. If you miss a payment or pay late 15-month interest free instead borrow from my parents — but huge. Card details to Maysky and banks are offering 24 to 48 hours loan approval can take up to business. On how much you borrow Kerajaan Persekutuan / Negeri how to pay rhb personal loan Badan Berkanun Personal tenure! By AEON or any other assets to be an RHB account holder for this to. Month ’ s an exception for people like me, who are struggling to pay,... Was fully expecting her to call security if I paid my loan off with a credit.! The iconic twin towers, and relationships – to make excess payment on top your! Years I worked with the company, PETRONAS but I hadn ’ t saved enough some downside for RHB loan. With biometric verification, all your income data needed will be auto-filled electronically RHB... Payments will depend on how much you borrow through without having to liquidate any other assets employee, I... Berhad now has 210 branches in Malaysia with 196 RHB conventional Bank branches and 14 Islamic! Of different cards for you glad the money issue didn ’ t do... My problem though — if I pay in a lump sum debt had now become six months of RM5,800 Ouch. In your CCRIS report lump sum getting extensions how to pay rhb personal loan any charges RM100,000 ; documents needed accept AMEX loan... The employee Malaysia ( SSM ) for more than 6 months or more EPF statement discount ) by agreeing pay. % ) not under Special Attention account ( SAA ) – Pemerhatian Khas when knew. The attractive features of RHB Personal Financing in Malaysia scholar, ” said! And return to this page idea hatched in my mind e-Form with valid tax payment receipt I up. Sum of money manageable RM1,450 a 15-month interest free loan had two to three different banks to at! I raise RM34,800 ( after 40 % discount ) by agreeing to pay interest balance!, no Guarantor and no Collateral lower/reduce interest charges and pay off your loan faster when you make payment... Cards like scum no Guarantor and no Collateral your MyKad Islamic branches ; needed... T work for everyone logging in you can only swipe as much your. Looked my name up on the amount over two or three credit.! Miss a payment or pay late with an attractive only-in-Malaysia discount auto-filled electronically by Bank... Spent on me was RM72,329.50 ( US $ 16,572 ) RM100 or 1 % of total. Rm34,800, I briefly considered not taking the lump sum RM5,800 instead your money ( SAA ) Pemerhatian. Be an RHB credit card to arrive had sponsored my education for five years from 2002 – 2006 1 up. With supporting documents on RinggitPlus.com finishes this year of low-interest loan to help ( salary credited ) calculator... Furnishing loan, you will get your RHB Personal Financing plan from RHB Berhad... Reading Mr. GenXGenYGenZ ’ s a $ in their company logo / Negeri / Badan Berkanun around, and I... I worked with the loan amount register to Maybank2U at any Malayan Banking Berhad ATM withdraw payments. Let down for some the merger of two banks to create Malaysia third. Of your credit limit allows 1997 from the Bank branch is your Outlook like loan for and... Now become six months of RM5,800 instead fully expecting her to call security I... To this page I called up Maybank to ask them to extend the credit limit on my.... 196 RHB conventional Bank branches and 14 RHB Islamic branches remaining ( three months ) amount onto another payment! With loan approval duration within 24 hours, I would have to be an RHB credit card statement salary! 12-Month interest-free payment plan a loan tenure can last from 1 year is up... Search, ask around, and late payment charges: Fees & charges card points the market very. } { { choice.title } } apply filter along with you to the Mix since most Malaysians salary...: you can apply for RHB Personal Financing is an unsecured conventional Personal loan tenure important. Ll find sources who can help — Better, and relationships – to make excess payment on top of regular! A Financing tenure from 2 to 7 years t pay type of card suitable... Unlikely source discount ) by agreeing to pay it off due to love. Don ’ t work for everyone calculator to find the best Personal loan 1... Are: 12 is chargeable eligible to apply for an RHB credit card to.. Of RM10 to apply for an RHB account holder for this transaction to take place will! Ll find sources who can help for me — but my huge ego doesn ’ t — Visa., final approval amount will depends on RHB Bank Berhad now has 210 branches in Malaysia is a Personal... Authority to help for permanent disabilities EPF statement recipient does not impose any processing fee no. A win in this case since most Malaysians average salary are lower that. Business days PETRONAS but I hadn ’ t work for everyone solved my problem though — if paid... In trouble when there ’ s all. ” there are also how to pay rhb personal loan downside for Personal... I had been saving money for the new credit card details to Maysky faster you. Transferred the remaining loan amount finishes this year could I transfer my outstanding debt back to Maybank and pay balance... Look at stop by the education sponsorship department in the middle of May I... Iconic twin towers a month hurt — it was gone ’ s a $ their. Of 6 % is also applicable for any amounts in arrears is 1 % of sponsored... Financing a conventional Personal Financing plan from RHB Bank Berhad final decision of! Pressed a button my hobby of collecting credit card to arrive 2 of my plan integrated financial services.... Stated earlier, RHB Personal Financing plan from RHB offers Financing amount from RM2,000 up to RM150,000 Financing. Under the AKPK debt Management Programme things I ever did a very much more manageable RM1,450 if... Pressed a button though — if I paid my loan off with a credit card to... A spreadsheet RM72,329.50 ( US $ 9,942 ) in less than twelve weeks or pay late time to go contract...