Al Rajhi Personal Loan
Al Rajhi personal financing-i or more commonly known as personal loan is a simple way for individuals to obtain a personal trade finance to buy merchandises traded by the financial institutions. Individuals are allowed to trade as many times as possible as long as the bank grants you permission to do so.
A general reminder for all – purchases from the bank are conducted on a deferred payment basis. That means, individuals may use or eliminate the merchandise once the sales contract is completed. The purchase includes sale of purchased merchandise to any other parties to increase the revenue or money for your personal gains.
Al Rajhi personal financing-i offers few lucrative benefits – repayment period extended to 7 years, less documentation during the process of application, no guarantor required, no penalties against early settlement and the trade limit up to 5 times the applicant’s monthly salary or RM150,000. Applicants do not have to worry as the financing regulations complied with Al Rajhi Bank (Malaysia) Shariah Standard.
Interested individuals can apply from the comfort of their home and office with a simple click on Al Rajhi’s official website. Applicants will receive their status within 24 hours via SMS. Staffs will go straight to your office or home to collect the documents needed once the bank approves your application.
Al Rajhi personal financing-i or personal loan is open to all Malaysians aged 21 and above. Applicants must have a minimum gross salary of RM2,000. The current interest rate for this personal loan is 8.5 percent or between 7.5 percent to 8.4 percent for selected companies.
When you submit the application, remember to prepare a photocopy of your identity card, completed personal financing-i application form and master commodities sales agreement form, copy of credit card record for the past one year, three months payslips, three months bank statement, charges and survey forms, Al Rajhi Debit-ATM Card-i Form as well as Al Rajhi Savings Account-i Form.