SMIfunding - Al Rajhi Personal Financing-i

Profit rates

Based on your loan amount & loan period, the interest rates are as low as the following

Financing Value	Financing period	Your Annual Income	Profit Rate
RM10,000 - RM250,000	12 to 96 months	RM36,000to RM180,000	5.77% p.a.
RM10,000 - RM250,000	12 to 96 months	RM36,000to RM180,000	14.83% p.a.
RM10,000 - RM250,000	12 to 96 months	RM180,000to RM359,988	5.61% p.a.
RM10,000 - RM250,000	12 to 96 months	RM180,000to RM359,988	13.83% p.a.
RM10,000 - RM250,000	12 to 96 months	min. RM360,000	5.27% p.a.
RM10,000 - RM250,000	12 to 96 months	min. RM360,000	12.7% p.a.

Financing period is minimum 12 months and maximum 96 months (depending on the financing tier selected)

Fees & Charges

Profit Rate / APR

As low as 5.27% p.a.*
*Subject to terms and conditions

Processing Fee

None

Stamp Duty

0.5% of the whole amount

Early Termination Fee

Customer can settle or prepay any or all of the owed amount to the bank anytime, subject to the bank's approval

Late Penalty Fee

Customer must pay any overdue installments plus compensation for the bank’s actual losses or at rates approved by Bank Negara Malaysia, whichever is lower. Refer to the Product Disclosure Sheet for more details

Requirements

Minimum Annual Income

RM36,000

Minimum Age

25 to 60 years old

Who can apply

Malaysians
Salaried employee
MNC/PLC/GLC employee
Non-MNC/PLC/GLC employee

More Information

Al Rajhi Personal Financing-i 15% Cashback Campaign

For a limited time, Al Rajhi Bank is offering approved Personal Financing-i applicants a chance to earn 15% cashback.

This promotion runs from 1 January 2026 to 31 March 2026 (“Campaign Period”), subject to the campaign's terms and conditions.

Who is qualified for this promotion?

This campaign is open to new and existing individual customers who apply for the Al Rajhi Personal Financing-i through Al Rajhi Bank.

To be eligible, the financing facility you are applying for must be approved and disbursed during the Campaign Period to be eligible as a “Qualified Customer”. Additionally, the minimum financing amount must be at least RM65,000 with a tenure from 5 to 8 years.

Those who are not eligible for this promotion include the following:

Employees of alrajhi bank Malaysia
alrajhi bank non-individuals or corporate customers
Customers whose account(s) with the Bank are conducted unsatisfactorily; and
Have a minimum amount of financing of less than RM65,000 (under Clause 3.2.6 in campaign’s terms and conditions)

How to be eligible for the 15% Cashback?

The 15% Cashback is up for grabs on the total profit payable on the approved and already disbursed Financing Facility during the Campaign Period.

To be entitled to the Cashback, you, as the Eligible Customer, must pay the monthly instalment amount of the Financing Facility in full amount and on time before the due date for the first 14 months during the entire tenure of the said Facility (“Qualified Customers”) before being eligible for the 15% Cashback.

When will the 15% Cashback be credited to my account?

Based on the T&C, the first Cashback will be credited monthly from month 12 to month 14.

For a better understanding, there is an illustration in the terms and conditions that you can refer to.

Can you show me the calculation of the Cashback?

For more details about the calculation, you can find the illustration in the Campaign terms and conditions.

Where can I reach out for more information?

For any questions, please feel free to give the Al Rajhi Bank a call, or you can visit their website to find out more details about the campaign/promotion.

What can I get from Al Rajhi Personal Financing-i?

Al Rajhi Bank offers a financing amount between RM10,000 to RM250,000 (or up to nine times your monthly income) to all salaried and permanent employees.

This unsecured Islamic personal loan can be used for personal consumption, home improvement, holidays, medical, education, investment, small business financing and debt consolidation.

The profit rate, on the other hand, you'll get to enjoy rates such as the following, effective 7th March 2025.

For monthly income of RM3,000 to below RM15,000: From 5.77% p.a. to 14.83% p.a.
For monthly income of RM15,000 to RM29,999: From 5.61% p.a. to 13.83% p.a.
For monthly income of RM30,000 and above: From 5.27% p.a. to 12.70% p.a.

Bear in mind that the better your credit rating or background is, the better rates you'll be able to get.

Can I consolidate my credit card and personal loan debts with Al Rajhi Personal Financing-i?

Yes, you can. Al Rajhi Personal Financing-i allows for debt consolidation under its Balance Transfer programme at lower monthly instalments and fixed profit rates.

How fast can I get my money?

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.

Once you have applied for an Al Rajhi personal loan, you will be required to open either a Current Account or a Savings Account with Al Rajhi Bank.

What are the fees for this Islamic personal loan?

The list of fees you will need to bear includes:

Brokerage fee: 0.0008% of the financing principal amount
Redemption statement fee: RM10 per request
ARNT fee (agency fee): RM1 per transaction
Annual financing statement fee: RM5 per request
Lawyer's fee for Personal Financing Balance Transfer: RM20 for each approved Balance Transfer

What is my monthly commitment?

Your monthly instalment will be due on the first of the month, which means the payment of this personal financing must be completed before or on the due date.

It is important for you as the borrower to honour the financing agreement you initially made to not only avoid paying more than you should but also to avoid getting legal action, which in turn can hurt your credit rating and affect your eligibility for other loans in the future.

Who can apply for this personal financing from Al Rajhi Bank?

Any Malaysian individual aged 25 years and above with a minimum monthly income of RM3,000* can apply for this unsecured personal financing.

*Subject to a minimum annual income of RM36,000 and a fixed income earner only

You will be asked to provide supporting documents such as:

Salaried Employee:

A copy of your IC (both sides)
Latest 3-months payslips
Latest 3-months bank statement
Latest EPF statement

Self-Employed:

A copy of your IC (both sides)
A copy of your Business Registration Form
A copy of Forms 9, 24 and 49
Latest 6-months company bank statement
Latest 2 years of Form B or Form EA with an official tax receipt

*If you’re self-employed, the bank may request other supporting documents for your application

Am I qualified to apply for an Al Rajhi personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions, all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course would be to break the habit and start making your payments on time to avoid future hurdles.

Al Rajhi Bank is more likely to approve your loan application if you can show that you are managing your finances rather than accumulating more debt.

I’m interested in applying! Tell me about the steps

To apply online for Al Rajhi Personal Financing-i, kindly follow the simple steps below:

Click on the Apply Now button
You will then be directed to our WhatsApp chatbot
Start your application by answering some questions asked by our chatbot
Once you're finished, your answers will be submitted to Al Rajhi Bank to be processed as an application
Within 3 working days, Al Rajhi Bank will contact you and help you with your loan application