Al Rajhi Personal Loan


Al Rajhi Personal Financing-i  (Unsecured)
Open to private and public sectors
Profit rate of 7.25% (flat) p.a
Maximum financing amount of RM 150,000
Maximum financing period of 7 years
For applicant of salary above RM 4,500
Age limited to 25 to 60 years of age
No processing fees

Al Rajhi Personal Financing-i is a product from Saudi Arabia originated Al Rajhi bank. This shariah compliant personal loan based on comodity trading which has a profit rate of 7.25% p.a flat rate. This is an unsecured loan which no guarantor and collateral is required. You can borrow a minimum of RM 5,000 up to RM 150,000 and a maximum of 7 years repayment period. The maximum you can loan is 5 times to 8 times of your monthly salary.


Takaful coverage for this loan will depends very much on factors such as applicants age, length of loan and financing amount. Although there are no processing fees for this personal loan, you will need to pay a 0.5% stamp duty and a RM 15.90 Bursa charges for every RM 1,000 that you finance.

Here are some other fees incur by the loan

  • Compulsory Takaful insurance which depends on age and risk factors
  • Balance transfer fees of RM21.20 upon approval. Subject to balance transfer program only
  • Redemption statement fees of RM 10.60 upon request
  • Refinancing statement fees of RM 5.30 upon request.


This personal loan has a higher than average age limit. You will need to be at least 25 years old while not exceeding 60 at the end tenure to qualify for the loan. A minimum of 1 year employment is required. One also has to have a minimum salary of RM 4,500 in order to be eligible for the loan.

Documentation required 

  • Photocopy Identity card ( front and back)
  • Latest 3 months payslip
  • Latest 3 months bank statement
  • Employer reference letter

Balance transfer with Al Rajhi 

You can also opt for balance transfer at the same requirement as of Al Rajhi Personal Financing-i besides different charges.  This is great if you have a large outstanding amount of credit card debts or loan with higher interest. For balance transfer,  RM 20 will be charged for each loan or credit card involved, 0.5% stamp duty and Bursa charge of RM 250.