RHB Easy-Pinjaman Ekspres: Quick Approval But High Interest Rates

Consider the RHB Easy-Pinjaman Ekspres if you need urgent funding. This plan offers fast loan approval within 24 hours and on-site disbursement.

However, it has relatively high interest rates. It also charges a 0.5% stamp duty on your loan amount, as well as additional fees if you prepay your loan.

Best For: Those looking for a quick approval loan with low income requirements.

Main features of RHB easy personal financing

Interest rate8.18% pa – 13.45% pa
Amount of the loan2,000 RM to 150,000 RM
term of the loanUp to 7 years
Approval durationWithin one working day
Income requirementMonthly gross income of 1,500 RM
Age requirement21 – 55
Linked bank account requiredYes
InsuranceMay be required depending on bank approval


Source: right to right

RHB Easy-Pinjaman Ekspres interest rates start from 8.18% pa to 13.45% pa But the lower rates only apply if you borrow between 100,000 RM and 150,000 RM. Smaller sums, such as below RM50,000, could mean dealing with interest rates over 11% pa

These rates are higher compared to other plans in the market, especially if you are a public servant, as some loans have low interest rates which are exclusive to the public sector. For example, these personal finance plans have lower interest rates than the RHB:

PlanEligibilityMinimum incomeApproval durationProfit rate
Banque Rakyat Personal-i Financing Public SectorOfficials1,000 RMUp to 3 working days2.31% pa – 5.65% pa
Islamic Public Bank BAE Personal Finance-iOfficials1,500 RM1-2 weeks3.99% pa – 4.45% pa
Islamic personal financing AmBank-iCivil servants and private sector employees1,500 RM2 working days4.08% per year – 7.90% per year

However, compared to these plans, RHB Easy-Pinjaman Ekspres has the fastest loan approval time. So, even with its higher rates, it can make sense if you’re in dire need of financing (and you’re sure you can cover the repayments).


Like most personal loans in the market, it charges a 0.5% stamp duty on your approved loan amount and a 1% late payment penalty on your delinquency.

Another thing to note is that this loan has a six month blocking period. This means that if you prepay your loan during this period, you will be charged an early exit fee. This would be RM100 or 1% of your total loan approved, whichever is greater.

We like

  • Fast approval. RHB Easy-Pinjaman Ekspres has a fast approval time of less than one working day.
  • Low minimum income requirements. You just need a minimum income of RM 1,500 per month to qualify for this loan.
  • Flexible tenures. You can choose a term of one to seven years.
  • No guarantor or surety. Like most personal loan or finance products, you don’t need a guarantor or collateral to qualify for RHB Easy-Pinjaman Ekspres.

Things to consider

  • High interest rates. Interest rates start at 8.18% per annum Many personal finance plans in the market have starting profits or lower interest rates.
  • You will have to pay a 0.5% stamp duty, as well as an early exit fee if you prepay your loan.
  • Linked bank account. You may need to open a bank account with RHB Bank or RHB Islamic Bank for the loan amount to be credited to your account.

How to qualify for RHB Easy-Pinjaman Ekspres

To qualify for this loan, you must meet these conditions:

  • 21 to 55 years old
  • Malaysian citizen
  • Minimum of RM1,500 gross monthly income
  • Private sector employee or self-employed

You must also provide these documents:

EmployeeSelf employed
One of the following:

● Last payslip of a month
● Last EPF statement with 18 months of contribution
● Savings account activity / current account statements for the last 3 months

● Copy of current and valid company registration card (at least two years in business)
● Bank statement for the last six months
● Last B / BE form with payment slip / receipt validated at LHDN

RHB Easy-Pinjaman Ekspres minimum income requirements are relatively low – other personal finance products typically require a monthly income of at least RM2,000.

But if you don’t qualify for RHB income, you still have other options. For example, Bank Rakyat Personal Financing-i Public Sector and JCL Personal Loan both accept applicants with monthly income of RM 1,000 per month.

RHB Easy-Pinjaman Ekspres

RHB Easy-Pinjaman Ekspres

Funding up to RM 150,000

Fast loan approval within one working day; minimum income of RM 1,500

Apply now

The RHB Easy-Pinjaman Ekspres post: Fast Approval But High Interest Rates first appeared on iMoney Malaysia.

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