RHB Personal Loan

rhb-personal-loan

RHB Preferred Credit
Interest at 3.888% for the first three months, 11.888% onwards
Low interest rate of 5.888% p.a.* for first 3 months and 16.888% p.a.* thereafter
  • Flexibility with no monthly minimum repayment
  • High returns on your credit balance
  • Convenience with free unlimited cheque books
  • rhbsg

    For a start, RHB Preferred Credit features an attractive 3.888% p.a. interest rates for the first 3 months of loan while 11.888% for 3 months onwards. This line of credit is flexible as there are no minimum monthly repayment

    As for convenience, RHB line of credit also comes with RHB Now Internet Banking integration. You will have the option to transfer fund from RBH line of credit to your own account or any other third party account in Singapore. Balances and usage history also can be viewed from this online service.

    Withdrawal

    Successful applicants will be issued a cheque book that is mailed to application address for withdrawal purpose. Optionally, ATM card can also be issued for withdrawal purpose.

    Charges

    The annual fees for RHB Preferred Credit has been waived. The minimum interest charge would be $10. There is no late payment charges and over the limit charge is 5% above the prevailing interest rate.

    Eligibility

    RHB Preferred Credit is only open to Singaporeans and permanent residents. You will have to be minimum 21 years old while not exceeding 60 years at the end of facilities tenure. A minimum annual income of $36,000 is required to be qualified for the loan.

    Documents Required

    •Photocopy of NRIC (both sides)
    •Proof of Income:
    •   Salaried Employee:
    1)    Latest Computerized Payslip OR
    2)    CPF Contribution Statement for past 12 months OR
    3)    Latest Income Tax Notice of Assessment (NOA)
    •   Variable Income/Commission Based Earner:
    1)    Latest 6 months Computerized Payslip OR
    2)    CPF Contribution Statement for past 12 months OR
    3)    Latest Income Tax Notice of Assessment (NOA)
    •   Self-Employed:
    1)    Income Tax Notices of Assessment (NOA) for past 2 years
    • Any other documents as may be requested by the Bank at its sole discretion