RHB offers 5-minute application for personal financing via Loanstreet

KUALA LUMPUR, RHB Bank Berhad (RHB) partners, Finology Sdn Bhd to offer customers 5-minute application for personal financing – RHB Easy-Pinjaman Ekspres, through Loanstreet.com.my.

Finology is a financial technology company that operates Loanstreet, a financial comparison site.

Eligible applicants with a monthly salary of RM3,000 and above can apply online to obtain personal financing ranging up to RM150,000. This platform allows applicants to receive notification on their loan approval status within 24 hours via Short Messaging System (SMS).

The RHB Easy-Pinjaman Ekspres is a feasible option for applicants in need of immediate financing for education, business, home renovation, financial consolidation and other needs.

By offering RHB Easy-Pinjaman Ekspres on Loanstreet, customers will be able to apply for financing in a more agile and versatile manner. RHB aims to disburse up to RM2 billion in personal financing to eligible borrowers by 2019. By making this product available on Loanstreet.com.my, we hope eligible customers will be able to apply for personal financing online within 5 minutes, said Nazri Othman, Acting Head, Group Retail Banking, RHB Banking Group.

Jared Lim, Founder and Managing Director of Finology, said: We hope that in the near future customers will no longer be required to be present at the branch to obtain their loans, and we are excited to support RHB as they plan for a roll-out to provide customers with instant loan approvals by fourth quarter of 2019.

The user-friendly platform includes a quick calculator to enable customers to check their loan eligibility and monthly repayments, helping customers to effectively manage their finances.

Applicants have the option to seek assistance online or to speak directly to a customer service personnel.

The RHB Easy-Pinjaman Ekspres facility is also available through three other online platforms namely RinggitPlus, iMoney and GoBear.

In conjunction with the launch, successful applicants will stand a chance to walk away with exclusive gifts namely Xiaomi Amazfit watches for loan amount of RM20,000 and above. This gift campaign starts from 6th May till 6th August 2019.

Source: BERNAMA (News Agency)