Ryt Bank credit and loan products
Ryt Credit and related loan products, including the effective interest rate table that changed on 23 September 2026.
Official EIR table
| Tenure (months) | EIR p.a. before 23 Sep 2026 | EIR p.a. from 23 Sep 2026 |
|---|---|---|
| 1 | 0.00%* | 0.00%* |
| 3 | 26.80% | 31.72% |
| 6 | 30.23% | See official page |
| 9 | 31.32% | See official page |
| 12 or 24 | 31.72% | 31.72% |
Source: rytbank.my/fees-and-limits, updated August 2026. The 0.00%* row “applies only if all purchases of the current billing cycle is paid in one instalment before the due date.” Some post-change cells were not clearly filled in – use the live page for 6- and 9-month tenures after 23 September 2026.
Where a cell was not clearly stated after the 23 September 2026 change, we write “See official page” instead of guessing.
How to read this product
Ryt Credit is a lending product. Interest, or an equivalent cost of credit, is not the same thing as the 2.05% you may earn on a savings balance. Do not compare the two numbers as if they were interchangeable.
We are not describing this as a traditional credit card unless Ryt’s official pages clearly use that name for the same product. Use the in-app name you actually see.
FAQs
Is the one-month rate really 0%?
Only under the official condition: all purchases in that billing cycle are paid in one instalment before the due date. Miss that condition and the 0.00% figure does not apply.
Does PIDM cover Ryt Credit?
No. PIDM covers eligible deposits, not money you have borrowed.