RHB Bank offers the My1 Full Flexi Home Loan scheme where you can make additional payments above the monthly instalment amount. You can also withdraw the extra payments whenever you need. You can settle the loan sooner than the set tenure with the advantage of a flexible payment system.
|RHB My1 Full Flexi Home Loan Scheme Detials|
|Loan Margin||Up to 90% with 5% MRTA.|
|Minimum Loan Amount||RM30,000 (including MRTA).|
|Loan Tenure||Up to 35 years or up to an age of 70 years.|
|Interest Rate||BR + 1% p.a.|
|Stamp Duty Fee||According to the Stamp Duty Act 1949 (Revised in 1989).|
|Disbursement Fee||Registration of charge fee + Land search fee + Bankruptcy search fee.|
|Valuation Fee||For completed properties only.|
|Cancellation Fee||1% of the loan amount (if cancelled after accepting the Letter of Offer).|
|Late Payment Penalty||1% p.a. on the arrears.|
|Early Settlement Fee||Charged if the loan is cleared within the lock-in period.|
The loan allows you to make excess payments whenever possible, and withdraw the excess payment if you need it. Read the terms and conditions to know about the loan facility better.
A. Yes. The loan facility comes with a lock-in period of 3 years from the date of the first drawdown.Q. How often is the interest calculated?
A. The interest is calculated on a daily basis.Q. What is the minimum loan tenure applicable?
A. The minimum loan tenure applicable is 5 years.Q. Can I refinance my existing home loan under the My1 Full Flexi Home Loan?
A. Yes. You can refinance an existing home loan under the My1 Full Flexi Home Loan.Q. Is buying an insurance policy mandatory?
A. Buying a mortgage reducing term assurance/mortgage reducing term assurance is optional. However, buying a fire insurance or house owner policy is compulsory.