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RHB Skim Pembiayaan Fleksibel (SPEF) PR1MA

This home financing plan is offered to purchasers of residential units developed by PR1MA Corporation Malaysia. It provides 100% loan margin and offers affordable financing tenures.

Margin of Financing Up to 100% + 10% (including MRTA, legal fees, EPF Ring-Fencing fee, and processing fee)
Financing Tenure Maximum of 35 years or up to 70 years of age, whichever is earlier
Type of Properties Covered Residential units developed by PR1MA Corporation Malaysia
Type of Loan Flexi
Interest Rate (p.a.) BR + 1.10%
Effective Lending Rate 4.75% p.a.

Features and Benefits

  • Under this scheme, you can get a margin of financing up to 100% + 10%.
  • Convenient loan tenures of up to 35 years are available.
  • You can get a maximum financing of RM400,000.
  • The interest/profit will be calculated on daily rest basis.

Fees and Charges

Stamp Duty Charges As per the Stamp Act 1949 (revised in 1989)
Legal and Disbursement Charges As per the bank’s discretion
Processing Fee RM200
Ring Fence Processing Fee RM50
Administrative Fee RM20 (for resubmission to EPF for PR1MA housing withdrawal)
Cancellation Fee 1% of the approved loan amount (if the scheme is cancelled after receiving the Letter of Offer by the bank)
Late Payment Fee 1% p.a. on the unsettled instalment amount

Eligibility

Income Criteria Per month household income of RM2,500 to RM15,000
EPF Contribution Necessary
Purchase Price Minimum: RM100,000 Maximum: RM400,000

Documents Required

For Salaried Applicants
  • A copy of NRIC
  • Latest salary slips (for 3 to 6 months)
  • Latest salary crediting statement of your bank (for 3 to 6 months)
  • Latest EPF statement (as generated from EPF i-Akaun)
  • Latest tax payment receipt and BE Form
  • Sales and purchase agreement or the booking receipt
  • PR1MA Offer to Purchase (approval notice)
  • Previous housing withdrawal record as generated from EPF i-Akaun (if applicable)
  • Documents related to proof or sale or disposal of ownership of previous house (if applicable)
For Self-employed Applicants
  • A copy of NRIC
  • Latest EPF statement (as generated from EPF i-Akaun)
  • Borang A and D (for sole proprietor and partnership)
  • Form 24 and 49 (for private limited)
  • Latest tax payment receipt and Form B
  • Latest current account statement (for 6 months)
  • Sales and purchase agreement or the booking receipt
  • PR1MA Offer to Purchase (approval notice)
  • Previous housing withdrawal record as generated from EPF i-Akaun (if applicable)
  • Documents related to proof or sale or disposal of ownership of previous house (if applicable)

How to Apply

Online Application
  • Visit RHB’s official website.
  • Click on the Skim Pembiayaan Fleksibel (SPEF) PR1MA home financing package.
  • Click on ‘Apply Now’ tab.
  • Fill in the necessary details like your name, contact number, property type, and address.
  • Submit the form.
  • A bank representative will contact you.
Offline Application
  • Visit any nearest branch.
  • Collect an application form for the financing facility.
  • Fill in the application form with all compulsory details and submit it.

The RHB Skim Pembiayaan Fleksibel (SPEF) PR1MA is available for individuals as well as joint applicants. Therefore, if you are dreaming of a new home, this can be your go-to home financing plan.

FAQs

Q. What is the minimum amount of financing that I can obtain under this scheme?

A. You get a minimum financing amount of RM100,000 under this plan.

Q. Do I need to have a takaful cover?

A. Yes, it is compulsory to have a MRTA (Mortgage Reducing Term Assurance) or Mortgage Reducing Term Takaful (MRTT), and Fire Insurance.

Q. Where can I discuss my repayment related queries?

A. You can contact the RHB Bank Berhad representatives on 03-2610 6000.

Q. Is there any early settlement penalty for this financing plan?

A. The early settlement penalty is applicable as per the bank’s discretion, and based on the applicable lock-in period.

Q. Will a change in the base rate affect my monthly repayment?

A. Yes, your monthly repayment amount may vary as per the fluctuations in the base rate of the bank.  

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