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.|
|Stamp Duty Charges||As per the Stamp Act 1949 (revised in 1989)|
|Legal and Disbursement Charges||As per the bank’s discretion|
|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|
|Income Criteria||Per month household income of RM2,500 to RM15,000|
|Purchase Price||Minimum: RM100,000 Maximum: RM400,000|
|For Salaried Applicants||
|For Self-employed Applicants||
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.
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.