RHB Home Loan is a house financing facility by RHB that offers you a high margin of financing for house purchase at competitive interest rates. You can choose from a wide and flexible range of repayment tenures with this facility.
The following are the interest rates associated with RHB Home Loan:
|Loan Tenure||Interest Rate||Effective Lending Rate|
|Up to 35 years (My1 First Home Loan)||(BR + 1.10)% p.a.||4.75% p.a.|
|Up to 35 years (My1 Full Flexi Home Loan)||(BR + 1.00)% p.a.||4.65% p.a.|
|Up to 35 years (My1 PR1MA Home Loan)||(BR + 1.10)% p.a.||4.75% p.a.|
Note: Current BR (Base rate) = 3.65% p.a.
The following table contains the fees and charges associated with RHB Home Loan:
|Stamp Duty||As per the Stamp Duty Act 1949.|
|Late payment charges||1% p.a. of the amount in arrears.|
|Cancellation Fee||1% of the total approved loan amount.|
|Nationality Criterion||Malaysian citizens and Non-residents|
|Age Criteria||Minimum age: 18 years Maximum age: 65 to 70 years (depending on the plan)|
|Income Criteria||For individual applicant: RM5,000 or below (For My1 First Home Loan) For joint applicant: RM10,000 or below (For My1 First Home Loan) For Skim Pembiayaan Fleksibel (SPEF) PR1MA: Between RM2,500 per month to RM15,000 per month|
The features and benefits associated with RHB Home Loan are as follows:
You can contact the bank through the following helpline numbers for more information on RHB Home Loan:
Q. Am I required to take insurance with RHB Home Loan?
A. Yes, it is compulsory to take the Mortgage Reducing Term Assurance (MRTA) with the RHB Home Loan. Also you are required to take the Fire Insurance/House Owner Policy with the loan.
Q. How much loan amount I can get with Skim Pembiayaan Fleksibel (SPEF) PR1MA?
A. You can get a maximum of RM400,000 with Skim Pembiayaan Fleksibel (SPEF) PR1MA.
Q. What is the redraw facility associated with RHB Home Loan?
A. The redraw facility allows you to withdraw funds from the loan for your personal use during the loan period.
Q. Can I fully pay the outstanding balance before the RHB Home Loan matures? If yes, is there a lock-in period for the same?
A. You are allowed to make an early settlement on your loan at any time during the facility period. The lock-in period may vary depending upon the loan package.
Q. I’m a 42 year old Malaysian citizen. Can I apply for the My1 First Home Loan?
A. No. Only the applicants who are younger than 40 years can apply for the My1 First Home Loan. But you can apply for the other packages under the RHB Home Loan.