• Home Loan BYTES FROM OUR KITCHEN

    RHB Home Loan

    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.

    Interest/Profit Rates

    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.

    Fees & Charges

    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.
    Processing Fee RM212
    Cancellation Fee 1% of the total approved loan amount.

    Eligibility Criteria

    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

    Documents Required

    • For Salaried Applicants:
      • A photocopy of NRIC (both sides).
      • Latest EPF statement.
      • Copies of the last 3 months’ salary slips.
      • Last 3 months bank statement from the salary crediting account.
      • Latest BE form with tax payment receipt.
      • Booking receipt, or
      • Sales and purchase agreement.
    • For Self-employed Applicants:
      • Copies of both sides of NRIC.
      • Current account statement for the 6 latest months.
      • Sales and purchase agreement or booking receipt.
      • Latest form B with the tax payment receipt.
      • For sole proprietorship and partnership: Borang A and D.
      • For Private Limited Companies: Form 24 and 49.

    How To Apply

    • Offline Application: You can apply for the RHB Home Loan at the nearest RHB branch. You can also put in your request for the same telephonically via hotline or customer service numbers of the bank.
    • Online Application: You can also approach the RHB Home Loan application via the official web portal of the bank. You need to fill out the RHB Home Loan application form available online with required details and submit it along with all the supporting documents.

    Types Of RHB Home Loan

    • My1 Full Flexi Home Loan: With flexible repayment tenures and facility of redrawing, the My1 Full Flexi Home Loan provides customers with up to 90% financing margin.
    • My1 First Home Loan: The My1 First Home Loan package is designed for first-time home buyers. The facility provides customers with up to 100% margin of financing for purchase of residential properties.
    • Skim Pembiayaan Fleksibel (SPEF) PR1MA: The Skim Pembiayaan Fleksibel PR1MA package offers a high financing range with up to RM400,000 to single as well as joint PR1MA home purchasers.

    Features & Benefits

    The features and benefits associated with RHB Home Loan are as follows:

    • You can get a high margin of financing with RHB Home Loan with a maximum of 90% to 100% margin of financing.
    • Depending on the type of package, you can even get financing for MRTA.
    • The loan facility allows you to prepay the loan amount or redraw at any time during the loan facility period.
    • The loan tenure can be extended up to 35 years.
    • You can apply for the loan individually as well as along with partners.
    • The minimum amount that can be applied through this facility is RM30,000.

    Contact Number

    You can contact the bank through the following helpline numbers for more information on RHB Home Loan:

    • West Malaysia and overseas: 03-9206-8118
    • East Malaysia: 082-276118

    FAQ's

    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.

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