RHB Home Loan Flexi Loan


New Base Rate

4.55%(BR + 0.80%)

Bank Interest Rate

3 years

Lock In Period


Monthly Repayment

Is a RHB Home Loan Right for Me?

RHB offers two simple home loan packages: the first of which is the My1 Flexi Home Loan which is a semi-flexi package that allows you to make convenient payments in excess of your fixed instalment amounts. This particular RHB housing loan allows you to make excess payments on top of your regular monthly instalments. Besides, you can also redraw the excess payment paid in their loan account during the tenure of the loan via RHB housing loan product. There is no linked current account, so a redrawal request (and an RM50 fee) will be needed to withdraw any extra repayments made in the past. The instalment amount should be within 40% of salary for this particular RHB mortgage loan product. Check out the RHB housing loan calculator as reference.

The My1 First Home Loan is offered in compliance with the My First Home Scheme (Skim Pinjaman Rumah Pertamaku) which was initiated by the government. RHB Home Loan comes with a lock in period of 3 years. When you’re planning to make an early full redemption and complete your loan repayment within this period, you can expect to pay a penalty fee of up to 2% on your outstanding loan amount. The settlement fee is comparatively low against the majority of other Malaysian banks. For this RHB housing loan, the minimum loan amount is RM100,000 exclusive of MRTA. If you are uncertain about how much you need, you can estimate the amount through RHB housing loan calculator to incorporate the special low RHB housing loan rate. Besides, there’s another RHB housing loan calculator to determine your affordability. These RHB loan calculators are provided to ensure you have the sufficient money.

The highlight of this RHB bank home loan products is you can enjoy special RHB housing loan rate for properties above RM400,000. Upon request, you can also get special low RHB housing loan rate. RHB mortgage loan packages come with maximum loan tenure of up to 35 years, or until the borrower reaches the age of 70. The My1 Flexi Home Loan can offer up to 90%+5% financing including the purchase of an MRTA policy from Tokio Marine Insurance, RHB’s insurance partner. The My1 First Home Loan offers 100% financing. This RHB mortgage loan can be paid via deduction from your monthly salary.

What Documents Will I Need to Prepare?

If you have applied for a RHB Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

* Application Form

* NRIC / Identity Card

* Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer

* Copy of Individual Title Deed

* Property Valuation Report (for completed properties)

* Latest 3 consecutive months of salary slips / vouchers

* Latest 6 consecutive months of commission statement

* Latest EPF statements (with 3 consecutive months or more transaction history)

* Latest EA form

* Latest 6 months Bank Statement

* Letter of Confirmation of Employment and Remuneration