RHB My1 Home Loan (conventional)

Up to 35 years

Semi-Flexi loan

Floating Interest Rate

3 years lock in period

Up to 90% margin

30 days approval


Borrowing RM Monthly Repayment
RM


Profit Rate

%
How Long Year
max 35 Year
Flexi/Term Lock in Period Islamic or Conventional
All Flexi Term All Yes No All Islamic Conventional

RHB My1 Home Loan

Free processing and no monthly fees mean you can lower your home loan repayments and save money for the things you've always wanted to do.

    • Up to 35 years
    • Semi-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
    •  
  •  

You Borrow

Estimated Interest Rate

RM30000 - 500000

4.30% p.a.
  • *Effective interest rate will be determined by RHB upon approval.

 

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee - 1% p.a. of the outstanding amount

Withdrawal Fee - RM53.00 for each withdrawal

Processing Fee - No Fee

Early Settlement Fee - Subject to terms of agreement with bank

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Insurance Types - MRTA

*inclusive of 6% GST

 

Requirements

Are you eligible for this RHB home loan?

Minimum annual income - RM18000

Minimum age - 21 years old

Maximum age - 40 years old

Who can Apply - Any nationality

 

Frequently Asked Questions about RHB My1 Home Loan

Things you might want to know

 

What is RHB My1 Home Loan?

RHB My1 Home Loan offers a variable interest rate pegged to the Base Rate ( BR) providing you with a fully flexible mortgage - the Base Rate has replaced the BLR in early 2015. You can also make additional payments on top of your regular monthly installment to reduce your loan principal and save on the total amount of interest that you pay.

RHB will be able to finance your home purchase for up to 90% of your property's market value, for a maximum tenure of up to 35 years or age 70 whichever is earlier.

The RHB My1 Home Loan comes in three different flavours:

 

My1 Flexi Home Loan

This package allows you to pay extra cash against the principal. You can withdraw these extra payments at anytime during the loan (but you cannot withdraw money paid as normal monthly installments). There will be no lock-in period for this home loan plan!

 

My1 First Home Loan

This package offers 100% financing for those folks making their first few steps on the property ladder.

My 1 Revolving Home Loan

This package lets you pay extra money against the principal. You can withdraw money paid as a monthly installment or against the principal at any time.

 

Do I need to purchase any insurance with this mortgage?

Yes, you do. Fire Insurance policy is compulsory and the premium is payable once a year. If your loan amount is less than RM100,000, then MRTA is compulsory. If your loan amount is more than RM100,000 then MRTA is optional, but advisable.

 

What do I need to apply for this home loan?

If you are an employee earning a salary

A copy of Sale and Purchase Agreement or Booking Receipts
A copy of your identification card (front and back) or passport (first page)
Latest 3 months salary slip
Latest 3 months salary crediting statement
Latest EPF statement
Latest BE Form + Tax payment receipt

If you are self-employed

Sole Proprietor & Partnership – Form A & D
Private Limited – Form 24 & 49
Latest Form B + Tax payment receipt
Latest 6 months current account statement