What is the RHB Smart Move Balance Transfer?
You can extend the repayment of your outstanding credit card balance from other banks by up to 3 years! With RHB Smart Move Balance Transfer, you get to save money while clearing your remaining credit balance.
For new-to-bank customers, get attractive interest rates ranging from 4.88% p.a. to 6.88% p.a., valid until 31 December 2026.
The minimum transfer amount is only RM1,000, while the maximum amount should be 80% of the available credit limit.
Refer to the table below for the full breakdown of the interest rates.
|
Tenure
|
Interest Rate
|
Minimum Transfer
|
|
6 months
|
4.88% p.a.
|
RM1,000
|
|
12 months
|
4.88% p.a.
|
RM1,000
|
|
24 months
|
5.88% p.a.
|
RM1,000
|
|
36 months
|
6.88% p.a.
|
RM1,000
|
Can I skip my monthly instalments?
You should exercise caution in meeting your financial obligations, as skipping even a month on your monthly instalment will cost you not only a prevailing interest charge of 18% p.a. on your outstanding balance but also a 1% fee (or a maximum of RM100, whichever is higher) for late payment on your balance transfer account.
That's not all, late payment can also reflect poorly on your credit history, as captured in the CCRIS / CTOS, which could potentially affect your loan application.
Are there any fees when I settle my debts early?
Luckily for you, there is no early settlement fee with RHB Smart Move Balance Transfer. So you can always settle your outstanding balance if you find enough cash on hand.
