RHB My1 First 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
    • Term loan
    • Floating Interest Rate
    • Up to 100% margin of finance
    • 30 days approval
  • You BorrowEstimated Interest Rate
    RM30000 - 5000003.60% p.a.

    *Effective interest rate will be determined by RHB upon approval.

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
Not Applicable
Processing Fee
No Fee
Early Settlement Fee
Redemption Letter Fee
RM50.00 per request
Letter for EPF Withdrawal Fee
RM20.00 per request
Cancellation Fee
1% on total approved amount
Insurance Types
  • Fire Insurance
  • Fire Takaful
  • MRTA
  • MRTT


Are you eligible for this RHB home loan?

Minimum annual income
Minimum age
21 years old
Maximum age
40 years old
Who can Apply
  • Malaysians
  • First time home buyers
  • Salaried employee

Frequently Asked Questions about RHB My1 First Home Loan

Things you might want to know

Calling all first time home buyers! Part-finance the purchase of your first home with RHB My1 First Home Loan to unlock the benefits of competitive interest rate, zero processing fee and high financing margin up to 100%.

Tell me more about RHB My1 First Home Loan.

RHB My1 First Home Loan is part of the Malaysian government program that encourages home ownership among youth through affordable national home loan schemes. You can obtain up to 100% financing from RHB through this home loan, skipping the 10% down payment from your pocket!

You can purchase any types of residential properties (landed, condominium, serviced apartment etc), whether it is under construction or completed, provided that the property value must be between RM100,000 to RM500,000.

This term home loan facility is based on variable interest rate and is fixed throughout the tenure of up to 35 years.

Do I need insurance coverage for 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.

Who is eligible to apply for this RHB home loan?

This affordable home loan scheme is open to all Malaysians aged 40 years and working in the private sector only. 

For single borrower, your gross monthly income should not exceed RM5,000, whereas for joint borrowers, the maximum gross income should not be more than RM10,000 per month. 

The total financing obligations for single and joint borrowers must not be more than 60% of their combined net monthly income.

What are the fees and charges applied?

This RHB My1 First Home Loan package has a transparent fees and charges structure from the beginning. You don't need to pay for the home loan processing fee and early settlement. Just think twice before cancelling your home loan as 1% of the total approved amount will be charged.

What documents I need to prepare for this RHB home loan?

Property documents:

Copy of Sale and Purchase Agreement or Booking Receipts

Salaried employee:

  • Copy of your NRIC or passport
  • Latest 3 months salary slip
  • Latest 3 months salary crediting statement
  • Latest EPF statement
  • Latest BE Form + Tax payment receipt

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