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.

RHB My1 First Home Loan
Up to 35 years
Interest Rate
from 4.1% p.a.
Loan type
Term loan
Interest Type
Floating interest rate
Margin of finance
up to 100%
Approval in
30 days

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
RM30,000 - RM500,0004.1% p.a.
*Effective interest rate will be determined by RHB upon approval.


Minimum Annual Income
Minimum Age
  • 21 to 40 years old
Who can apply
  • Malaysians
  • First time home buyers
  • Salaried employee

Fees & Charges

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
Not Applicable
Processing Fee
Early Settlement Fee
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Cancellation Fee
1% on total approved amount
Insurance Types
  • Fire Insurance
  • Fire Takaful
  • MRTA
  • MRTT

More Information

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 of 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 type of residential property (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 a 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. A 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 between 21 - 40 years and working in the private or public sector. 

For single borrowers, 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 do 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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