RHB

RHB My1 Full Flexi Home Loan

A flexible mortgage plan allows you enjoy interest savings by depositing extra money and withdraw excess cash anytime at zero costs. Suitable for new purchase and refinancing!

    • Up to 35 years
    • Full-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
  • You BorrowEstimated Interest Rate
    RM250000 - 4000004.60% p.a.
    RM400001 - 6000004.55% p.a.
    RM600001 - 10000004.50% p.a.
    RM1000001 - 20000004.40% p.a.
    more than RM20000014.35% p.a.

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

Apply online now for RHB My1 Full Flexi Home Loan

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our terms & conditions. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for RHB My1 Full Flexi Home Loan

To help you better we need to know a little bit more about your application.
Confirm your application

Oops. We can't seem to get a quote for you for a while there. Please click "Get Quote" again.

Please fill in all fields and enter a valid email

Thank you for applying with RinggitPlus!

We’ve sent you an email to help with your application.

Continue to RHB website

If you have any questions let us know at can@ringgitplus.com, we'd love to help!

Follow us to keep in touch and not miss out on offers and promotions.

View product disclosure sheet.

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
No Fee
Processing Fee
No Fee
Monthly Fee
None
Early Settlement Fee
1% within 3-year retention period
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
  • MRTA
  • MRTT

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this RHB home loan?

Minimum annual income
RM18000
Minimum age
18 years old
Maximum age
70 years old
Who can Apply
  • Any nationality
  • Salaried employee
  • Self-employed

Frequently Asked Questions about RHB My1 Full Flexi Home Loan

Things you might want to know

Tell me about RHB My1 Full Flexi Home Loan.

My1 Full Flexi Home Loan by RHB is based on a floating interest rate, which is pegged to the movement of RHB’s benchmark lending rate. What makes this home loan so flexible is, (1) its linkage to a Current Account, and (2) with interest rate that is calculated on daily rest. 

This flexible home loan allows you to make extra payment on top of your monthly instalment as well as partial prepayment at a multiple of RM1,000 to reduce interest costs and principal outstanding. Ultimately, you will shorten your home loan tenure faster than you think!

Subject to credit check and approval, RHB can provide up to 90% margin of financing to purchase your house, completed or under construction. If you prefer to move into the new house at zero cost, you can throw in another 5% to let RHB covers for MRTA, legal and valuation fees. 

Can I withdraw excess money paid into my home loan account?

Absolutely and at zero cost. But, in order for you to be able to access that piled up cash deposited into your home loan account, you need to make additional payment on top of your monthly instalment. 

For example, if your monthly instalment amount is RM1,000 and you have been consistently topped up extra RM500 over 12 months or so period, you will be able to withdraw that additional payments anytime you want it. 

But remember, there a difference between making additional payment and prepayment. For the latter, you cannot withdraw part of the money deposited as you are redeeming (partially or fully settled) the home loan.

Are there fees and charges I should be aware of?

This RHB 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, monthly maintenance fee and cash withdrawal fee. 

There are some penalties you should be aware of, nonetheless. These are the late payment fee, home loan cancellation fee and an early settlement fee within 3-year lock-in period.

Can I add any insurance plan to it?

You are advised to take up Mortgage Reducing Term Assurance ( MRTA) just by adding 5% to your financing margin. This insurance policy will cover you in the event you are not able to commit your monthly instalment due to fatality or permanent disability. 

Fire Insurance, however, is compulsory to every home owner and this insurance cost usually is borne by RHB.

Am I eligible to apply?

Let’s check: If you are 18 years old and above, holding an NRIC, permanent resident status or valid passport, then, you are eligible.

What documents I need submit together with application form?

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

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

Read More