RHB Bank My1 First Home Loan

RHB Bank My1 First Home Loan scheme is for first-time owners and it allows homebuyers to obtain up to 100% financing. This is in line with the Government aspirations to enable young adults to own their 1st home.

Features

• Financing margin up to 100%.

• Minimum loan size of RM100,000 (inclusive of MRTA)

• MRTA is optional

Eligible Property:

• Residential properties located in Malaysia

• Minimum property value of RM100,000

• Maximum property value of RM400,000

• Owner occupied (buyers are required to reside in the property)

Eligibility

• Malaysian citizen

• First time home-buyer

• Individuals up to age 35 years

• Single borrower gross income not exceeding RM3,000/month

• Confirmed employee with minimum employment of 6 months with same employer

• All outstanding debt repayment obligations from banks and non-banks (including those not covered by CCRIS) must not be more than 60% of the net monthly income

Financing Requirements

• Amortizing facility only (no redraw features)

• Installments payable via monthly salary deduction or standing instruction

• Savings record (3 months installment liquidity reserve)

• Compulsory Fire insurance / takaful


NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please call RHB Contact Center Tel: +603 9206 8118, or visit the nearest RHB Bank / RHB Islamic Bank branch today.

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