Hello, I m having full flexi house loan with RHB bank, I m planing to put in 10k to the principal to deduct the interest, I can’t see online RHB on interest charge. on OCBC I can see it separate let say rm1000 instalment, it will show Rm800 is interest and RM200 pay to principal, but I can’t see it in RHB, is this need to go to branch to request detail stament? Or can do it online? Thanks for help.

from my own experience, you cant see it in the online banking apps and website
you only can see the interest charges details from yearly statements.

Paying principle do reduce the interest charges calculation and available for redrawal.
You will need to select Principal Prepayment when doing payment for this

This post has been edited by lkloon123: Jun 29 2024, 02:01 PM

Hi, can someone help me please?

I am trying to "Princical Prepayment" and after 1 month of the value in there, my monthly payment still remain the same as though the principal prepayment is not calculated to reduce the monthly payment.

May I ask when will the monthly payment be recalculated?

I called RHB call center they say the monthly payment will stay the same only the interest at the end will be reduced. Which I understand as the loan tenure will be reduced? How come RHB flexi loan works differently from like CIMB that I have been using so far?

Thanks in advance.

For additional principal payment, your Monthly payment will be the same, just tenure will be shorter.

Cimb also like that. Unless you are paying for advance payment, which basically means you pay upfront so it offset the next payment. But no benefits to you there since the interest paid would be the same

Thanks for your reply.
My CIMB full flexi the loan monthly installment changes and recalculated every month.

Meaning the loan tenure for CIMB stays the same regardless how much money I have in my current account. Just the monthly installment reduce due to reduction of interest rate.

If this case this Flexi Loan by RHB is not flexi at all.
Ugh…

Isn't the current account for interest reduction?
thought that additional principal repayment should be made to the loan account instead of the current account?

Current account yes for interest reduction. I use it for CIMB, monthly installment reduced. Loan tenure same.

No current account to tie with my RHB MY1 flexi loan.

For RHB, yes Principal prepayment is directly to loan account. Loan tenure will reduce and monthly installment maintain the same. No current account just a savings account where the money withdraw will go.

I hate this RHB product… I thought all flexi loans will be the same where tenure will not reduce.

Suggest you to double confirm the cimb calculation because im also using cimb, and even additional principal payment made, it does not reflect any changes in my monthly due payment.

Confirmed.
Must make sure we are taking about the same product.

CIMB I am using full flexi with current account. Current account will offset the interest and my monthly installment will vary from month to month. This is confirmed. Already like this for 5 years.

Edit: Nvm... I just read the website and PDS again. Looks like I signed a product which I thought all "Flexi loan" will act the same way but in this case, it's only prepayment to reduce loan tenure. No other options available. Thanks everyone for the help.

This post has been edited by LaiN87: Sep 29 2024, 10:26 PM