,.

This post has been edited by toos99: Apr 3 2022, 03:58 AM

After paying monthly principle prepayment for RHB flexi loan, when the interest reduction will take into effect?

Calculated daily, monthly or annually Or only when they revise the interest rates?

I supposed it is fire insurance which is required to purchase every year.
If you do not get fire insurance from other companies, the bank itself will buy on-behalf and charge under your Loan.
I noticed this too first 2 yrs, and since then i bought from other insurance company, I need to issue the cover sheet to proof I purchase one and email to their customer service.
Since then I do not see any reduction anymore.
So if you have additional money in the loan, i believe it will minus off, otherwise it will increase your principal (i think).

Anyhow, I'm also confuse with the option "Advance Payment vs Prepayment Principal" for Semi Flexi.
I see some say it reduces the principals but why 2 options?
Advance Payment - reduces principal and can redraw money out through counter/write-in?
Prepayment Principal- reduces principal but cannot redraw money at all?

Anyone knows?


This post has been edited by coolwave81: Apr 15 2020, 03:13 AM

One is your usual monthly loan mortgage payment, the other is to pay down specifically your principal.

One is a must pay every month, another is optional.

Hi. How can I withdraw the excessed amount which I have paid during construction period? The loan is fully disbursed, I can't find any way to redraw the amount from the site.

Any idea if we withdraw EPF to help prepay loan, when we need the money can we withdraw it back from the RHB housing loan?

yes can

Recently i signed RHB full flexi housing loan and the officer told me that i need to go to rhb bank open a saving account with rhb within 2 week

Is there any better convenient way to open saving acc via online ? Not sure why officer never open saving acc together after i signed on the full flexi loan

prepay during cons period, as i know cant withdraw as banker said, it will use to off set interest, only release full amount, any prepay only can withdraw under withdraw bucket

paid to loan account, then it will show at loan redrawal, u can transfer out to rhb saving

if i prepay during cons period. eg. 100k.
After full disbursement, then i can start withdrawing portion of this 100k?

During Con period it cant, it does nothing and it will just use all to settle ur interest. you better pump in 100k after ur loan full release, becoz it can use to offset interest and you can withdraw it out. anything u see inside withdrwal bucket on your account only can taken out. i been try during con period put extra, it wont reflect, it will just hold in system and deduct the interest charge during con period

This post has been edited by waitiong: Dec 9 2021, 12:00 PM

Hi, previously I have transferred some money into my RHB loan account via RHB Now to reduce interest.
But now I can't seem to withdraw it through RHB Now. Can anyone help me?

Apps function very limited, maybe cant do it.
Able to do it via website
go Menu> Fund transfer > Own Account > Loand Redrawal

Hi, I am in the similar situation- Islamic FullFlexy house Loan with RHB. My first payment due this May 5. Previously they have asked me to open RHB savings for the purpose of Loan disbursement. And I believe they will auto deduct my monthly payment from this accounts. I have some cash now and would like to use it to take advantage of interest (reduction?). My question is do I just transfer the cash into the savings account and that is it? or do I need to inform the bank of my intention to use it as principle prepayment? I am afraid if I bank in the cash (lets say 50K), the bank might think i would like to pay 50k for the next monthly payment. Thanks in advance guys.

FAQs on Prepayment Charges On Housing Loan
https://www.abm.org.my/faqs-loans-and-lending



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Maybank, RHB Banking Group to increase BR, BLR by 25bps | The Edge Markets

Maybank said it will revise upwards its rate effective May 13, while RHB will be doing so on May 18, according to their respective statements.

Maybank noted its BR will be raised from 1.75% per annum (p.a.) to 2% p.a. while its BLR will be revised from 5.4% p.a to 5.65% p.a.

Similarly, Maybank's Islamic BR and base financing rate (BFR) will be increased by 25bps from 1.75% p.a. to 2% p.a. and from 5.4% p.a. to 5.65% p.a. respectively.

...

Meanwhile, RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase BR from 2.5% p.a. to 2.75% p.a., and will also revise the BLR and BFR from 5.45% to 5.7% per annum, respectively.


CIMB increases rates by 25bps effective May 18 | The Edge Markets

KUALA LUMPUR (May 12): CIMB Bank Bhd and CIMB Islamic Bank Bhd will effect a corresponding 25-basis-point (bps) increase in their base rate and fixed deposit/fixed return income account-i board rates effective May 18.

This post has been edited by cybpsych: May 12 2022, 12:24 PM

How to find it in new RHB website?

only in old website, new website not supported yet

anyone can advise if previously i have put in amount into principal prepayment but would like to know how much balance in it