Can view from loan redrawal or from the mobile app

Available on the new website as well, for the old website, you need click withdrawal to view the available amount.

hi, have anyone received the revision of monthly instalment letter from RHB (1/11/2022)?

I plan is full-flexi and understood from letter and the RHB counter person, RHB going to change the plan? Now the instalment amount only based on the Loan balance exclude the redrawal amount, if u going to reduce the monthly instalment amount you need to pay out your redrawal amount otherwise its only auto deduct the monthly amount from ur redrawal amount.
means redrawal amount cannot reduce the monthly instalment amount already (no interest), only can pay out or let it auto deduct.

correct me if im wrong.

Yes I received the revision statement in Nov effective Dec which was a drastic increase of about RM1k per month almost equal to my original instalment when I signed up for the loan. Not sure how they calculated the amount.

Based on original loan amount. No more based on remaining balance after minus the extra cash

Ahh damn. In that case the only benefit in pumping cash is to save interest charges monthly only.

Yes, but with monthly payment back to original amount, we can't top up close to ending balance also. For example, i have 50% of loan amount already pumped in. With the new payment amount, i will finish the loan in next 7 years.

So long story short.. before the loan amount is fully disbursed by the bank (during construction period), the only way to reduce the loan interest is by pumping money into the loan account (redrawal bucket). Any funds that were pumped into the redrawal bucket of loan account cannot be withdraw before the loan is fully disbursed.

anyone know the new rhb online banking website have the loan redrawal function edi? Since the RHBnow gonna obsolete soon...

this function is yet port over to new website and they are closing old one

yep, thats why asking.....later all funds stuck inside loan cannot take out via new website then GG

One more month until closing if the website announcement is accurate. Until now still no redrawal function in the new RHB website.

auto full flexi become semi flexi

i did the same mistake
maybe should add a no redrawal notification if pumping into non-fully disburse loan..

This post has been edited by 47100: Feb 28 2023, 03:43 PM

Does anyone know how to set recurring payment for the new RHB website?

It's so shitty.

i still not able to withdraw access payment paid to principal prepayment and no update of the amount. how u all solve it?

why you never bother to call and ask the bank directly?

you sure paid to principal? usually advance/exess payment, you need to inform bank to deduct it from principal, else it'd be just float there as monthly installment.

I tried asking branch but they couldnt really help me. untrained staff i guess just say RHB is like that. need to redraw from branch.

I thought principal prepayment is already to deduct from principal? still need to inform bank? then what is the purpose? might as well just pay under regular installment?

just call and ask bank

Managed to speak to bank. need to go branch set standing instruction for auto deduct of monthly payment from saving account.

Then they will set the redraw button and live update of additional amount in the housing loan.