Just saw my loan current rate increased 10 basis points and checked their website.

https://www.rhbgroup.com/others/rates-interest/index.html






Summary of BR change after OPR lowered
1. MBB : -0.2%
https://www.thestar.com.my/business/busines...rates-by-20bps/
2. Bank Islam : -0.26%
http://www.bankislam.com.my/home/assets/up...x2_20190509.pdf
3. CIMB : -0.25%
https://www.thestar.com.my/business/busines...-after-opr-cut/
4: RHB : -0.2%+(-0.05%)
https://www.thestar.com.my/business/busines...tes-by-0pt2pct/
5: OCBC : -0.25%
https://www.nst.com.my/business/2019/05/487...ffective-may-13
6. HLB : -0.2%
https://www.hlb.com.my/en/personal-banking/...nd-blr-ifr.html
7. UOB : -0.25%
https://www1.uob.com.my/personal/announcement.page
8. HSBC : -0.23%
https://www.hsbc.com.my/content/dam/hsbc/my...ending-rate.pdf
9. PBB : -0.25%
https://www.pbebank.com/Personal-Banking/Ra.../Base-Rate.aspx
10. Ambank : -0.25%
https://www.ambankgroup.com/DataFeed/Rates/BR.aspx

This post has been edited by lkwah86: May 16 2019, 10:46 AM


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and then ? whats the problem?

pay more installment kot~~~

and then why create a topic here? waiting for mod to closed your topic izzit?

Sad ... economy not good yet increase non stop

Is not the first bank doing so.

Few banks increased the rate (even when BNM rate remain unchanged). 
Notably: 
- CIMB, the first to do so, increase by 0.10%
- Bank Muamalat, increase by 0.11%
- RHB Bank, increase by 0.10%
- Hong Leong Bank, increase by 0.10%
- UOB, increase by 0.11% 
- Bank Islam, increase by 0.13% 

No any clear guideline to predict whether the remaining other banks will follow suit or not, since the OPR remain unchanged. 

thanks for the info.

take loan already, cannot do anything but bow to the bank's mercy.

I also notice the base rate increase from 3.9% to 4%. But the strange thing is my house instalment amount had reduce few hundreds. My installment should have increased instead of reduce.

This post has been edited by katrina8080: Apr 20 2019, 04:09 PM

Probably your loan tenure changed

Because u r overpaid for example u pay more than the monthly installment amount

Thanks for the reply. Didn't know overpaid on the principle will affect the installment amount. I thought it will just affect the loan tenure

And I think you have put some amount on the prepayment too...

yea. I do pay something extra. Now only know it will affect the installment amount when BR changed.

How much in term of percentage compare before and after?
let say last time u pay 1000 pm
now u only need pay 800 pm

My installment amount had reduced around 20% for now.

Its good for u as u can use the 20% for spending

question. how do you reduce the principal by paying extra? do you transfer straight into the loan? because i know their loan payment works by standing instruction so they will take wat is needed only for the month from the account. all advice is appreciated thanks.

he pay as principal payment that why its will offset

Every month they will still deduct my installment amount as normal from my current account. Other than that, I paying extra by doing principal payment to reduce the principal loan amount. This will reduce my interest charged.

right. so how do you pay extra? that would be my question. as in before the next payment, do you transfer extra money into the loan account?and have you ever tried taking it out those amount you put in?

I paying extra by doing principle prepayment. It's actually transfer the $$ into the loan account.
Tried withdraw before for testing purpose only. It can be withdraw.

many thanks on your help.

u using which package mortage?

something like Flexi Home. I just remember it is a full flexi package.

Yes, better to put your money to prepayment, every 1k count...

withdraw when you need the money only

Bank Negara announced to reduce BR 25 basis points, hope RHB will follow

mine also rise until 5.2% (previously 5.1%) asb loan but BNM was just announced cut interest rate again today. Not sure whether ASB loan will drop or not next month. If base on the newspapers say reduce 0.25%, will my asb loan drop till 4.95%?

This post has been edited by junclj: May 7 2019, 05:31 PM

My mortgage loan also got increased.

I think it will take time for RHB to readjust it's rate following BNM's OPR change today, so I think will need to pay the extra monthly amount for few months at least

RHB cost of funding so high meh, borrow from ah long is it.

Rhb damn shitty. Last month increase now silent. I feel they will drop only 0.2
So net net no change

Yea, RHB now still silent...
Maybank already announced yesterday they will drop by 0.2.

They are follower. Maybe waiting for pbb, cimb, and hlb before decides.

1. MBB : -0.2%
https://www.thestar.com.my/business/busines...rates-by-20bps/
2. Bank Islam : -0.26%
http://www.bankislam.com.my/home/assets/up...x2_20190509.pdf

Just noticed this thread. My total loan tenure & monthly installment didn't change at all when TS opened this thread (when the rate went up?) and also when it goes down few days ago.

Anything that I need to check?

RHB rate not yet went down since last week

Your housing loan is flexi? you should have receive letter for the installment changed from RHB

3. CIMB : -0.25%
https://www.thestar.com.my/business/busines...-after-opr-cut/

Please give pressure to RHB to decrease the rate

1. MBB : -0.2%
https://www.thestar.com.my/business/busines...rates-by-20bps/
2. Bank Islam : -0.26%
http://www.bankislam.com.my/home/assets/up...x2_20190509.pdf
3. CIMB : -0.25%
https://www.thestar.com.my/business/busines...-after-opr-cut/

This post has been edited by cfc: May 12 2019, 11:57 AM

Flash: RHB lowers BR, BLR by 20bps to 3.8pct, 6.75pct respectively today

https://www.theedgemarkets.com/article/rhb-...llowing-opr-cut

This post has been edited by cybpsych: May 13 2019, 04:51 PM

IMPORTANT NOTICE: Effective 15 May 2019, our Base Rate (BR) will be at 4.00%* p.a., Base Lending Rate (BLR)/Base Financing Rate (BFR) at 6.85%* p.a. and Fixed Deposit (FD)/Fixed Return Income Account-i (FRIA-i) Board Rates will be reduced by 0.25%* p.a.

For more information, log on to www.cimbbank.com.my or www.cimbislamic.com.my. You may also call our Consumer Contact Centre with the below numbers:

- For Individuals: +603 6204 7788
- For Preferred: 1300 885 300
- For Companies: 1300 888 828

*Note: Rates are subject to change from time to time.

FAQ >> https://www.cimbbank.com.my/content/dam/cim...Q_15May2019.pdf

4: RHB : -0.2%
https://www.thestar.com.my/business/busines...tes-by-0pt2pct/
5: OCBC : -0.25%
https://www.nst.com.my/business/2019/05/487...ffective-may-13
6. HLB : -0.2%
https://www.hlb.com.my/en/personal-banking/...nd-blr-ifr.html

This post has been edited by lkwah86: May 14 2019, 10:58 AM


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Login and see still not yet update %. I have few question wanted to ask

1) i wonder why BMN said reduce 0.25% but some bank only reduce 0.20%
2) Anyone here know how to withdrawn from principle account? need to walk in or?
3) i tried..deposited RM1000 into principle account..but they do charge RM0.50 as assessment fee.. it will become RM999.50. Which mean not multiple x1000


This post has been edited by BlackPen: May 13 2019, 07:00 PM

1) This rate is set by the banks themselves without any intervention from BNM and is dependent on the respective banks’ benchmark (internal) cost of funds and liquidity. Although the BR is highly dependent on the OPR where banks will benchmark their Base Rate against the Statutory Reserve Requirement (SRR), banks can revise the Base Rate anytime even if there are no changes to the OPR. https://www.iproperty.com.my/guides/what-to...-home-loan-faq/

2/3) what housing loan you applied? My1 Full Flexi Home Loan?

This post has been edited by lkwah86: May 13 2019, 07:17 PM

Any idea when it will be in effect after announcement by RHB?

https://av.sc.com/my/content/docs/board-rat...m-deposit-i.pdf

Yes, my1 full flexi plan.

mine already reflected, my home loan payment page shows the new interest rate

Yes TQ. Checked this morning and new rate has been reflected.

Should have no charge.
You deposited as prepayment right?
Did your current account maintained RM1000 above?



This post has been edited by lkwah86: May 14 2019, 11:09 AM


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2) RHB website can do Loan Redrawal

This post has been edited by lkwah86: May 14 2019, 11:17 AM


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RHB is lowering BR/BLR by another 0.05% effective today.. probably due to pressure from above

This post has been edited by Havoc Knightmare: May 15 2019, 10:35 AM

what if i bank in rm1000 and deduct the assessment fees of RM0.50

which mean not x1000 right? (RM999.50)

unless have to bank in RM1050 only entitle of x1000

any news on this???

so from 6.7% to 6.65% ?

6.75% to 6.70%.

Check your prepayment account balance... check in loan redrawal

still can't find any news about further adjustment

This post has been edited by skl097: May 15 2019, 03:21 PM

1. MBB : -0.2%
https://www.thestar.com.my/business/busines...rates-by-20bps/
2. Bank Islam : -0.26%
http://www.bankislam.com.my/home/assets/up...x2_20190509.pdf
3. CIMB : -0.25%
https://www.thestar.com.my/business/busines...-after-opr-cut/
4: RHB : -0.2% or -0.25%??
https://www.thestar.com.my/business/busines...tes-by-0pt2pct/
5: OCBC : -0.25%
https://www.nst.com.my/business/2019/05/487...ffective-may-13
6. HLB : -0.2%
https://www.hlb.com.my/en/personal-banking/...nd-blr-ifr.html
7. UOB : -0.25 -- new rate 15 May 2019, still among the highest 6.82% BLR, AVOID
https://www1.uob.com.my/personal/announcement.page
8. PBB : -0.25 new rate 10 May 2019
https://www.pbebank.com/Personal-Banking/Ra...nding-Rate.aspx

This post has been edited by cfc: May 16 2019, 07:33 AM

Ask in RHB Group FB and was told reduction to 3.75% (reduce 0.25%). They had announced reduction of 0.2% (not 0.25%) in newspaper earlier. Lol



This post has been edited by katrina8080: May 15 2019, 08:11 PM

I cannot disclose, but internal sources from the bank as of this morning say that BR and BLR are lowered by another 0.05% effective today.

You can verify by logging in and check your mortgage rate.

This post has been edited by Havoc Knightmare: May 15 2019, 05:47 PM

loan redrawal shown rm1000..so the rm0.50 assessment fees is deducted thru my saving?

You may compose an email to RHB in the website to help you to check

This post has been edited by lkwah86: May 16 2019, 12:57 AM

Ok earlier this week my homeloan interest rate dropped from 4.5% to 4.5%. As of yesterday, went further down to 4.25%. So the further 0.05% drop is correct

tats a good rate u got from rhb
mind to share what is the loan amount?

yeah... today reflect in online banking further drop another 0.05%...

Quite long time ago, 2014 I think. RM444k (including MRTA). BLR - 2.45%.

Log into UOB account, seems my monthly payment for the house loan still the same amount. They didn't revise lower pun...

revise after due date I guess

https://www.rhbgroup.com/others/highlights/...y_19/index.html

when rhb increase BLR rates in april, any other bank increase too?

usually BLR will tie to OPR. BR will be based on SRR. since no OPR raise in apr not sure why rhb decided to increase BLR.

Is rhb the only bank where the installment amount will change as the loan interest rate changes?

Cause maybank installment amount doesn't change when interest rate changes..

depends

usually no change to installment amount.

my cimb home loan also no change. rate already dropped.

My monthly installment amount haven't change although the rate went down, two times. Even the total tenure is also the same.

Unlike last time, got change even it's not that much.

Dunno what is happening now.

I got 2 letters, one after they increased the rate and one after they reduced to the current rate. Both installment amount is different

I haven't received any letters in a longggggggg time now

My indication of installment amount, interest rate & total\remaining tenure is just on the RHBnow website.

This post has been edited by jimbet1337: Jun 6 2019, 06:30 PM

I received the letter, installment amount reduced.

Damn. I'll call them on Monday

Anyone can help me how to know/get my RHB car loan account number. Already knew pay with car registration number but really want to know my loan reference number.

get RHB online banking

As of feb03



This post has been edited by cfc: Feb 4 2020, 06:45 PM

Blr drop. But inatalment amount still maintain.. Apa la this rhb bank

My instalment amount reduced...

Why the difference? Certain type of loans only?

what is ur type of housing loan?

Flexi loan...

I think is semi-flexi. Conned by the agent last time. Told me flexi loan. End up is 'semi' -flexi.. Too late to change

But why double standard? My loan repayment still same amount as can see from the portal

Received letter?

So only flexi loan eligible for reduction?

Last time I also received letter if there's any adjustment to the rates. That was 3-4 years ago. Recently (1-2 years ago) no more.

The last time BLR dropped, installment also reduced. This time, no. Semi here also.

Not yet, i saw in online banking