I have a house loan with RHB and ive been trying to call their customer support for MONTHS but no one answers the freaking call! All i want to ask what is the difference between these 2 terms.

Payoff amount and Loan outstanding

Now this is what i see on my online account for example

Payoff amount: RM500,000
Loan Outstanding: RM490,000

Now if i want sell my house or do a full settlement to clear the loan, the amount i need to pay RHB bank to settle full payment is the "Payoff amount" right?

Base on the English understanding, i believe that should be correct right? Please correct me if i am wrong.

Reason why i am asking this is because i plan to sell my house and i want to know what is the full payment i need to cover from the selling price i sold.

Ahhhhh, in that case so i need to settle the "loan outstanding" only la. Cool thanks for that info!

Any one else can give feed back?

3 years ++ and i dont think got lock down as i took the flexi package. However ive been trying to call RHB to confirm but stupid call center just cant get through

Thing is i am at overseas now, because of the lockdown i cannot return to malaysia so it makes things super hard for me to deal with

Anyway i found this on the internet

https://ringgitplus.com/en/home-loan/RHB-My...#ReadMoreReview

Looks like i am being locked down to 3 years if not i kena 1%. Now i made my first installment back in June 2017. Now that i have reached 3 years as it is already July 2020. Does that mean i can escape from the lockdown period if i settle now or i must hit the 4th year ( Jun 2021) to enjoy the no lock down penalty?

You mean the real property gain tax right? No need to pay that until 2021 year end in light wit h the covid19 that PM8 said in early June.

As far as i know and i asked my property agent about this, they said its for all house sales, not just for residential land

This post has been edited by barney: Jul 8 2020, 11:14 PM

yeah i get ya point. Oh well, lets see how my this agent and potential lawyer will handle this. so far they said no kena la but lets see. the RPGT is not limited to the selling price right? If lets say above 1M selling price also will be exempted IF eligible

I spoke with one of my previous lawyer that was helping me as a house buyer. I told him about the RPGT exemption and they said its all talk only, no black and white by our gov yet. Even if you sell your house today lets say, you still kena the % RPGT.

I find that a little stupid la since PM8 already announce it effect starting June until year end 2021 got exemption, isnt that good enough for something the gov to draft out something simple? The lawyer said usually wiill take 2-3 months for the black and white to come out from the announcement made. Oh well, only way to know is to try out now