Now my house loan is under RHB bank, can i change it to Public Bank?

Can. It is called Refinance. Why the change? lower interest?

But check with RHB how long is your contract period. Normally it is 5 years. Meaning if within that 5 years, you settle your loan with RHB, u get penalty. The rest the same as buying a new house. S&P, lawyers, etc etc.

Either you are talking about Refinancing or 2nd Charge?

Banks normally don't take 2nd Charge except Refinancing.

If Refinancing, check your Letter Offer from RHB to confirm on penalty clause.

If its because of lower rate, u can actually write a letter to RHB requesting for a revised loan rate since the offers from other banks is lower, assuming u got good track record in repayment. Then compare the revised rate by RHB w PBB's rate and consider the penalty. See which one is better off. Also consider ur conveniences w doing ur banking stuff.

may I know are there any banks that do not charge a penalty after settling a loan before the loan period ends?

most banks only charge a penalty fee if you settle the loan within the first five years, and if you settle it anytime after that the penalty is no longer valid.

oh..tks

It depends on what loan package you take. There are loan package that do not have lock in period. Of course, the interest rate is slightly higher.

Insurance company that offers home loan also do not have the early settlement penalty.