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    RHB Malaysia Commercial Property Financing

    Malaysia is one of the financial centres of Asia and opening a business there can be very beneficial for any individual. The country offers great prospects to businesses and allows them to grow at a fast rate. If you have a good business idea and feel that opening a business in Malaysia can be a profitable decision, you can opt for a commercial property loan. This will help you to get the required finances for purchasing the commercial property of your choice. RHB is one such bank that can offer you with the money needed to purchase a Malaysian commercial property of your choice.

    Overview of RHB Malaysia Commercial Property Financing

    RHB is one of the top banks in Malaysia and the bank is also regarded as one of the premier banks in Singapore. It offers a variety of products in the country which include credit cards and home loans. The mortgage solutions from RHB Bank are designed to help people with meeting their specific needs and helping them to own the house of their choice. RHB Malaysia Commercial Property Financing is a type of Overseas Property Loan and has been designed especially for entrepreneurs and businesses who would like to purchase a commercial property in Malaysia so that they can start their commercial operations in the country.

    Why choose RHB Malaysia Commercial Property Financing?

    Opening a business in Malaysia will certainly not be an easy task as it will require you to invest a lot of money. You will need to purchase a commercial property where you can establish your office in the country. If you do not have access to the required funds for purchasing such a commercial property, you can take help of RHB Malaysia Commercial Property Financing and purchase the commercial property of your choice. You will enjoy attractive interest rates and various other features that will be very beneficial to you in the long run.

    Features and Benefits of RHB Malaysia Commercial Property Financing

    • You will enjoy attractive interest rates with the loan and so it will not become a financial burden for you to pay off the borrowed amount.
    • You can avail up to 80 percent of the purchase price of the commercial property in Malaysia as a loan.
    • You will not have to pay any penalty if you pay off the loan amount before the tenure.
    • You will also enjoy an excellent quality of service every time you interact with the bank.
    • You can also opt for refinancing of your existing loan and enjoy the perks offered with this loan by RHB Bank in Singapore.
    • If you are a premier banking customer, you will get a discount of 0.05 percent for the first 2 years on the interest rate charged with the loan.

    RHB Malaysia Commercial Property Financing Interest Rates

    Year Interest Rate
    1st Year 2.88 percent per annum (3.12 percent less than MBR)
    2nd Year 3.18 percent per annum (2.82 percent less than MBR)
    3rd Year 3.38 percent per annum (2.62 percent less than MBR)
    Henceforth 3.38 percent per annum (2.62 percent less than MBR)
    Loan Lock in period 2 years

    Currently, the Malaysia Property Board Rate 2 (MBR) is at 6 percent and it can be changed by the bank without any prior notice.

    Eligibility

    • The applicant should be a Citizen or a Permanent Resident of Singapore OR a Foreigner living in Singapore.
    • The applicant should be aged 21 or above.
    • The applicant should have a steady source of income.

    Documents Required

    You will need to submit the following documents when you apply for a loan under the RHB Malaysia Commercial Property Financing scheme:

    • A copy of your NRIC (front and back)
    • Income Proof:

      • If you are a Salaried Employee, you will need to submit the following proof of income:

        • Latest Payslip (Computerised) and Notice of Assessment for Income Tax OR
        • Latest Payslip (Computerised) and latest CPF Contribution Statement for the last 12 months
      • If you are a Self-Employed Individual, you will need to submit the following proof of income:

        • Last 2 years Income Tax Notice of Assessment (NOA)
    • In case you earn rental income, you will need to provide Tenancy Agreement (Stamped) and the agreement should show a minimum lease of 6 months
    • The following documents should also be submitted with all the applications:

      • A copy of your HBD Loan statement
      • Latest statements of all your debts such as credit card, personal loan etc. from all the lenders
      • You will need to submit the following documents for the purchase of a property:
      • Reservation form / Booking form / Contract of Sale / Sale and Purchase Agreement
    • In case you opt for Refinancing, you will need to submit the following documents:

      • Your latest loan statement that should show your repayment history for the last 12 months along with the latest statement that shows the outstanding loan amount; and any of the following documents:
      • Sale and Purchase Agreement or Exercised Option to Purchase Agreement
      • Stamp Duty Certificate for the purchase of the property of your choice
      • Title Deeds (copy)

    Explore the Other Overseas Property Loans Offered By Banks:

    Explore the Other Loans Offered By RHB Bank:

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