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    RHB Overseas Property Loan

    RHB Banking Group started its financial journey under the banner of DCB Holdings Berhad in the year 1994 as a public limited company in Malaysia. It assumed the current name in 1997. The Singapore branch on the bank started operations in the year 1961 under the banner of UMBC but later assumed the name of HB Bank Berhad Singapore (RHBS) in the year 1999 after a series of mergers and rapid expansions. The bank celebrated its 50th anniversary in 2011. Through this half century mark, the bank has garnered expertise in the financial sector and aiding their customers, both, individuals as well as companies/businesses to achieve their goals. RHB Singapore is a fully licensed bank with an array of financial products and services to offer including Home Loans among other loans, Cards and other credit facilities to individuals and corporations alike. Their main segments of business include Business Banking, Consumer Banking, Corporate Banking, Investment Banking and Treasury. RHB bank currently is spread across 7 branches and 13 Bureau de Change counters throughout Singapore and Changi International Airport.

    Why RHB Overseas Property Loan?

    Through the RHB Overseas Property Loan (a type of RHB Home Loan), you can buy your weekend home in Malaysia with up to 80% valuation. RHB Bank provides financing for both, Malaysia Commercial Property as well as Malaysia Residential Property.

    1. Malaysia Commercial Property Financing
    2. Features and Benefits

      • The lock in period for this loan is 5 years.
      • The loan offers attractive interest rate structure.
      • The loan offers high financing quantum of up to 80% financing for your home.
      • There is no prepayment penalty.

      Interest Rate Structure

      • The interest rate structure for the initial 5 years of lock in period for the loan is 4.85% per annum + an MBR (Malaysia Property Board Rate) of 1.15%.
      • After the 5 year period, the interest rate structure will continue to remain the same.
      • If you are a Premier Banking Customer of RHB Bank, you are eligible for a discount of 0.05% in the interest rate structure for the initial 2 years.

      Note: The Malaysia Property Board Rate is presently at 6%. These rates are subject to change.

    3. Malaysia Residential Property Financing
    4. Features and Benefits

      • The lock in period for this loan is 2 years.
      • The loan offers attractive interest rate structure starting from 2.88% + MBR.
      • The loan offers high financing quantum of up to 80% for the purchase of your home.
      • The loan tenure is extremely flexible with up to 30 years for the loan repayment.

      Interest Rate Structure

      If you are a Premier Banking Customer of RHB Bank, you are eligible for a discount of 0.05% in the interest rate structure for the initial 2 years.

      Year Rate of Interest
      First Year 2.88% per annum + MBR of 3.12%
      Second Year 3.18% per annum + MBR of 2.82%
      Third Year 3.38% per annum + MBR of 2.62%
      Thereafter 3.38% per annum + MBR of 2.62%

    Note: The Malaysia Property Board Rate is presently at 6%. These rates are subject to change.

    Eligibility Criteria (For both – Malaysia Commercial and Residential Property Financing)

    The following individuals can apply for the RHB Overseas Loan –

    • Singapore Citizens
    • Singapore PRs (Permanent Residents)
    • Foreigners

    Documentation Required (For both – Malaysia Commercial and Residential Property Financing)

    • A photocopy of both sides of the NRIC.
    • Income Proof documents –
      1. For Salaried Employees – Latest Payslip (Computerized) and Income Tax Notice of Assessment (NOA) OR Latest Payslip (Computerized) and the last 12 months CPF Contribution Statements.
      2. For Self –Employed Individuals – The last 2 years Income Tax Notice of Assessment (NOA) AND Rental Income – Tenancy Agreement (must be stamped) with at least 6 months of lease period remaining.
    • Other Documents
    • For all applications, find below the documents–

      1. Visit the page www.hdb.gov.sg and take a print out of the financial information on the HDB Home Loan Commitment.
      2. The latest credit facilities statements issued from other financial institutions or moneylenders.

      For purchase of property

      1. Reservation form/ Sale and Purchase agreement/ Contract of Sale/ Booking Form.

      For the purpose of Refinancing

      Latest loan statement highlighting the last 12 months of repayment history. The loan statement must also show the outstanding loan balance and one of the following –

      1. Sale and Purchase Agreement OR Exercised Option to Purchase
      2. Title Deeds copy
      3. Stamp Duty Certificate for the purchase of a subject property
    • The bank can request any other document if required at its discretion.

    Applying for the RHB Overseas Property Loan (For both – Malaysia Commercial and Residential Property Financing)

    • Download the application form from the official RHB website.
    • Make an appointment with the bank by filling the appointment form.
    • Visit the RHB Bank Branch with the required documents and apply for the loan.

    For more information on RHB Overseas Property Loan

    • You can call the RHB Customer Care and request for more information.
    • You can email RHB Bank to request for further information.
    • You can visit your nearest RHB Bank Branch for additional information on the RHB Overseas Property Loan.

    Explore the Other Overseas Property Loans Offered By Banks:

    Explore the Other Loans Offered By RHB Bank:

    RHB Overseas Property Loan - FAQs

    1. What is the maximum loan tenure offered for the Malaysia Residential Property Financing?
    2. You can repay your RHB Overseas Loan for a residential property financing in Malaysia with flexible repayment tenures of up to 30 years.

    3. What is the prepayment penalty for the Malaysia Commercial Property Financing?
    4. There is no prepayment penalty for the Malaysia Commercial Property Financing.

    5. How much financing will I receive for my overseas property using the Malaysia Commercial and Residential Property Financing?
    6. You can receive financing for up to 80% of the purchase price of your property for both, Malaysia Residential as well as Commercial Property Financing.

    7. Is there an age criterion to apply for the RHB Overseas Property Loan?
    8. Yes. You must at least be 21 years old or above in order to apply for both, Malaysia Residential as well as Commercial Property Financing.

    9. Can foreigners apply for the RHB Overseas Property Loan?
    10. Yes. Foreigners are eligible to apply for the RHB Overseas Property Loan provided all other criteria have been met and the required documents have been provided.

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