ASB Loan By RHB

Overview

At RHB Bank, we offer you ASB Financing to finance the purchase of your ASB units. Enjoy high margin financing, low interest rates, flexible loan tenures and optional insurance coverage, financed by us.

For further information, do give us a call at 03 - 9206 8118 or visit our nearest branches.

Product Features :

INTEREST RATES	Term Loan (TL) RM10,000 to RM49,999 without GRTA BLR – 1.25% RM10,000 to RM49,999 with GRTA BLR – 1.40% RM50,000 & above without GRTA BLR – 1.40% RM50,000 & above with GRTA BLR – 1.55% ASB Interest Only Package (ASB5) BLR – 1.00% Overdraft (OD) against ASB / ASW BLR - 1.00%
LOAN TENURE	1 year to 20 years or 60 years old whichever is earlier
LOAN AMOUNT	Min. RM10,000 Max. Up to individual's ASB investment limit
MARGIN OF ADVANCE (MOA) TL FOR ADDITIONAL / NEW ASB INVESTMENT	Up to 100% + 5% (GRTA)
TL AND OD FOR PERSONAL CONSUMPTION ON UNENCUMBERED ASB CERTIFICATE	95% of ASB certificate
INSURANCE	Optional, financed by Bank
MODE OF REPAYMENT	Standing Instruction (SI)
CUSTODIAN FEE	Term Loan (TL) RM100 Term Loan (TL)/ Overdraft (OD) against unencumbered ASB certificate RM150 per certificate
DOCUMENTS REQUIRED	Photocopy of identity card Photocopy of ASB passbook 1 month pay slip/other proof of income e.g. bank account statement
EXIT FEE	1st 2 years 3% of approved loan amount 3rd to 5th year 1% of approved loan amount if settled by liquidation of certificates. However, NO exit fee if settled by own funds from 3rd year to 5th year.