RHB ASB Loan

Here's loan information for ASB at RHB. You can get it at their website here.

At RHB Bank, we offer you an ASB Loan to finance the purchase of your ASB units. It provides a convenient and affordable way to grow your investment.

RHB Bank offers a high margin financing, low interest rates, flexible loan tenures, optional insurance coverage and low processing fees.

Under this loan scheme, you have the benefit of enjoying your profit distributions and bonus once they have declared (if any). Upon settlement of the loan, the ASB certificate would be returned to you.

You will find it easy to apply ASB Loan Financing. For further information, do give us a call at 03 - 9206 8118 or visit our nearest branches.

Product Features:

Interest rate for Term Loan (TL)

Loan Amount : RM10,000 to RM30,000
1 st year : BLR - 1.75%
Sub years : BLR - 1.25%
Above RM30,000
1 st year : BLR - 2.0%
Sub years : BLR - 1.25%

Overdraft (OD)

BLR + 0%

Loan Tenure

1 year to 20 years or 60 years old whichever is earlier.

Loan Amount Fixed Loan

For 100% Package
Min: RM10,000
Max: up to individual's ASB investment limit

For 95% Package
Min: RM10,450
Max: up to individual's ASB investment limit

Margin of Advance (MOA)
TL for additional / new ASB
investment

100%
With proof of monthly income(e.g. 1 month pay slip / other proof of income e.g. bank account statement)

Up to 95%
Without any proof of monthly income.

TL and OD for personal consumption on unencumbered ASB certificate
95% of ASB certificate

Insurance
Optional
No financing

Mode of repayment
Standing Instruction (SI)

Custodian fee
Term Loan
Overdraft
RM100
RM150

Documents required for both Term Loan & Overdraft
Photocopy of IC
Photocopy of ASB passbook
MOA 100%: 1 month pay slip/ other proof of income e.g. bank account statement
MOA 95% or less: no proof of income is required.

Exit Fee

First 2 years : 3% of approved loan amount
3 rd to 5 th year : 1% of approved loan amount if settled by liquidation of certificates.
However, NO exit fee if settled by own funds