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)
BLR – 1.55% for Loan Amount RM10,000 to RM80,000
BLR – 1.65% for Loan Amount RM80,001 and above
Overdraft (OD) against ASB / ASW: BLR - 1.00%
|
| LOAN TENURE |
25 years or 65 years old whichever is earlier, subject to entry age of 60 years old. If entry age is 60 years old, the Margin of Advance (MOA) will be capped at 95% only.
|
| 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 |
- RM100 for ASB3 and ASB4
- RM150 for OD/TL against unencumbered ASB Certificate
- RM200 for OD/TL against unencumbered ASW certificate
|
| COMMITMENT FEE |
1% on the unutilized portion of the overdraft facility for amount above RM250,000 |
| DOCUMENTS REQUIRED |
- Photocopy of identity card
- Photocopy of ASB passbook
Income Documentation by Employment Type
Salaried Earners
- Latest one (1) month salary slip; OR
Latest one (1) month crediting bank statement; OR
Latest interim EPF statement
- Letter of certification of employment or letter of confirmation from employer confirming stating salary/allowances is mandatory if service of employment is less than six (6) months.
Self-Employed / Own or Partnership Professional Practices
- Business Registration (Form A / B for Sole Proprietorship / Partnership); Business License (Form D), Current & Valid professional practice certificate issued by relevant competent body (for Professional Practices); OR
Trading License (for East Malaysia); OR
Local Council License; OR
Borang 24 and Borang 49 (for Sdn Bhd); AND
- Latest six (6) months Personal or Company’s Bank Statement; OR
Latest Borang B / BE (validated payment receipt of payment to LHDN)
Commission Earners
- Latest six (6) months salary slip/commission statement; AND
- Latest six (6) months crediting bank statements; OR
Latest Borang BE (validated payment receipt of payment to LHDN);
*NOTE: Bank may require up to 6 months of income documents if the income comprise of variable components (Overtime, Allowances, Commission & etc).
|
| EXIT FEE |
3% of loan approved amount if settled within the first 2 years.
|
Amanah ASNB Units:
- Skim Amanah Saham Bumiputera
- Amanah Saham Wawasan 2020
- Amanah Saham Malaysia
- Amanah Saham 1Malaysia
- Amanah Saham Didik
- Sekim Amanah Saham Nasional
- Amanah Saham Nasional 2
- Amanah Saham Nasional 3 Imbang
- Amanah Saham Gemilang
