Making Easy Money III: RHB ASB Loan

Posted by Kris | Tuesday, August 31, 2010 | | 0 comments »

Here are the rates from RHB Banks. I could not sleep thus did some quick goggling on ASB


INTEREST RATESTerm 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 TENURE1 year to 20 years or 60 years old whichever is earlier
LOAN AMOUNTMin. RM10,000
Max. Up to individual's ASB investment limit
MARGIN OF ADVANCE (MOA) TL FOR ADDITIONAL / NEW ASB INVESTMENTUp to 100% + 5% (GRTA)
TL AND OD FOR PERSONAL CONSUMPTION ON UNENCUMBERED ASB CERTIFICATE95% of ASB certificate
INSURANCEOptional, financed by Bank
MODE OF REPAYMENTStanding Instruction (SI)
CUSTODIAN FEETerm 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 FEE1st 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.


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