The first ever revolving home loan in Malaysia, from RHB Banking Group

KUALA LUMPUR, March 17, 2008: At last, a home loan with a difference. It is none other than RHB MY1 Revolving Home Loan from the RHB Banking Group, the first ever in the market that comes with a revolving feature.

RHB MY1 Revolving Home Loan offers a benefit no other home loans in the market do. In stark contrast to the competition that only lets you withdraw the additional amount that you have paid, RHB MY1 Revolving Home Loan gives our RHB Bank customers the flexibility to withdraw up to their approved loan amount – which not only includes their paid monthly instalments but also any extra payment that they have credited to their loan account.

On top of that, RHB Bank customers can withdraw as often as they wish as there is no service charge. Our customers only need to make sure that their combined withdrawn amounts remain within their approved home loan limit (minimum withdrawal amount is RM5,000). In addition, it’s hassle-free for there are no legal documents to submit. And the penalty fee? Zero. What’s more, there is no commitment fee charged for any unused amount in your loan account.

“Besides giving our customers the flexibility to withdraw up to their approved loan amount, RHB MY1 Revolving Home Loan lets them make lump sum payments any time to reduce their loan amount and interest”, said Mr. Viegas, Head Retail, RHB Banking Group.

Mr. Renzo Viegas adds further, “With its innovative revolving feature, RHB MY1 Revolving Home Loan assures RHB Bank customers of immediate available funds at any time for any purpose to meet personal needs, such as improving cash flow, expanding a business, funding their children’s education, seizing investment opportunities at the right time and purchasing a second property or car. RHB MY1 Revolving Home Loan is applicable to both completed properties as well as those under construction.”

The launch of RHB MY1 Revolving Home Loan could not have happened at a more opportune time as demand in the residential property market from local and foreign real estate investors is expected to rise drastically. The increasing number of high-end condominium projects which is expected to be completed in the next few years will present more investment opportunities and accelerate the growth of home loan markets.

“With its latest offering of RHB MY1 Revolving Home Loan, the RHB Banking Group aims to capture a larger market share of the home loan segment”, said Mr. Renzo Viegas.

For more information on RHB MY1 Revolving Home Loan and the application procedures, please call RHB Toll-free 1800-888-RHB (742), visit www.rhbbank.com.my or any one of our 180 RHB Bank branches nationwide for a one-to-one consultation.

Issued by Group Corporate Communications, RHB Capital Bhd. For more information, please call Mastura Adnan at 012-3162960/92802288 or Adeline Ong at 012-8833345/03- 92802552