RHB Bank aims for 8-10% of home financing applications to come from RHB My Home App


KUALA LUMPUR: RHB Bank Bhd is eyeing at least 8-10% of home financing applications through its newly launched mobile app, RHB MyHome App in the first year of operation.

RHB Acting Head of retail banking, Nazri Othman said this at a press conference held after the launch today.

The application enables customers to apply for home financing, submit documents and check their application status. Applications done through the app are processed within 48 hours.

Between January and October this year, RHB has seen a loan growth of 15% for the mortgage segment, ahead of industry’s rate of 9%.

The total loan size for the mortgage segment, amounting to about RM45 billion, accounted for 25% of the banking group’s total loans portfolio.

Besides the MyHome App RHB also launched another service, banking-at-your-doorstep. The service enables customers to apply for their debit cards which will be delivered and authenticated at their doorstep.

The service is only currently available within the Klang Valley, and RHB is looking to expand to new locations by the first quarter of next year.

Read the original story on: TheSunDaily.My