Kuala lumpur: OSK Property Holdings Bhd has partnered with RHB Bank Bhd to extend the RHB Home and Renovation Loan to eligible purchasers of selected under-construction landed properties developed by OSK Property. The property arm of OSK Group stated that this collaboration marks RHB's first partnership with a property developer for this solution, which was previously available only for purchasers of completed and subsale properties. According to BERNAMA News Agency, the solution will now allow purchasers of selected under-construction landed homes priced at RM300,000 and above at OSK Yarra Park and OSK Taman Lang Aman in Sungai Petani, Kedah, as well as OSK Iringan Bayu in Seremban, Negeri Sembilan, to apply for and package their housing and renovation loans together at the point of property purchase. This approach enables purchasers to plan their homeownership and renovation funding needs upfront, rather than securing separate renovation funding after home completion. The renovation loan will be disbursed progressively for approved renovation works once the property is completed, provided all applicable requirements are met, subject to RHB's credit assessment and terms and conditions. OSK Property highlighted that the solution offers an additional loan margin of up to 30 percent of the lower of the property's selling price or latest market value, which includes the renovation loan, Mortgage Reducing Term Assurance (MRTA), Credit Life Term Assurance (CLTA), and Finance Entry Cost (FEC), on top of a housing loan margin of up to 90 percent. The loan tenure is up to 35 years or until the customer reaches 70 years old, whichever comes first. OSK Property CEO Chu Wai Lune emphasized that the collaboration provides a seamless financing option, supporting both home purchase and renovation needs in a single journey. He noted that RHB's decision to choose OSK Property as its first property-developer partner reflects confidence in the quality and standards of OSK homes. RHB Bank's Managing Director, Group Community Ban king, Jeffrey Ng Eow Oo, stated that the collaboration allows eligible purchasers to have both their housing and renovation loan requirements assessed and packaged upfront, providing greater clarity and convenience in planning overall homeownership costs. While the renovation loan is disbursed post-completion of the property, packaging both components upfront allows for better planning from the purchase point, supporting customers more seamlessly in transforming their property into a home. According to OSK Property, this collaboration is part of its ongoing efforts to enhance the customer journey through practical lifestyle and homeownership solutions. It reinforces the company's focus on creating long-term value for purchasers by connecting quality homes with value-added offerings that support modern living.