Personal Banking
Financing-i
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Home Financing-i
Bank Rakyat presents the best deal to help you own your dream home.
Tawarruq
- Under Construction
- Completed / Auction / Subsale
- Refinancing
- Purchase and Redemption of Residential Land
- Construction of House
- Age not less than 18 years old on the date of application and not more than 70 years old at the end of financing tenure
- Not bankrupt
- No bad records with any other Banks or financial institutions
- Joint Application is allowed and must be related / direct family members:
- Husband / Wife
- Parents
- Children
- Siblings
Financing up to 95% including MRTT / Legal Fees / Valuation Fees
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Home Financing-i
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Financing Amount |
Profit Rate |
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Below RM300,000 |
As low as SBR+1.55% |
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RM300,000 & above |
As low as SBR +1.45% |
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Standard Base Rate (SBR): 3.00%
MRTT = Mortgage Reducing Term Takaful
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Financing amount of RM300,000 & above, 35 years tenure, no lock-in period |
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| Reference Rate p.a. |
Standard Base Rate (SBR) = 3.00% (Effective on 12 May 2023 onwards) |
| Profit Rate p.a. | As low as SBR + 1.45% |
Maximum financing period 35 years or aged 70 years; whichever is earlier.
| ITEMS | CHARGE |
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| Wakalah Fee | RM28.30 |
| Custodian of security documents after full settlement. | RM10.00 per set per month (inclusive 0% GST) |
| Issuance of statement for EPF withdrawal. | RM15.00 per document (inclusive 0% GST) |
| Stamp Duty Fee | 0.5% of total financing as contained in the Stamp Duty Act 1949 |
| Disbursement Fee | NIL |
| Early Settlement Fee | Only available for Zero Entry Cost package (2.5% of the total financing) |
| Valuation Fee | Applicable to completed property only |
| Redemption Fee | RM50 will be charged for individual customer or via lawyer that requested redemption statement from branch |
| Late Payment Charges |
During the financing tenure : 1% per annum on the overdue instalment amount After expiry of financing tenure : Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance |
- Biro Perkhidmatan Angkasa
- Salary Deduction
- Savings Account-i Deduction
- Electronic Payment
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Fixed Income |
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Non Fixed Income (Source from Business)
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Property Documents |
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Please be informed that we have enhanced our Home Financing-i Terms & Conditions to give a better and clear understanding to our customers.
The revised Home Financing-i Terms & Conditions will take effect on 1st September 2019. For more information please click on the FAQ