Home Financing-i Flexi

Bank Rakyat presents the best deal to help you own your dream home.

Tawarruq

Benefits

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:
1. Husband / Wife
2. Parents
3. Children
4. Siblings

Financing up to 95% including MRTT / Legal Fees / Valuation Fees

Package

Financing with MRTT

Home Financing-i

Financing Amount

Profit Rate

Below RM300,000

As low as SBR+1.60%

RM300,000 & above

As low as SBR +1.50%

Standard Base Rate (SBR): 3.00%

MRTT = Mortgage Reducing Term Takaful

Effective Financing Rate for Home Financing-i Financing amount of RM300,000 & above, 35 years tenure, no lock-in period
Reference Rate p.a.	Standard Base Rate (SBR) = 3.00%
Profit Rate p.a.	As low as SBR + 1.50%

Maximum financing period 35 years or aged 70 years; whichever is earlier.

ITEMS	CHARGE
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

Category	Document
Fixed Income	Copy of MyKad; or Authority Card (Police / Military) Latest 3 consecutive months salary slips Latest 3 months of bank statement Latest EPF statement / EA form Confirmation Letter of Employment
Non Fixed Income (Source from Business)	Copy of MyKad; or Authority Card (Police / Military) Latest 6 months bank statement (Individual / Business) Business registration / Form 24 or 49 B Form with Payment Receipt
Property Documents	Sale & Purchase Agreement Copy of Title Offer to Purchase from Developer Booking Receipt Memorandum of Sale: Auction Valuation Report: Completed / Auction / Subsale / Refinancing / Construction of House