Home Financing-i SJKP

Financing-i

Home Financing-i SJKP

Bank Rakyat in collaboration with SJKP provide the best home financing to help you own your dream home.

Concept

Tawarruq

Purposes

  • Under Construction
  • Completed / Auction / Subsale

Requirements

  • Malaysian Citizen
    i.Applicants with Fixed Income; OR
    ii.Applicants with Non Fixed Income; OR
    iii.Applicants who run a business
  • Age not less than 18 years old on the date of application and not more than 65 years old at the end of financing tenure
  • First Home Buyer and for Living
    i. Applicants must submit a declaration letter stating that  the financing application is a first home and for living by themselves.
  • Income verification, through:
    i.Saving account statement with latest 3 Month with a minimum of RM1,000.00 per month and verified by ‘Jawatankuasa Kemajuan dan Keselamatan Kampung’ (JKKK) or to obtain approval from government staff under category A / Penghulu / KetuaKampung.
  • Joint Applications are allowed between siblings or parents with children on conditions both applicants does not own any house
  • If one of the applicants is fixed income earner, the application can be considered with conditions that the income of  applicants with non fixed income  must be higher than applicants with fixed income.

Margin of Financing

Up to 100% including MRTT / Lawyer's Fee / Valuation Cost & Stamp Duty

Profit Rate

Package
Pofit Rates

SKJP

As low as SBR + 1.90%

Standard Base Rate (SBR): 3.00%

MRTT = Mortgage Reducing Term Takaful

Financing Tenure

Maximum financing period 35 years or aged 65years; whichever is earlier.

Fees & Charges

ITEMSCHARGE
Wakalah FeeRM28.30
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)

Payment Methods

  • Biro PerkhidmatanAngkasa
  • Salary Deduction
  • Savings Account-iDeduction
  • Electronic Payment

Required Documents

Application CategoryDokuments
Fixed IncomeCopy of MyKad; Or
Authority Card (Police / Army ) and
Income Verification Letter from
JawatankuasaKemajuandanKeselamatanKampung (JKKK) or government staff
under category A / Penghulu / KetuaKampung.
Copy of 3 Months Salary Statement
3 Months Bank Statement
EA Form / KWSP Statement
Employer Confirmation Letter
Non-Fixed Income 
Copy of MyKad; Or
Authority Card (Police / Army ) and
Income Verification Letter from JawatankuasaKemajuandanKeselamatanKampung (JKKK) or government staff under category A / Penghulu / KetuaKampung.
Latest 6 Months Bank Statement (Individual / Business)
Business Registration / Form 24 or 49
Form B & Payment Receipt
Property DocumentsSale Purchase Agreement
Copy of Title
The Letter of Purchase Form from Developer
Advance Payment Receipt
Sale Memorandum: Auction
Valuation Report: Completed / Auction / Subsale

Product Disclosure Sheet

    Illustration Payment Schedule


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