Financing-i

Home Financing-i (Shophouse / Commercial)

Concept

Tawarruq

Purposes

• Under Construction
• Completed / Auction / Subsale

Benefits

• Higher margin of finance
  
  

Requirements

• Malaysian Citizen
  
• 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

Margin of Financing

Financing up to 90% including MRTT / Legal Fees / Valuation Fees

Profit Rate

Standard Base Rate (SBR): 3.00%

MRTT = Mortgage Reducing Term Takaful

Financing Tenure

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

Fees & Charges

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)

Payment Methods

• Biro Perkhidmatan Angkasa (BPA)
• Salary Deduction
  
• Savings Account-i Deduction
• Electronic Payment

Required Documents

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

Product Disclosure Sheet

• PDS Home Financing-i 

Illustration Payment Schedule

• Payment Schedule Home Financing-i (Shophouse / Commercial) Government & GLC
• Payment Schedule Home Financing-i (Shophouse / Commercial) Private & Self-Employed