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Home Loan Rates - Islamic |
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| No |
Bank |
Package |
1st year |
2nd year |
3rd year |
4th year |
5th year |
Comments |
| 1 |
Alliance Bank |
i-WISH Home Financing -i |
BLR-1.70% |
BLR-1.70% |
BLR-1.70% |
BLR-1.80% |
BLR-1.80% |
Thereafter : BLR-1.80%, Minimum financing amount RM100000, Maximum financing of 95% of purchase price (inclusive of Islamic MRTA and stamp duty), long financing tenure of 35 years or up to age 70 |
| 2 |
Bank Muamalat |
Home financing-i (package A) |
BFR-1.95% |
BFR-1.95% |
BFR-1.95% |
BFR-1.85% |
BFR-1.85% |
Margin of Financing (MOF) up to 100% inclusive of MRTT,
Longer financing tenor up to age of 70 years or maximum duration of 40 years, under construction/ completed ZEC (BFR-1.85%) |
| 3 |
CIMB Bank |
Home financing-i |
6.45 |
6.45 |
6.45 |
6.45 |
6.45 |
Year 11-20 = 7.45%. Maximum tenure 30 years/ 65 years. Maximum margin of financing = 90%. (Properties under construction)
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| 4 |
Hong Leong Bank |
Standard Package |
IFR-1.75% |
IFR-1.75% |
IFR-1.75% |
IFR-1.75% |
IFR-1.75% |
Margin of financing up to 90% + 5% (MDTA)
Loan Tenure up to 30 years / up to age 65, Term financing RM 100,000 and above. |
| 5 |
Maybank |
MaxiHome-i |
BLR-1.60% |
BLR-1.60% |
BLR-1.60% |
BLR-1.60% |
BLR-1.60% |
Financing margin up to 100% with Mortgage Takaful/Homebuilding Takaful, Financing tenure up to 30 years or 60 years of age, whichever is earlier for normal, NON-ZEC Property Value of RM100k & above without MRTA BRL-1.55% |
| 6 |
Public Bank |
ABBA Variable House Financing-i |
BFR-2.55% |
BFR-1.60% |
BFR-1.60% |
BFR-1.60% |
BFR-1.60% |
Thereafter BFR-1.80%. Margin of financing up to 95% without MRTA/MRPA and up to 100% inclusive MRTA/MRPA |
| 7 |
RHB Bank |
Equity Home Financing-i |
IBR-1.70% |
IBR-1.70% |
IBR-1.70% |
IBR-1.70% |
IBR-1.70% |
Margin Of Advance at 90% + 5% (Liability Reducing Term Takaful) + 5% (Home Owner Takaful), NON FAC above RM100K to RM500K under construction (IBR-1.60%) |
In addition to profit (financing) rates, when selecting a housing loan, you should also consider the fees and charges, margin of financing, tenure, your repayment capacity, prepayment flexibility, early termination provision and insurance coverage. You are also eligible to withdraw from Account 2 of your EPF for down payment. Hundreds of housing loan packages available in the market. Select one which fits your needs and circumstances. Please contact us for further information.
DISCLAIMER
The above information has been obtained from sources believed to be reliable and care has been taken in preparing and updating the data. Please refer to our disclaimer and privacy policy for terms and conditions of use. |
Last Update : 25/05/2010
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