Affin Bank is a top bank in Malaysia that offers excellent banking solutions. The primary types of services provided by the bank include business banking, consumer banking, and investor relations services. Some of the products offered under the Affin Bank’s consumer banking section include deposits, cards, hire purchase, loans, remittance, insurance, etc.
You can take a home loan from the bank to fund your home buying process.
At least 18 years old
Less than 70 years old
Salaried / Self-employed
with regular income
Earn more than the minimum
Instalment limited to about 50%
of monthly income
Loan capped @ 90% of property value + 5% MRTA
Instalments of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 35 years
Alternatively add your parents
|Margin of Finance||Up to 90% + 5% MRTA|
|Guarantor Requirement||No Guarantee Required|
These are some of the features and benefits of this loan:
These are the types of home loans offered by Affin Bank:
These are the different interest rates for the home loan schemes offered by Affin Bank:
|AFFIN Home Solutions Plus||BR + 0.81% p.a.|
|AFFIN Home Flexi Plus||BR + 0.76% p.a.|
|AFFIN Home Assist Plus||BR + 1.51% p.a|
|AFFIN Home Build||BR + 1.11% p.a.|
|AFFIN My First Home Scheme (Skim Rumah Pertamaku)||BR + 1.01% p.a.|
|AFFIN Invest Plus||BR+ 0.91% p.a.|
|AFFIN Housing Guarantee Scheme by SJKP||BR + 3.11% p.a.|
These are the fees and charges for the home loans:
|Stamp duties||According to the Stamp Duty Act 1949 (revised 1989)|
|Early settlement penalty||2 or 3% of original loan amount|
|Late payment fee||BR + 4.35% p.a.|
These are the eligibility criteria that will have to be followed while applying for this loan:
You will first have to download the application form for a home loan from the bank’s website. You will then have to submit it at any Affin Bank branch. You can also apply by meeting a representative at a branch. You may also call the bank at 03-5522 3000 for support.
You can pay your monthly installments by registering for the bank’s online banking platform.
These are the documents that you will have to submit while applying for a home loan from Affin Bank:
For loan amounts below RM500,000, the highest overdraft portion is 50% of the complete financing amount. If your loan amount is RM500,000 or below, your overdraft portion will be 70% of total financing amount.
In order to apply for this term loan, your company will have to be incorporated in Malaysia. Also, it should be a property investment company with a special or single purpose.
No, you will not get a lock-in period for subsale financing.
AFFIN Biz Solution Plus can be taken by an individual, a partnership, and a sole proprietary concern. A private limited and voluntary organization will not be able to apply for this loan option.
The Affin Housing Guarantee Scheme by SJKP intends to help self-employed and fixed income Malaysians to buy a house for their own job.
The penalty amount for loan retention is usually 2% or 3% of the actual loan amount.
Yes, you can redraw your additional repayments only for term loans.