• Home Loan BYTES FROM OUR KITCHEN

    AIA Home Loan

    AIA Home Loan is a house financing solution by AIA Malaysia. The facility provides home loan for the purchase of a new property at a range of competitive interest rates and a tenure range of up to 35 years with a minimum loan amount starting at RM100,000.

    Quick Reads

    Interest/Profit Rates

    The interest rates associated with AIA Home Loan are mentioned in the tables below:

    For Non-zero Moving Cost:

    Type of Property Loan Amount Interest Rate
    Completed property Below RM300,000 4.99% p.a. fixed
    Under-construction property Below RM500,000 4.99% p.a. fixed

    For Zero Moving Cost:

    Type of Property Loan Amount Interest Rate
    Completed property RM300,000 and above 4.99% p.a. fixed
    Under-construction property RM500,000 and above
    Completed property Below RM300,000 5.39% p.a. fixed
    Under-construction property Below RM500,000

    Fees & Charges

    The fees and charges associated with AIA Home Loan are contained in the table below:

    Stamp Duty As per the Stamp Duty Act 1949.
    Late payment charges 1% p.a. on the overdue instalment amount.
    Early termination fee Prepayment fee: 0.62% p.a.
    Administrative fee: 0.40% of the prepaid amount.
    Request for redemption statement RM53.00 per request.
    Request for confirmation letter for EPF withdrawal RM21.20 per request.
    Request for stop payment/replacement of cheque RM10.60 per request.

    Eligibility Criteria

    Nationality Criterion Malaysian citizens, or foreigners residing in Malaysia with valid work permit, or foreigners with Malaysian spouses (depending on the plan)
    Age Criteria Minimum age: 18 years Maximum age: 70 years
    Income Criteria As per the bank’s discretion
    • The self-employed individual applicants must have a business established for 3 or more years.
    • The non-Malaysian applicants must be working in Malaysia with a valid work permit or should be with their Malaysian spouses.

    Documents Required

    • One copy of your NRIC (both sides) or passport.
    • Copies of your salary slips for the last 3 months.
    • Latest EA form or EPF statement.
    • For self-employed individuals: Business registration form.

    How To Apply

    • Offline Application: You can approach the AIA Home Loan application process telephonically by putting your request via the customer service numbers of AIA. You can also visit the nearest AIA branch to apply for the loan.
    • Online Application: You can also complete the AIA Home Loan application process online at AIA’s official website.

     

    Type Of AIA Home Loan

    • AIA Fixed Rate Home Loan: The package offers customers with a high margin of financing for home purchase at competitive interest rate with a range of flexible repayment tenures.

    Features & Benefits

    • The facility lets you choose from a flexible range of financing tenures that can be extended to 35 years.
    • You can apply for a high range of financing with AIA Home Loan with a minimum of RM100,000.
    • The interest rates associated with AIA Home Loan remain constant throughout the facility period.
    • The facility provides you financing for purchase of completed properties, under-construction properties, and for the house refinancing.
    • The interest rates with this the funds obtainable via this facility are calculated on a daily basis.
    • The facility doesn’t charge you with any processing fee.
    • The monthly instalment for the facility are low and equal that gives you a financial freedom you need.
    • You will get an insurance coverage on the loan.
    • You can switch your home loan from any other financial institution to AIA Home Loan.

    Contact Number

    You can reach out to AIA to get more information about AIA Home Loan:

    • AIA Bhd.: 1300-88-1899
    • For overseas customers: 603-2056-1111

    FAQ's

    Q. What is the minimum repayment tenure available with AIA Home Loan?

    A. You can choose from a repayment tenure from 5 to 35 years with AIA Home Loan.

    Q. Is it required to get an insurance with my AIA Home Loan?

    A. Yes, you are required to take MRTA (Mortgage Reducing Term Assurance) and houseowner insurance policy with your AIA Home Loan.

    Q. I’m a 62-year old Malaysian citizen. What is the maximum repayment tenure I can get with AIA Home Loan?

    A. The maximum tenure you can get with AIA Home Loan is 8 years.

    Q. Can I opt for an early settlement on my AIA Home Loan?

    A. Yes, you can opt for an early settlement on your AIA Home Loan.

    Q. What is the lock-in period available with an early settlement on the AIA Home Loan?

    A. The lock-in period associated with early settlement on AIA Home Loan is 5 years from the first 1st drawdown.

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