CIMB Islamic specialises in offering excellent banking products and services in Malaysia. The bank offers exclusive Islamic financing by adhering to the Shariah principles of Islamic banking laws. You can rely on CIMB Islamic to provide you with outstanding home financing and refinancing schemes.
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 @ Up to 95%
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 40 years
Alternatively add your parents
|Margin of Finance||Up to 95%|
|Guarantor Requirement||No Guarantee Required|
Let us take a look at the features and benefits of CIMB Islamic home financing:
These are the different kinds of CIMB Islamic home financing schemes:
The profit rate for CIMB Islamic home financing depends on the base rate.
These are the fees and charges that you will have to pay for the Islamic home financing schemes offered by CIMB:
|Set up fee||NIL (For some plans: RM200)|
|Monthly service charge||NIL (For some plans: RM10)|
|Redraw fee for each transaction||RM25.00|
|Late payment fee||1% p.a. of the unsettled loan amount if you pay late during the financing tenure|
|Stamp duty for Form of standing instruction, Letter of Offer, and security documents||RM10|
|Letter of confirmation for EPF withdrawal||RM21.20|
|Request for issuing the Redemption Statement||RM53.00|
|Photocopy of security documents||RM21.20|
|Stamp duty for principal document||RM5.00 for each RM1,000|
You will need to follow these eligibility criteria when you are applying for CIMB Islamic home financing:
You can apply for CIMB Islamic home financing by visiting any CIMB Islamic bank branch. A representative from the bank will help you in completing the application process.
You can pay your monthly installments for CIMB Islamic home financing through online banking, phone banking, self-service banking, and mobile banking.
You will need to provide these documents when you are applying for CIMB Islamic home financing:
Bbazaar.my hosts a simple yet extremely useful CIMB Islamic home loan installment calculator. This calculator takes in the most prominent parameters of home loan and processes this raw data to yield the monthly installment information. The best thing about this online calculator is that these parameters can be adjusted to reach that optimum value of monthly installment which you are most comfortable paying. The input data users are required to enter in the online tool are –
CIMB Islamic offers brilliant Takaful options for properties. You can go for Houseowners and Householders Takaful, Fire Takaful (MRTT), and Mortgage Reducing Term Takaful (MRTT).
The 2 main home financing options offered under the banner of CIMB Islamic include HomeFlexi Smart-I and Variable Home or Business Premises Financing-i.
The minimum tenure for CIMB Vacant Land Flexi Smart-i is 5 years.
The charges for GMTP are variable. You will need to make a one-time payment.
The ceiling rate is capped according to the variations in the Base Financing Rate (BFR).
With a Special Mudharabah Investment Account-i, you will gain profits according to the amount that you have in this account. You will also have the privilege to take out funds from this account by visiting any ATM or with the help of a cheque.
No, there is no variation between the reference rate for Islamic home financing and conventional home loans. It is consistent across both the types of financing.
Apart from offering Home Loan,CIMB Islamic offers other products and services which include: