The Affin Home Assist Plus-i works based on the Shariah concept of Musharakah Mutanaqisah or Diminishing Musharakah. It offers financing for the acquisition of residential property that may be completed or under construction. You can also get sub-sale financing and refinancing for completed properties under the scheme.
|Maximum Loan Tenure||35 years or up to an age of 70 years.|
|Profit Rate||BR + 0.96% p.a.|
|Margin of Finance||Up to 90% + 5%.|
Note: BR stands for Base Rate. BR is set to 4.10% p.a. as updated by the bank on 30 January 2018.
|Stamp Duty||As per the Stamp Duty Act 1949 (Revised in 1989).|
|Redemption Statement||RM50 per account per request.|
|Redraw Fee/Excess Payment Fee||RM25 per transaction.|
|Security Document Retrieval Fee||RM30 per request.|
|Additional Financing Statement||RM10 per request.|
|Letter of Confirmation for EPF Withdrawal||RM20.|
|Nationality||Malaysians and non-Malaysians.|
|Age Criterion||18 years and above.|
|Other Income Documents, if applicable||
The AFFIN Home Assist Plus-i comes with a flexible payment structure to help you complete the loan repayments in a hassle-free manner. Since, there is no lock-in period, you don’t have to worry about early settlement penalty. Make sure to have all the required documents ready before applying for the facility.
Q. When should I pay a valuation fee?
A. A valuation fee is charged only for a completed property and not applicable to properties under construction.
Q. How is the rental/profit rate calculated?
A. The rental/profit rate is calculated on daily rest.
Q. Does the loan have a lock-in period?
A. No. Lock-in period is not applicable under the scheme.
Q. What is a ceiling rate?
A. A ceiling rate is the maximum rental rate that can be applicable to your loan amount throughout the loan term. Irrespective of the variations in the base rate, the rental rate will not exceed the ceiling rate that is set at the time of the loan agreement.
Q. How is the processing fee calculated?
A. The bank does not charge a processing fee under the AFFIN Home Assist Plus-i loan scheme.